Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,442.68, down 228.47 points) Aurora Cannabis Inc. (TSX:ACB). Health care. Up 51 cents, or 5.16 per cent, to $10.40 on 12.1 million shares. Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down three cents, or 0.73 per cent, to $4.06 on 10.1 million shares. Student Transportation Inc. (TSX:STB). Transportation. Up $1.98, or... Read More

Spotify’s music service seeks to drum up $1 billion in IPO

Spotify’s music service seeks to drum up $1 billion in IPO
SAN FRANCISCO — Music-streaming pioneer Spotify is hoping to attract a new crowd of fans on Wall Street to help fend off a growing competitive threat posed by Apple. Spotify will expand its financial arsenal with an initial public offering of stock aiming to raise $1 billion. That figure could change as Spotify’s bankers assess investor demand for Spotify shares... Read More

Statistics Canada says oil and gas spending set to fall for 4th year in a row

Statistics Canada says oil and gas spending set to fall for 4th year in a row
CALGARY — Statistics Canada says capital spending to extract oil and gas will fall for a fourth straight year in Canada in 2018. The federal agency says a survey of investment intentions in the oilpatch found spending is expected to be about $33.2 billion this year, down 12 per cent from 2017, with the biggest declines in the oilsands sector where spending... Read More

Alberta spending more, but saving more: Highlights from the fiscal update

Alberta spending more, but saving more: Highlights from the fiscal update
EDMONTON — Alberta Finance Minister Joe Ceci released the third-quarter fiscal update Wednesday showing the province on track for a $9.1-billion deficit when the budget year ends March 31 — $1.4 billion lower than expected. Here are some other highlights from the update: — The province is expected to take in an extra $1.9 billion in revenue this year for a total of $46.9... Read More

Seaweed off N.L. inhibits growth of breast cancer cells: ocean tech company

Seaweed off N.L. inhibits growth of breast cancer cells: ocean tech company
An East Coast ocean technology company says it has discovered properties in seaweed off Newfoundland and Labrador that inhibits the growth of breast cancer cells. A press release from Oceans Ltd. says it has been studying seaweed’s potential commercialization in pharmaceutical products for several years, and have sampled about 70 seaweed species in Newfoundland and Labrador’s coastal waters. President and CEO Judith Bobbitt says studies that used an... Read More

Torstar reports Q4 profit as cost-cutting offsets impact of lower revenue

Torstar reports Q4 profit as cost-cutting offsets impact of lower revenue
TORONTO — Torstar Corp. had $8.65 million of net income attributable to its shareholders in the fourth quarter, as it benefited from cost-cutting efforts that offset a 10 per cent decline in revenue compared with the year-earlier period. The profit amounted to 11 cents per share for the three months ended Dec. 31, up from a profit attributable to shareholders of $1.26... Read More

Canada’s commercial real estate market sets another record in 2017: report

Canada’s commercial real estate market sets another record in 2017: report
TORONTO — The Canadian commercial real estate market set another record for investments in 2017 and was one of only four countries in the world to do so, according to a new report from CBRE Ltd The report said there were more than $43.1 billion in investments last year, surpassing $34.7 billion in 2016, and CBRE predicts another record will be established in... Read More

Valeant shares slump even as drugmaker posts highest net profit in three years

Valeant shares slump even as drugmaker posts highest net profit in three years
MONTREAL — Valeant Pharmaceuticals International Inc. posted its highest quarterly net profit in three years but its shares slumped as its adjusted earnings slumped. The Quebec-based drug company said it earned US$513 million or $1.45 per diluted share attributable to shareholders in its latest quarter, compared with a loss of US$515 million or $1.47 per share a year ago. The profit was... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,671.15, down 43.51 points) Aurora Cannabis Inc. (TSX:ACB). Health care. Down 27 cents, or 2.66 per cent, to $9.89 on 12.1 million shares. The licensed producer has signed a deal to supply medical marijuana to Shoppers Drug Mart, a pharmacy chain owned by Loblaw (TSX:L) (up 79... Read More

Highlights from federal budget tabled Tuesday by Finance Minister Bill Morneau

Highlights from federal budget tabled Tuesday by Finance Minister Bill Morneau
OTTAWA — Highlights from the federal Liberal budget tabled Tuesday by Finance Minister Bill Morneau: — “Proactive” pay equity legislation, as well as $3 million over five years for a “pay transparency” measure, to close the wage gap among federal workers and in federally regulated sectors, impacting some 1.2 million people. — The “Advisory Council on the Implementation of National... Read More