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 (15,216.47, down 25.41 points) Aurora Cannabis Inc. (TSX:ACB). Health care. Down 16 cents, or 1.41 per cent, to $11.15 on 7.3 million shares. Eldorado Gold Corp. (TSX:ELD). Miner. Down eight cents, or 5.44 per cent, to $1.39 on 6.6 million shares. First Quantum Minerals Ltd. (TSX:FM). Miner. Up $1.45, or... Read More

Canada should cut corporate tax rate and incentivize high-tech investments: Mintz

Canada should cut corporate tax rate and incentivize high-tech investments: Mintz
MONTREAL — The Canadian government needs to shave a bit off the corporate tax rate and provide financial incentives for investments in artificial intelligence and robotics following U.S. tax reforms, says a leading tax expert. “I think there’s room for tax reform,” said Jack Mintz, a professor at the University of Calgary. He said the combined Canadian corporate rate should drop two... Read More

Feds to table budget Feb. 27 as Canada faces trade, competitiveness uncertainty

Feds to table budget Feb. 27 as Canada faces trade, competitiveness uncertainty
OTTAWA — Finance Minister Bill Morneau will introduce the federal government’s next budget on Feb. 27 as the country faces persistent uncertainty around trade and competitiveness. With the future clouded by such unknowns, private-sector experts will press Morneau to keep his fiscal powder dry when they gather later this week for their annual pre-budget meeting. Morneau, who announced the budget date Tuesday in the House of Commons, sits down... Read More

Payday loans a growing part of Ontario’s personal insolvencies, study finds

Payday loans a growing part of Ontario’s personal insolvencies, study finds
TORONTO — A study by a Toronto-based firm says the rate of insolvent borrowers using payday loans in Ontario has grown for the sixth consecutive year. Insolvency trustee firm Hoyes Michalos & Associates says 31 per cent of insolvent borrowers used the loans in 2017, up from 27 per cent the year before. The study suggests payday loans are a growing factor in personal insolvencies... Read More

What renters need to know about Ontario’s new tenancy lease agreements

What renters need to know about Ontario’s new tenancy lease agreements
TORONTO — Ontarians fed up with battling their landlord over contentious terms they didn’t realize were hidden in the fine print of their lease will soon be getting some reprieve. On April 30, it will become mandatory for most residential landlords to use a 13-page standardized lease agreement, recently unveiled by the provincial government in hopes of protecting tenants from being tricked by lengthy agreements rife with illegal clauses... Read More

GM brings Maven car-sharing startup to Toronto, aims for millennial generation

GM brings Maven car-sharing startup to Toronto, aims for millennial generation
TORONTO — General Motors Co. is bringing its Maven car-sharing business to Canada for the first time as part of the Detroit-based company’s broader strategy for navigating through a rapidly changing automotive world. Toronto will be the first city outside of the United States to offer GM’s Maven City app-driven service, which has grown rapidly to 17 American cities since it was launched two years ago... Read More

Hydro One reports fourth-quarter profit up from year ago, tops expectations

Hydro One reports fourth-quarter profit up from year ago, tops expectations
TORONTO — Hydro One Ltd. topped expectations as it reported its fourth-quarter profit was up more than 20 per cent compared with a year ago. The parent company of Ontario’s largest electricity transmission and distribution utility says it earned a profit attributable to common shareholders of $155 million or 26 cents per diluted share in the quarter ended Dec. 31. That... Read More

DHX Media reports $7.4M second-quarter profit up from $5.8M a year ago

DHX Media reports $7.4M second-quarter profit up from $5.8M a year ago
HALIFAX — DHX Media Ltd. reported a profit of $7.4 million in its latest quarter, up from $5.8 million in the same quarter a year earlier. The children’s entertainment company says the profit amounted to six cents per diluted share for the three months ended Dec. 31. That compared with a profit of four cents per diluted share a year earlier.... Read More

CSE to launch blockchain-based clearing house, challenging TMX’s platform

CSE to launch blockchain-based clearing house, challenging TMX’s platform
The Canadian Securities Exchange is planning to launch a blockchain-powered platform to clear and settle securities trades, challenging the monopoly long held by TMX Group Inc. This new clearing house, which requires approval from Canadian regulators, would allow companies to issue conventional equity and debt using a digital token representing a share in a business. The CSE says using blockchain, a ledger... Read More