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 (15,910.81, up 68.10 points) Spartan Energy Corp. (TSX:SPE). Oil and gas. Up one cent, or 0.15 per cent, to $6.48 on 10.9 million shares. Kinross Gold Corp. (TSX:K). Miner. Down 61 cents, or 11.42 per cent, to $4.73 on 10.7 million shares. The Canadian gold miner said the government... Read More

How investigators cracked an alleged business immigration scam on P.E.I.

How investigators cracked an alleged business immigration scam on P.E.I.
It started with a fancy watch nabbed at Halifax’s international airport. But newly released search warrants have revealed the intricate sleuthing that led immigration officials to dive deeply into how hundreds of business immigrants used the same home address in P.E.I. On Monday, charges were laid alleging siblings Ping Zhong and her brother, Yi Zhong, counselled business immigrants seeking permanent residency to provide... Read More

Feds to boost G7 security by flying in 3,000 officers, German shepherds

Feds to boost G7 security by flying in 3,000 officers, German shepherds
OTTAWA — The federal government plans to spend more than $2.2 million to fly roughly 3,000 police officers and dozens of German shepherds from all over the country to Quebec City to help secure the sites for next month’s G7 leaders’ summit. The G7 leaders, including Prime Minister Justin Trudeau, U.S. President Donald Trump and British Prime Minister Theresa May, will meet June 8-9... Read More

Home Capital anticipates mortgage renewal surge as it reports steep profit drop

Home Capital anticipates mortgage renewal surge as it reports steep profit drop
TORONTO — Home Capital Group Inc. is anticipating the highest mortgage renewal rate in the alternative lender’s history amid new regulations and company initiatives to stay competitive. Chief executive Yousry Bissada said Wednesday the Toronto-based mortgage lender is expecting mortgage renewals to provide a boost, as its latest quarterly earnings show a 40 per cent drop in net income compared to one year ago. Bissada said a combination of tighter... Read More

How Google aims to simplify your life with AI

How Google aims to simplify your life with AI
MOUNTAIN VIEW, Calif. — Google put the spotlight on its artificial intelligence smarts at its annual developers conference Tuesday, announcing new consumer features aimed at simplifying your life. Many of the updates have a practical bent, designed to ease tasks such as composing emails, making lists, navigating city streets and lessening the digital distractions that have increasingly addled people’s lives... Read More

Kinross shares fall amid request for talks by government in Mauritania

Kinross shares fall amid request for talks by government in Mauritania
TORONTO — Shares of Kinross Gold Corp. fell more than 10 per cent in trading Wednesday as the gold miner said the government in Mauritania has requested talks regarding its activities in the country. The Canadian gold miner, which is near completion of its Tasiast mine in Mauritania, said its application to convert its Tasiast Sud exploration permit into an... Read More

Torstar plans further transformation amid tough print advertising market: CEO

Torstar plans further transformation amid tough print advertising market: CEO
TORONTO — Torstar Corp. is preparing to invest in multiple initiatives to transform its core business amid a challenging print advertising market, company officials said Wednesday after announcing first-quarter results. The Toronto-based company, which owns the Toronto Star and other Ontario daily newspapers, numerous community and commuter papers, and various digital publishing businesses, lost $14.5 million in its first quarter. The... Read More

Enbridge selling Midcoast business to AL Midcoast for $1.44 billion

Enbridge selling Midcoast business to AL Midcoast for $1.44 billion
CALGARY — Enbridge Inc. has signed a deal to sell Midcoast Operating LP in the United States for about $1.44 billion. The Calgary-based company says Midcoast, which has natural gas and natural gas liquids gathering, processing, transportation and marketing businesses in Texas, Oklahoma and Louisiana, is being bought by AL Midcoast Holdings LLC for US$1.12 billion. Enbridge chief executive Al... Read More