Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (15,508.17, down 15.84 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up seven cents, or 1.82 per cent, to $3.92 on 9.3 million shares. Trican Well Service Ltd. (TSX:TCW). Oil and gas. Down 31 cents, or 8.96 per cent, to $3.15 on 7.9 million shares. Hydro One Ltd. Instalment... Read More

Enterprise Rent-A-Car Canada to pay $1M penalty for misleading advertisements

Enterprise Rent-A-Car Canada to pay $1M penalty for misleading advertisements
OTTAWA — The Competition Bureau has reached a consent agreement with Enterprise Rent-A-Car Canada over misleading advertisements that will see the car rental company pay a $1 million penalty. According to the bureau’s investigation, services were not available at prices advertised because Enterprise’s additional mandatory fees increased advertised prices by as much as six per cent to 48 per cent. As part of the... Read More

Cineplex Inc. considers mobile phone concession pre-ordering as food drives growth

Cineplex Inc. considers mobile phone concession pre-ordering as food drives growth
TORONTO — Cineplex Inc. moviegoers could soon order their popcorn from their mobile phones before heading to theatres, as the company focuses on concession stand sales, restaurants and bars to continue to drive growth. “We are testing it and we are looking at it, especially in the VIP cinemas, where you can basically walk in and have everything ready to go,” president and CEO Ellis Jacob said Thursday. He talked about the... Read More

B.C. businesses say new health tax will raise prices for consumers

B.C. businesses say new health tax will raise prices for consumers
VANCOUVER — Small business owners in British Columbia say a new health-care payroll tax will result in higher prices for consumers as companies struggle to absorb the cost. The NDP government announced in this week’s budget that it would be phasing out medical services premiums by 2020 and instead will have an employer health tax of 1.95 per cent for companies with a payroll tax over $1.5 million. Eric Pateman, president of the Vancouver... Read More

CIBC raises dividend following better-than-expected first quarter

CIBC raises dividend following better-than-expected first quarter
TORONTO — The Canadian Imperial Bank of Commerce kicked off banks’ earnings season with a dividend hike and first-quarter net income that beat market expectations on the back of strong results at home and south of the border. Canada’s fifth-largest lender said Thursday it continues to see benefits from the purchase of Chicago-based The PrivateBank, which CIBC acquired in June 2017 and rebranded in September as CIBC Bank... Read More

Gildan expects American Apparel revenues to double in 2018 to US$100 million

Gildan expects American Apparel revenues to double in 2018 to US$100 million
MONTREAL — Gildan Activewear Inc. expects sales of the American Apparel brand it acquired last year will double in 2018 as it looks to expand sales of the product globally. The Montreal-based maker of apparel, including T-shirts, socks and underwear says the iconic brand it acquired last February should add about US$100 million of net sales this year, up from US$50... Read More

SNC-Lavalin forecasts double-digit adjusted earnings growth in 2018

SNC-Lavalin forecasts double-digit adjusted earnings growth in 2018
MONTREAL — SNC-Lavalin Group Inc. anticipates a double-digit increase in adjusted profits in 2018 as the acquisition of British engineering firm WS Atkins offsets continuing market challenges in some sectors. The Montreal-based engineering and construction firm said its full-year adjusted net earnings should range between $3.60 and $3.85 per diluted share. That’s 12.5 to 20 per cent higher than the $3.20... Read More

Statistics Canada says retail sales fell 0.8 per cent in December

Statistics Canada says retail sales fell 0.8 per cent in December
OTTAWA — Canadian retail sales fell in December after the growing popularity of Black Friday sales in advance of the holiday season boosted results in November. “The drop was no big surprise, given the clear tendency in recent years for December sales to decline — even though the figures are seasonally adjusted,” Bank of Montreal chief economist Doug Porter wrote... Read More