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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 (16,074.30, up 0.72 of a point) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 32 cents, or 4.98 per cent, to $6.74 on 20.3 million shares. The Alberta-based cannabis producer has signed a deal to acquire greenhouse design firm Larssen Ltd. Aurora says it intends to use its ownership of Larssen to pressure other... Read More

Higher gas prices help boost retail sales in September

Higher gas prices help boost retail sales in September
OTTAWA — Higher gasoline prices helped bump retail sales higher in September, but economists said it appears consumer spending has cooled after a hot start to the year. Statistics Canada said Thursday retail sales edged up 0.1 per cent to $49.1 billion in September, boosted by sales at gasoline stations as prices climbed due to disruptions caused by hurricane Harvey. However,... Read More

Changes to passive income rules could net feds $6 billion, PBO says

Changes to passive income rules could net feds $6 billion, PBO says
OTTAWA — Parliament’s spending watchdog says Liberal changes to passive investment rules for small businesses could rake in up to $6 billion annually in new tax revenues after a decade. The parliamentary budget office’s report out today says the new tax revenues would likely start out at up to $1 billion in the first year that new rules come into effect,... Read More

CPPIB buying 30 per cent interest in BGL Group for $1.1 billion

CPPIB buying 30 per cent interest in BGL Group for $1.1 billion
TORONTO — The Canada Pension Plan Investment Board has signed a $1.1-billion deal to acquire a 30 per cent stake in BGL Group, a digital distributor of insurance and financial services. BGL Group’s brands include Comparethemarket.com, LesFurets.com and online life insurer BeagleStreet.com. Under the deal, CPPIB will nominate a non-executive director to represent it on the BGL board. BHL, the... Read More

Grocer Metro Inc. reports fourth-quarter profit up from year ago, sales higher

Grocer Metro Inc. reports fourth-quarter profit up from year ago, sales higher
MONTREAL — Metro Inc. is looking to expand its online grocery offerings to Ontario next year as the food retailing industry ramps up e-commerce options for shoppers. The company already offers “click and collect” in seven stores and home delivery service in Greater Montreal, Quebec City and Gatineau, Que., covering 60 per cent of the population of Quebec, Metro CEO Eric... Read More

Ontario reforms labour laws, boosts minimum wage to $15 in 2019

Ontario reforms labour laws, boosts minimum wage to $15 in 2019
TORONTO — Ontario has passed sweeping labour reform legislation, which includes increasing the minimum wage to $15 an hour. Currently at $11.60 an hour, the minimum wage will rise under the legislation to $14 an hour on Jan. 1, with the increase to $15 coming in 2019. The plan has proved largely popular in government polling and with labour advocates, though... Read More

Survey suggests more Canadians plan to do holiday shopping online this year

Survey suggests more Canadians plan to do holiday shopping online this year
A new survey suggests more Canadians are planning to do some or all of their holiday shopping online this year. A survey commissioned by FedEx Canada and released today found that 65 per cent of Canadians polled planned to shop online this year, while 55 per cent said they did so last year. Six per cent of those polled said they planned... Read More

Uber isn’t saying how many Canadians were affected by year-old hack

Uber isn’t saying how many Canadians were affected by year-old hack
TORONTO — Uber is owning up to a year-old security breach that saw hackers steal the personal information of millions of customers around the world, but is not saying how many Canadians have been affected. Uber Canada’s blog says names, email addresses and mobile phone numbers of 57 million riders were taken, but did not provide specifics about where the customers are. It specifies only that hackers took... Read More

Liberals look to make housing more affordable for neediest families

Liberals look to make housing more affordable for neediest families
OTTAWA — The Liberals will announce plans today to spend tens of billions in federal dollars on a housing strategy that will provide housing benefits directly to low-income tenants, as well as repairs and renovations to some 300,000 units. Multiple sources with knowledge of the national housing strategy say the government will also announce plans to legislate a right to housing, which... Read More