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 (15,729.40, up 107.93 points) Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 19 cents, or 3.31 per cent, to $5.55 on 12.2 million shares. Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up 12 cents, or 3.00 per cent, to $4.12 on 11.8 million shares. Manulife Financial Corp. (TSX:MFC). Financial Services. Up 32 cents, or 1.35... Read More

North American stock markets rally, TSX surges more than 100 points

North American stock markets rally, TSX surges more than 100 points
Canada’s main stock index surged more than 100 points Friday in a broad-based advance led by the industrials sector. The S&P/TSX composite index advanced 107.93 points to 15,729.40, with stocks in the industrial sector gaining on average 1.38 per cent. The Toronto index also got a lift from the energy sector, which rose 0.67 per cent on the strength of the... Read More

Canada has options to bolster competitiveness without corporate tax cuts

Canada has options to bolster competitiveness without corporate tax cuts
OTTAWA — In its search for ways to blunt threats to Canadian competitiveness, the federal government could avoid the pricey move of cutting corporate taxes by turning to an increasingly discussed option: allowing all companies to immediately write off new equipment purchases. For months, the Liberal government has been under pressure from corporate Canada to respond to a U.S. tax overhaul that many fear will lure business investment south of... Read More

Air Canada joins WestJet in severing ties over claim of ‘secret fares’

Air Canada joins WestJet in severing ties over claim of ‘secret fares’
MONTREAL — Air Canada said Friday it will join rival WestJet in severing its ties with Hopper Inc. after the mobile travel app’s suggestion it has sole access to “secret fares” caused confusion in the travel industry. Hopper, which notified when a fare matching their criteria becomes available, landed in hot water with other travel groups that sell air fares, such as travel agents and aggregator sites, when the company suggested earlier this... Read More

Aecon bows out of bid team vying for contract for Gordie Howe bridge

Aecon bows out of bid team vying for contract for Gordie Howe bridge
OTTAWA — A Canadian construction firm that could be swallowed up by a Chinese state-owned company says it will no longer be part of a private group bidding to build and operate a new bridge between Canada and the United States. A spokeswoman for the Aecon construction firm wouldn’t elaborate on the decision to pull out of the Gordie Howe International Bridge... Read More

Toronto is latest Canadian city to crackdown on payday lending outlets

Toronto is latest Canadian city to crackdown on payday lending outlets
TORONTO — Canada’s largest city is the latest of a host of municipalities to crack down on payday lenders with bylaws to impose restrictions on their business activities and rein in the number of physical locations. Toronto City Council adopted new interim regulations last week that cap the number of physical locations allowed across the city and require operators to be licensed. That permit will cost lenders an initial $633,... Read More

U.S. Tim Hortons franchisee association sues parent company over contract clause

U.S. Tim Hortons franchisee association sues parent company over contract clause
TORONTO — Ongoing tensions between Tim Hortons franchisees and the chain’s parent company have spilled over into the United States, where a dissident group of franchisees has filed a new lawsuit. The Great White North Franchisee Association’s U.S. branch, a group claiming to represent at least half of the owners of Tim Hortons restaurants south of the border, said Thursday that it is suing Restaurant... Read More

Halifax tech firm says new eyewear protects against laser attacks

Halifax tech firm says new eyewear protects against laser attacks
HALIFAX — A Halifax technology company has begun commercial production on protective eyewear that it says can protect pilots and military personnel from the growing threat of potentially disabling laser strikes. Metamaterial Technologies Inc. said the aviator-style metaAIR eyewear, which will be available for commercial use in a few months, refracts laser light using a photosensitive material called photopolymer. The federal... Read More

Keystone pipeline ruling expected to help further reduce heavy oil discount

Keystone pipeline ruling expected to help further reduce heavy oil discount
CALGARY — A regulator’s lifting of pressure restrictions on the Keystone oil pipeline in the United States earlier this week is expected to help reduce discounts being paid for Western Canadian heavy crude. Matthew John, spokesman for Calgary-based pipeline owner TransCanada Corp., says the order was limited to a small part of the pipeline following a leak in November in South Dakota and therefore... Read More

US indictment alleges top VW exec knew of emissions cheating

US indictment alleges top VW exec knew of emissions cheating
DETROIT — A federal grand jury in Detroit has indicted former Volkswagen CEO Martin Winterkorn on charges stemming from the company’s diesel emissions cheating scandal in a plot that prosecutors allege reached the top of the world’s largest automaker. The four-count indictment unsealed Thursday charges Winterkorn, 70, with three counts of wire fraud and one of conspiring with other senior... Read More