Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,638.45, up 130.28 points) B2Gold Corp. (TSX:BTO). Miner. Up 15 cents, or 4.09 per cent, to $3.82 on 6.8 million shares. Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up six cents, or 1.53 per cent, to $3.98 on 5.6 million shares. Trican Well Service Ltd. (TSX:TCW). Oil and gas. Down three... Read More

TD Bank stops allowing customers to use credit cards to buy cryptocurrency

TD Bank stops allowing customers to use credit cards to buy cryptocurrency
TORONTO — TD Bank says it is taking a pause on allowing customers to use its credit cards to buy cryptocurrency. The big bank says it made the decision to conduct a review and assessment of the evolving market. The decision follows moves by several U.S. banks to stop allowing credit card purchases of bitcoin and other cryptocurrencies. The value... Read More

RBC hikes dividend as it reports flat first-quarter profit of $3 billion

RBC hikes dividend as it reports flat first-quarter profit of $3 billion
TORONTO — The Royal Bank of Canada hiked its dividend and delivered flat profits in the first quarter, as new U.S. tax reforms weighed on its latest earnings but also boosted the bank’s business south of the border. The Toronto-based lender increased its quarterly payment to common shareholders by three cents to 94 cents per share as it reported net income of $3 billion... Read More

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 (15,508.17, down 15.84 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up seven cents, or 1.82 per cent, to $3.92 on 9.3 million shares. Trican Well Service Ltd. (TSX:TCW). Oil and gas. Down 31 cents, or 8.96 per cent, to $3.15 on 7.9 million shares. Hydro One Ltd. Instalment... Read More

B.C. businesses say new health tax will raise prices for consumers

B.C. businesses say new health tax will raise prices for consumers
VANCOUVER — Small business owners in British Columbia say a new health-care payroll tax will result in higher prices for consumers as companies struggle to absorb the cost. The NDP government announced in this week’s budget that it would be phasing out medical services premiums by 2020 and instead will have an employer health tax of 1.95 per cent for companies with a payroll tax over $1.5 million. Eric Pateman, president of the Vancouver... Read More

CIBC raises dividend following better-than-expected first quarter

CIBC raises dividend following better-than-expected first quarter
TORONTO — The Canadian Imperial Bank of Commerce kicked off banks’ earnings season with a dividend hike and first-quarter net income that beat market expectations on the back of strong results at home and south of the border. Canada’s fifth-largest lender said Thursday it continues to see benefits from the purchase of Chicago-based The PrivateBank, which CIBC acquired in June 2017 and rebranded in September as CIBC Bank... Read More

Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Bread battle fallout Loblaw Co. Ltd. releases fourth-quarter and year-end results on Thursday. The grocery giant rocked the food retail industry in December when it admitted to participating in an alleged price-fixing conspiracy. Loblaw and George Weston Ltd. were granted immunity from prosecution by... Read More

Weston family’s Choice Properties buying Canadian REIT for $3.9 billion

Weston family’s Choice Properties buying Canadian REIT for $3.9 billion
TORONTO — The Weston family is poised to create Canada’s largest real estate investment trust through a $3.9-billion deal for its publicly traded Choice Properties REIT to buy Canadian Real Estate Investment Trust. The combination of Choice Properties, which counts Loblaw as its principal tenant and largest unitholder, and CREIT will create a company with a diversified portfolio of 752... Read More

Payday loans a growing part of Ontario’s personal insolvencies, study finds

Payday loans a growing part of Ontario’s personal insolvencies, study finds
TORONTO — A study by a Toronto-based firm says the rate of insolvent borrowers using payday loans in Ontario has grown for the sixth consecutive year. Insolvency trustee firm Hoyes Michalos & Associates says 31 per cent of insolvent borrowers used the loans in 2017, up from 27 per cent the year before. The study suggests payday loans are a growing factor in personal insolvencies... Read More

CSE to launch blockchain-based clearing house, challenging TMX’s platform

CSE to launch blockchain-based clearing house, challenging TMX’s platform
The Canadian Securities Exchange is planning to launch a blockchain-powered platform to clear and settle securities trades, challenging the monopoly long held by TMX Group Inc. This new clearing house, which requires approval from Canadian regulators, would allow companies to issue conventional equity and debt using a digital token representing a share in a business. The CSE says using blockchain, a ledger... Read More