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 (15,647.14, up 42.35 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up four cents, or 1.08 per cent, to $3.75 on 7.9 million shares. Neovasc Inc. (TSX:NVC). Medical devices. Down 3.5 cents, or 15.56 per cent, to 19 cents on 7.8 million shares. Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 25 cents,... Read More

Canada Post names Jessica McDonald interim CEO, to succeed Deepak Chopra

Canada Post names Jessica McDonald interim CEO, to succeed Deepak Chopra
OTTAWA — Canada Post board chair Jessica McDonald will serve as president and CEO of the crown corporation on an interim basis starting April 2. McDonald’s appointment follows the planned March 31 departure of Deepak Chopra, the current head of the country’s postal service, announced last August. Canada Post says a comprehensive and open process to find a permanent replacement for Chopra is “well under... Read More

Feds’ unheralded $102B rainy day fund kept for the improbable, like cyberattacks

Feds’ unheralded $102B rainy day fund kept for the improbable, like cyberattacks
OTTAWA — The federal government committed hundreds of millions of dollars in its recent budget to help reinforce Canada’s cyber defences — but if the effort fails to prevent a major attack, Ottawa can always turn to its little-known $102-billion emergency stash. The rainy day fund of highly liquid assets is available to keep the government running for at least a month should  the country ever find itself confronted by a severe crisis, such as a cyberattack... Read More

Canada’s bank CEOs get 7% pay raise to earn $53.6 million in fiscal 2017

Canada’s bank CEOs get 7% pay raise to earn $53.6 million in fiscal 2017
TORONTO — The chief executives of Canada’s five biggest banks collectively earned roughly $53.6 million in the latest fiscal year, up more than seven per cent from a year earlier. But it was a particularly good year for TD Bank’s chief executive Bharat Masrani, who got a more than 20 per cent increase in total direct compensation to pull in $10.85 million in... Read More

Spotify launches do-it-yourself platform in Canada for local advertisers

Spotify launches do-it-yourself platform in Canada for local advertisers
TORONTO — The Spotify music-streaming business is pitching a way for Canadians to create their own audio advertising. The multinational company says that beta trials of Spotify Ad Studio — a platform that allows marketers to upload full audio spots or scripts to be voiced by the company — have been expanded to include Canada and the United Kingdom. The self-serve platform has been... Read More

Oyu Tolgoi receives information request from Mongolian anti-corruption authority

Oyu Tolgoi receives information request from Mongolian anti-corruption authority
VANCOUVER — Turquoise Hill Resources Ltd. says Oyu Tolgoi LLC has received an information request from Mongolia’s anti-corruption authority. The company says the regulator is seeking financial information relating to Oyu Tolgoi. The request relates to an investigation about possible abuse of power by officials during negotiation of the 2009 Oyu Tolgoi investment agreement, Turquoise Hill says. The company says there... Read More

Higher public debt has helped slow build-up of household debt: Bank of Canada

Higher public debt has helped slow build-up of household debt: Bank of Canada
OTTAWA — The governor of the Bank of Canada says the federal government’s steps in the last couple of years to take on more public debt has helped prevent an even faster build-up of household debt that has still managed to climb to historic highs. Stephen Poloz says Ottawa’s recent spending on programs, such as enhanced child benefits and infrastructure, have lifted the economy and pushed interest rates to... Read More

Luxury home sales fell by 60 per cent in the GTA, Oakville and Hamilton: RE/MAX

Luxury home sales fell by 60 per cent in the GTA, Oakville and Hamilton: RE/MAX
TORONTO — Luxury home sales in the Greater Toronto Area, Oakville and Hamilton-Burlington have fallen by almost 60 per cent year-over-year, according to a RE/MAX report. The real estate company says 76 freehold and condominium properties in the GTA sold for more than $3 million between Jan. 1 and Feb. 28, down from 180 sales during the same period last year. In Oakville, six... Read More