Retirees, out-of-province residents calling B.C. ‘speculator tax’ unfair

Retirees, out-of-province residents calling B.C. ‘speculator tax’ unfair
VANCOUVER — When Rick Smith’s son decided to move from Yukon to Victoria for college he bought him a condominium to avoid high rents, but a new provincial tax means the property may turn out to be more of a financial burden than anticipated. “Our contribution to his future is to put a roof over his head during his studies,” Smith said... Read More

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 (15,169.94, down 46.24 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 50 cents, or 5.25 per cent, to $9.03 on 10.5 million shares. Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down five cents, or 1.32 per cent, to $3.74 on 9.4 million shares. Crescent Point Energy (TSX:CPG). Oil and gas. Down 53 cents, or 5.84 per... Read More

Small northern Alberta community gets bigger with historic land purchase

Small northern Alberta community gets bigger with historic land purchase
FORT MCKAY, Alta. — The tiny northern Alberta community of Fort McKay is planning on getting a lot bigger after buying $1.6 million in land from the Alberta government. The Metis community, on the Athabasca River just north of Fort McMurray, is home to about 750 people and sits among many oilsands sites. It is believed to be the first Metis settlement to buy all... Read More

Survey of Toronto tech firms shows international job applications up

Survey of Toronto tech firms shows international job applications up
TORONTO — A new survey suggests Toronto-region technology companies saw an increase in international job applicants last year as countries including the U.S. tightened their immigration policies. The survey by the MaRS Discovery District found that of the 55 companies that responded, 53 per cent saw more international applicants in 2017 over 2016 and 45 per cent of companies made international... Read More

Ontario pre-election budget promises new spending, multi-year deficits

Ontario pre-election budget promises new spending, multi-year deficits
TORONTO — As it braces to fight for re-election this spring, Ontario’s Liberal government has rolled out a spending package that targets nearly every demographic while plunging the province back into deficit, with the books expected to stay in the red for six years. The 2018-2019 budget, tabled Wednesday by Finance Minister Charles Sousa, pumps billions into health care, child... Read More

HBC reports $84 million profit in fourth quarter, up from loss a year ago

HBC reports $84 million profit in fourth quarter, up from loss a year ago
TORONTO — Hudson’s Bay Co. earned $84 million in its latest quarter compared with a loss a year ago, but fell short of expectations Wednesday as sales at its European and discount operations struggled. The retailer said the profit amounted to 39 cents per share for the quarter ended Feb. 3 compared with a loss of $152 million or 83... Read More

BlackBerry cuts fourth-quarter loss to US$10M, revenue tops expectations

BlackBerry cuts fourth-quarter loss to US$10M, revenue tops expectations
WATERLOO, Ont. — BlackBerry Ltd. lost US$10 million in its latest quarter compared with a loss of US$47 million a year ago as its revenue came in better than expected. The Waterloo, Ont.-based company, which reports in U.S. currency, says the loss amounted to six cents per diluted share compared with a loss of 10 cents per diluted share a... Read More