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: Big business convention The International Economic Forum of the Americas’ Toronto Global Forum kicks off Monday, featuring business leaders and government representatives including RBC chief David McKay, BlackBerry CEO John Chen and Foreign Affairs Minister Chrystia Freeland. Runs through Dec. 12. CMHC report Canada Mortgage... Read More

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 (14,795.13, down 141.87 points)   Aphria Inc. (TSX:APH). Healthcare. Down 62 cents, or 8.21 per cent, to $6.93 on 33.5 million shares. Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 55 cents, or 7.80 per cent, to $7.60 on 18.9 million shares. Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up seven cents, or 3.21 per cent, to... 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 (14,937.00, down 245.64 points). Aphria Inc. (TSX:APHA). Health care. Up $2.55, or 51 per cent, to $7.55 on 42.8 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 84 cents, or 13.53 per cent, to $7.05 on 19.2 million shares. Bombardier Inc. (TSX:BBD.B). Down two cents, or 0.91 per cent,... Read More

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 (15,182.64, up 119.05 points). Aphria Inc. (TSX:APHA). Health care. Down 99 cents, or 16.53 per cent, to $5 on 30.3 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down 91 cents, or 12.78 per cent, to $6.21 on 15.1 million shares. Bombardier Inc. (TSX:BBD.B). Up eight cents, or 3.77... Read More

Canada’s main stock index up sharply with U.S. markets closed; loonie falls

Canada’s main stock index up sharply with U.S. markets closed; loonie falls
TORONTO — Canada’s main stock index was up sharply Wednesday morning, with the energy and mining sectors leading the advance. The S&P/TSX composite index was up 157.68 points at 15,221.27, making up for some of the 211-point drop it experienced Tuesday. In New York, stock markets were closed Wednesday to mark the death of former president George H.W. Bush last week. The... Read More

National Bank Q4 profit up 8% from last year to $566 million, dividend going up

National Bank Q4 profit up 8% from last year to $566 million, dividend going up
MONTREAL — National Bank of Canada had $566 million of net income in its fourth quarter, up eight per cent from the same period last year as each of its three main business units improved earnings. The Montreal-based bank says the profit amounted to $1.52 per share on a diluted basis and $1.53 per share after adjustments. Analysts had estimated... Read More

Laurentian Bank Q4 net income down 13%, misses analyst estimates

Laurentian Bank Q4 net income down 13%, misses analyst estimates
MONTREAL — Laurentian Bank of Canada’s fourth-quarter net income dropped by 13 per cent from the previous year to $50.8 million, on lower revenues and loan volumes, and missed analyst estimates. The Montreal-based company’s net income amounted to $1.13 per diluted share during the three months ended Oct. 31, down from $1.42 during the same period a year ago. Analysts had expected earnings of... Read More

Bank of Canada expected to hold benchmark interest rate as economic clouds gather

Bank of Canada expected to hold benchmark interest rate as economic clouds gather
OTTAWA — The Bank of Canada is widely expected to leave its benchmark interest rate unchanged at 1.75 per cent today after a 25-basis-point increase at its last setting in October. This morning’s announcement comes in the wake of a move by the Alberta government to curtail oil production in the province after Jan. 1 to try to clear a crude storage glut that has driven western... Read More

HBC posts lower Q3 loss as Saks Fifth Avenue drives improvement in overall sales

HBC posts lower Q3 loss as Saks Fifth Avenue drives improvement in overall sales
TORONTO — Hudson’s Bay Co. says it had a smaller overall third-quarter loss than last year as sales increased by 5.6 per cent to $2.2 billion, with its Saks Fifth Avenue brand of luxury retail stores continuing to show improvements. The Toronto-based retailer’s net loss was $164 million or 69 cents per share, including discontinued operations That’s down from last year’s... Read More

Roots lowers long-term earnings estimates following weak sales in Q3

Roots lowers long-term earnings estimates following weak sales in Q3
TORONTO — Roots Corp. has lowered its sales and earnings estimates from targets set when the company went public in October 2017 after sales fell “well below” its own expectations in the third quarter. The clothing company’s total sales for the three months ended Nov. 3 were $87 million, down three per cent from $89.7 million last year when Roots benefited from... Read More