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Canada’s housing industry is still highly vulnerable to market instability: CMHC

Canada’s housing industry is still highly vulnerable to market instability: CMHC
TORONTO — For the seventh straight quarter, the Canada Mortgage and Housing Corporation says the country is facing a high degree of vulnerability to market instability. The Crown corporation says Toronto, Hamilton, Vancouver and Victoria are of the most concern because of overvaluation and increasing home prices in the areas. Winnipeg, Ottawa, Quebec City, Moncton, Halifax and St. John’s are faring much better, with the corporation... Read More

Life circumstances change. So should your will, estate experts say

Life circumstances change. So should your will, estate experts say
CALGARY — Estate planning expert Lynne Butler loves to tell the cautionary tale of a widow in her 80s who had six children and six real estate properties. When it came time for her to make her final wishes known, she sat at her desk and hand-wrote a will that bequeathed her home to the child who lived with her and cared for her, and carefully doled... Read More

DavidsTea directors fight back against retail co-founder’s slate of nominees

DavidsTea directors fight back against retail co-founder’s slate of nominees
MONTREAL — The board of DavidsTea is fighting back against a co-founder’s attempt to replace them with a dissident slate of nominees. In a statement today, the Montreal-based company says Herschel Segal is trying to gain control of the board without paying a premium by pushing the election of seven director nominees at its annual meeting June 14. Segal controls 46 per... Read More

Trans Mountain opponent got federal money through Canada Summer Jobs: Tories

Trans Mountain opponent got federal money through Canada Summer Jobs: Tories
OTTAWA — The federal Liberal government found itself taking fire over the stalled Trans Mountain pipeline expansion from opposite flanks Wednesday: accused of helping to finance pipeline protesters on the one hand, and rigging the review system in favour of the project on the other. Conservative Leader Andrew Scheer led off question period with the revelation that one of the... Read More

Workplace substance-use policies would help Canadians and employers: report

Workplace substance-use policies would help Canadians and employers: report
VANCOUVER — Not enough companies have comprehensive substance-use policies and those that provide them offer inadequate measures to help struggling employees, the Canadian Centre on Substance Use and Addiction says in a report aimed at bringing awareness to workplace practices before marijuana is legalized this summer. Loss of productivity, absenteeism and increased costs are just some of the outcomes of unaddressed substance-use issues, says the report based... Read More

Husky Energy reports Q1 profit up from year ago, lowers production guidance

Husky Energy reports Q1 profit up from year ago, lowers production guidance
CALGARY — Husky Energy Inc. reported a first-quarter profit of $248 million, up from $71 million a year ago, as it lowered its annual production guidance. The energy company says the profit amounted to 24 cents per share for the three months ended March 31, up from six cents per share a year ago. On an adjusted basis, Husky says... Read More

Prove you didn’t prejudge Trans Mountain approval, NDP leader urges Liberals

Prove you didn’t prejudge Trans Mountain approval, NDP leader urges Liberals
OTTAWA — NDP Leader Jagmeet Singh is accusing the federal Liberal government of rigging its review process in favour of the Trans Mountain pipeline expansion. And if he’s wrong, Singh wants Prime Minister Justin Trudeau to release any and all documentation to prove otherwise. Singh and NDP energy critic Guy Caron have written to Trudeau about media reports that suggest the... Read More

Cenovus posts $914 million net loss amid challenging pricing conditions

Cenovus posts $914 million net loss amid challenging pricing conditions
CALGARY — Cenovus Energy posted a $914 million net loss from continuing operations in the first quarter, a bigger shortfall than analysts had expected, amid challenging pricing conditions for heavy grades of crude oil as well as natural gas. The Calgary-based company said the net loss amounted to 74 cents per share, which compared with a year earlier profit of... Read More

Ontario government understates deficit by billions: auditor general

Ontario government understates deficit by billions: auditor general
TORONTO — Ontario’s auditor general says the Liberal government’s statements on the province’s finances understate its deficit by billions. In a pre-election report released today, Bonnie Lysyk also says the government has not accurately reflected the true cost of its borrowing plan to cut hydro rates by 25 per cent, and is raising questions about the way it accounts for revenues related to two teacher... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,477.00, down 75.06 points) Katanga Mining Limited. (TSX:KAT). Miner. Up 21 cents, or 23.08 per cent, to $1.12 on 12.4 million shares. Baytex Energy Corp. (TSX:BTE). Oil and gas. Down two cents, or 0.39 per cent, to $5.14 on 9.9 million shares. Neovasc Inc. (TSX:NVC). Medical devices. Unchanged at six cents... Read More