Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,263.29, up 60.60 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up four cents, or 0.82 per cent, to $4.92 on 7.5 million shares. Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 38 cents, or 4.09 per cent, to $8.92 on 6.6 million shares. Baytex Energy Corp. (TSX:BTE). Oil and gas. Up three... Read More

DavidsTea losses more than triple in first quarter ahead of proxy battle

DavidsTea losses more than triple in first quarter ahead of proxy battle
MONTREAL — Embattled beverage retailer DavidsTea says its net loss more than tripled as sales fell six per cent in the first quarter of its fiscal year. The Montreal-based company lost $1.2 million for the period ended May 5, compared with a loss of $362,000 a year earlier. That translated into a loss of five cents per diluted share, versus... Read More

‘Momentous’: Vale gives green light to Voisey’s Bay mine expansion in N.L.

‘Momentous’: Vale gives green light to Voisey’s Bay mine expansion in N.L.
ST. JOHN’S, N.L. — Brazilian mining company Vale says it will proceed with construction of an underground mine at Voisey’s Bay, N.L., extending operations by at least 15 years and creating 1,700 jobs. Construction is to begin this summer and take about five years. “A great day for Newfoundland and Labrador and a great day for Vale,” Newfoundland and Labrador Premier... Read More

Chinese company CITIC Metal to acquire 19.9 per cent stake in Ivanhoe Mines Ltd.

Chinese company CITIC Metal to acquire 19.9 per cent stake in Ivanhoe Mines Ltd.
VANCOUVER — A Chinese company has signed a deal to acquire a 19.9 per cent stake in Ivanhoe Mines Ltd. for $723 million that the miner plans to use to fund the development of its projects in southern Africa. CITIC Metal Co. Ltd., a wholly owned subsidiary of Chinese state-run conglomerate CITIC Ltd., has agreed to acquire 196.6 million shares... Read More

Germany orders Daimler to recall 238,000 diesel vehicles

Germany orders Daimler to recall 238,000 diesel vehicles
FRANKFURT — Germany’s transport minister says the government is ordering automaker Daimler to immediately recall 238,000 vehicles equipped with software that turns off emissions controls under certain conditions. Minister Andreas Scheuer made the statement Monday after a meeting with Daimler CEO Dieter Zetsche. Scheuer said that Daimler was willing to work “with co-operative transparency” with the government and “at maximum speed.” The... Read More

How did it come to this? A look at the events leading up to Canada vs. US battle

How did it come to this? A look at the events leading up to Canada vs. US battle
QUEBEC — The leaders of Canada and the United States are locked in an ugly, escalating public dispute over trade barriers, tariffs and how they think they world should resolve its problems. With U.S. President Donald Trump and Prime Minister Justin Trudeau at the centre of the dispute, the back and forth has intensified since just before the start of the month — when the Americans imposed... Read More

Canadian marijuana firms warned to play by the rules after legalization

Canadian marijuana firms warned to play by the rules after legalization
SAINT JOHN, N.B. — The former chair of the federal cannabis taskforce is warning the industry to play by the rules when recreational marijuana is legalized. “We’ve seen this too often with big tobacco and big pharma,” Anne McLellan told weed producers Monday, noting tobacco companies and the government have clashed in court numerous times over advertising and branding. “The rules are... Read More

Province launches two reviews into BC Hydro over costs, future of energy sector

Province launches two reviews into BC Hydro over costs, future of energy sector
VICTORIA — The British Columbia government has launched a two-phase review of BC Hydro in an effort to find cost savings and direction for the Crown utility. The first part of the review is expected to examine ways to save money within Hydro, create new revenue streams in an effort to keep rates low and give the corporation the resources it needs to provide... Read More