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 (15,484.32, up 29.90 points) Champion Iron Ltd. (TSX:CIA). Miner. Down one cent, or 0.91 per cent, to $1.09 on 21.03 million shares. Cenovus Energy Inc. (TSX:CVE). Oil and gas. Down 42 cents, or 3.31 per cent, to $12.28 on 6.2 million shares. Baytex Energy Corp. (TSX:BTE). Oil and gas.... Read More

Fairfax Financial bids US$300 million for Toys R Us’s Canadian business

Fairfax Financial bids US$300 million for Toys R Us’s Canadian business
NEW YORK — Canada’s Fairfax Financial Holding has placed a bid of US$300 million to buy Toys “R” Us’s Canadian operations in bankruptcy. According to court papers filed late Thursday, the bidder is taking on a role of a “stalking horse” in a court-approved auction set for Monday in New York. That means it could be outbid in the auction... Read More

Construction is booming in North Korea, but who’s paying?

Construction is booming in North Korea, but who’s paying?
PYONGYANG, Korea, Democratic People’s Republic Of — Beachfront, five-star hotels? Skyscrapers just blocks from Kim Il Sung Square? North Korea is racing forward with major development projects some experts believe are aimed at expanding a market for rented or privately owned real estate to help fortify the finances of Kim Jong Un’s regime against the bite of sanctions over its... Read More

Shaw Communications reports second-quarter loss due to restructuring costs

Shaw Communications reports second-quarter loss due to restructuring costs
CALGARY — Shaw Communications Inc. reported a loss in its latest quarter as it was hit by charges related to a massive restructuring that will see about a quarter of its employees leave the company through a voluntary program. The telecommunications company said it lost $164 million or 33 cents per share for the quarter ended Feb. 28 as it... Read More

TMX Group sells stake in fixed income index business, terms not disclosed

TMX Group sells stake in fixed income index business, terms not disclosed
TORONTO — TMX Group Ltd. has sold its minority stake in its fixed income index business to FTSE International Ltd., which will now assume complete ownership of FTSE TMX Global Debt Capital Markets Ltd. Financial terms of the sale of the Canadian stock exchange operator’s 24.2 per cent stake were not disclosed. FTSE International, a wholly owned subsidiary of the... Read More

Renters struggle to find homes as prices climb, availability declines

Renters struggle to find homes as prices climb, availability declines
VANCOUVER — Joanna Fletcher lives in a one-bedroom apartment on Vancouver’s east side with her 10-year-old son. The building has mice and mould, and her new landlord is threatening eviction. While she has plenty of reasons to leave, Fletcher says she’s fighting to stay for as long as possible because she can’t afford anything else in the area and leaving would mean disrupting her son’s... Read More

Firms still positive about future, but some see moderation ahead: central bank

Firms still positive about future, but some see moderation ahead: central bank
OTTAWA — Firms remain upbeat about future sales, business investment and hiring — but some are predicting a moderation following last year’s red-hot pace, the Bank of Canada’s latest business outlook survey said Monday. The central bank’s quarterly poll of about 100 firms found overall business sentiment remained positive and above historical averages, even though the indicator dipped somewhat compared with January. “Forward-looking sales indicators remain positive across most... Read More

RBC CEO says housing market slowdown a welcome shift in consumer psychology

RBC CEO says housing market slowdown a welcome shift in consumer psychology
TORONTO — The chief executive of Royal Bank says the housing market slowdown is a welcome shift in consumer psychology toward more caution. David McKay told shareholders at the company’s annual meeting Friday that the bank is seeing a more balanced pricing trend after tighter conditions last year. The Vancouver and Toronto region real estate boards, representing the country’s hottest markets, reported double-digit... Read More