Eldorado Gold seeking $1.1B from Greece as compensation for permit delays

Eldorado Gold seeking $1.1B from Greece as compensation for permit delays
VANCOUVER — Eldorado Gold Corp. is seeking $1.1 billion from the Greek government for damages it says it suffered due to permit delays related to its Skouries project. The company says the application is a non-judicial request for payment and does not initiate legal proceedings. Eldorado chief executive George Burns called it a “good-faith attempt” to resolve the matter with the... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,082.31, up 68.82 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Up $1.44, or 16.9 per cent, to $9.98 on 63.3 million shares. RNC Minerals. (TSX:RNX). Metals. Up 12 cents, or 42.9 per cent, to 40 cents on 25.9 million shares. Aphria Inc. (TSX:APH). Health care. Down three cents, or 0.15 per cent, to... Read More

Stocks push higher in Toronto, while U.S. stock markets step lower

Stocks push higher in Toronto, while U.S. stock markets step lower
TORONTO — Canada’s main stock index climbed higher in late-morning trading, boosted by gains in the consumer staples, telecommunications and health care sectors. The S&P/TSX composite index was up 91.82 points at 16,105.31. In New York, the Dow Jones industrial average was down 29.53 points at 26,125.14. The S&P 500 index was down 11.25 points at 2,893.73, while the Nasdaq... 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: The House is back The House of Commons resumes sitting on Monday. The Trudeau government is expected to face pointed questions from the opposition on a number of fronts including its purchase of the Trans Mountain pipeline and the ongoing trade talks with the... Read More

North American stock markets end the week virtually unchanged as dollar drops

North American stock markets end the week virtually unchanged as dollar drops
TORONTO — North American stocks ended the week virtually flat on the day, with Canada’s main stock index getting a lift primarily from the volatile health-care sector which includes some of the big names in the marijuana space. The S&P/TSX composite index was up 11.78 points to 16,013.49. In New York, the Dow Jones industrial average gained 8.68 points to 26,154.67. The S&P... Read More

Transat AT vows to raise prices next summer after third-quarter losses

Transat AT vows to raise prices next summer after third-quarter losses
MONTREAL — Transat AT Inc. executives have pledged to raise prices next summer after a spike in fuel costs sent the carrier on course to its least-profitable third quarter in a decade. “The fuel increases happened very suddenly in a short time period. In those circumstances, often we are not able to pass those increases to consumers,” said chief operating officer Annick Guerard... Read More

Canadian securities regulators propose ban on certain embedded commissions

Canadian securities regulators propose ban on certain embedded commissions
TORONTO — The Canadian Securities Administrators has proposed changes that would prohibit certain embedded commissions paid to dealers in a bid to address investor protection concerns. The umbrella organization of the country’s provincial securities regulators has published a notice with its proposal, which includes banning investment fund managers from paying up-front sales commissions to dealers. The CSA has also proposed a ban on trailing... Read More

Financials and industrial stocks weigh on TSX, loonie edges higher

Financials and industrial stocks weigh on TSX, loonie edges higher
TORONTO — Financial and industrial stocks helped send Canada’s main stock index down in late-morning trading while energy stocks rose with crude prices. The S&P/TSX composite index was down 81.84 points at 16,012.41. In New York, the Dow Jones industrial average was up 13.03 points at 25,094.09. The S&P 500 index was down 4.35 points at 2,883.54, while the Nasdaq composite was... Read More

N.B. Liberal leader promises to impose pay equity on private businesses

N.B. Liberal leader promises to impose pay equity on private businesses
MONCTON, N.B. — New Brunswick Premier Brian Gallant says he would impose pay equity on the province’s large businesses if his party is re-elected. He says new pay equity measures would apply to government and other public sector groups by 2020, and to private firms with more than 50 employees by 2022. The 2020 deadline would apply to quasi-public organizations, like universities and... Read More