Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,273.97, up 4.70 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 69 cents, or 8.58 per cent, to $8.73 on 17.5 million shares. Encana Corp. (TSX:ECA). Oil and gas. Up 53 cents, or 3.60 per cent, to $15.25 on 9.2 million shares. Aphria Inc. (TSX:APH). Healthcare. Up $1.48, or 14.92 per... Read More

US job openings decline in February from record level

US job openings decline in February from record level
WASHINGTON — U.S. businesses posted fewer open jobs in February than the previous month when openings reached a record level, though layoffs fell. The Labor Department said Friday that openings fell 2.8 per cent to 6.05 million, down from 6.23 million in January, the most on record dating back to 2001. Layoffs dropped a steep 7.7 per cent, to 1.65 million. The figures... Read More

Cogeco Q2 profit surges on benefit of U.S. tax reforms and higher revenues

Cogeco Q2 profit surges on benefit of U.S. tax reforms and higher revenues
MONTREAL — Cogeco Communications Inc. net earnings surged in the second quarter thanks largely to deferred income taxes related to U.S. tax reforms. The Montreal-based company says its earnings attributable to shareholders were $138.9 million, up from $76.7 million a year ago. That equalled $2.79 per diluted share for the period ended Feb. 28, compared to $1.55 per share a year earlier.... Read More

100-year-old beef jerky company sold to Premium Brands by founding Oberto family

100-year-old beef jerky company sold to Premium Brands by founding Oberto family
VANCOUVER — Premium Brands Holdings Corp. will expand its portfolio of specialty meats products with the acquisition of Seattle-based Oberto Sausage Company, a 100-year-old family-run business. Oberto produces beef jerky and other snack foods under various brands including Oberto and Cattleman’s Cut. The business was founded in 1918 by Constantino Oberto and later led by Constantino’s son Art Oberto, who... Read More

Ottawa probing Tim Hortons franchisee claims RBI failing to honour commitments

Ottawa probing Tim Hortons franchisee claims RBI failing to honour commitments
The federal government is looking into concerns raised by a dissident group of Tim Hortons franchisees about the potential violation of terms Ottawa placed on a deal that saw Canada’s most iconic restaurant chain taken over by a Brazilian firm. A spokesman for Innovation Minister Navdeep Bains said Thursday the government will investigate allegations that Tims owner Restaurant Brands International has failed to live up to promises made to the federal government under the Investment Canada Act in 2014.... Read More

March home sales volume plunges 22.7%, national average price down 10.4%: CREA

March home sales volume plunges 22.7%, national average price down 10.4%: CREA
OTTAWA — Canada’s real estate industry organization says the number of homes sold in March plunged 22.7 per cent and the national average price was down 10.4 per cent from the same month last year. The Canadian Real Estate Association says the sales activity marked a four-year low for the month of March and was seven per cent below the 10-year average. The national average price... Read More

Canadian pharmacy to be fined millions for illegal imports

Canadian pharmacy to be fined millions for illegal imports
HELENA, Mont. — An online pharmacy that bills itself as Canada’s largest is expected to be fined $34 million Friday for importing counterfeit cancer drugs and other unapproved pharmaceuticals into the United States, a sentence that one advocacy group called too light for such a heinous crime. Canada Drugs has filled millions of prescriptions by offering itself as a safe... Read More