Pace of new housing construction slows in May, as multi-unit projects slide

Pace of new housing construction slows in May, as multi-unit projects slide
OTTAWA — Canada Mortgage and Housing Corp. says the pace of new housing construction slowed in May, largely because of a 16.4 per cent decline in multi-unit projects in urban areas after several months of above-average activity. The federal agency says the seasonally adjusted rate of housing starts for all of Canada was 195,613 units in May, down from 216,775... Read More

Dollarama’s first-quarter profit rises 7.3% to $101.6 million on higher sales

Dollarama’s first-quarter profit rises 7.3% to $101.6 million on higher sales
MONTREAL — Dollarama Inc. says its first-quarter profit increased to $101.6 million from $94.7 million last year, mainly as a result of increased sales and cost controls. The Montreal-based company’s net income amounted to 92 cents per diluted share, up from 82 cents per share in last year’s fiscal first quarter. Sales for the 13 weeks ended April 29 were $756.1... Read More

Aphria raising $225 million for expansions, facilities, possible acquisitions

Aphria raising $225 million for expansions, facilities, possible acquisitions
LEAMINGTON, Ont. — Aphria Inc. says it’s raising $225 million to pay for new and expanded cannabis facilities in Canada, as well as potential global expansion and acquisitions. The Leamington, Ont.-based cannabis producer says some of the funds will go towards a new $55 million extraction facility that will use a variety of methods to produce concentrated cannabis products like oils. The company says... Read More

Laurentian Bank reports second-quarter profit up, raises dividend

Laurentian Bank reports second-quarter profit up, raises dividend
MONTREAL — Laurentian Bank Financial Group raised its quarterly dividend as its second-quarter profit beat expectations. The bank said Friday it will now pay a quarterly dividend of 64 cents per share, up a penny from its previous rate. The increase came as Laurentian said it earned $55.9 million attributable to common shareholders or $1.34 per share for the quarter ended... Read More

BRP shares hit all-time high on record first quarter results and raised outlook

BRP shares hit all-time high on record first quarter results and raised outlook
VALCOURT, Que. — Recreational vehicle maker BRP Inc. shares hit an all-time high Thursday after it posted record results in the first quarter that prompted it to boost the outlook for the coming fiscal year. The Quebec-based company’s shares rose more than seven per cent to $61.10 in morning trading on the Toronto Stock Exchange. The company that makes snow machines, Sea-Doos, Can-Am off-road... 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 (16,048.66, up 126.05 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up 22 cents, or 4.73 per cent, to $4.87 on 17.03 million shares. Neovasc Inc. (TSX:NVC). Medical devices. Unchanged at 4.5 cents on 6.1 million shares. Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 17 cents, or 3.15 per cent, to... Read More

Bank of Montreal reports $1.25B Q2 profit, raises quarterly dividend

Bank of Montreal reports $1.25B Q2 profit, raises quarterly dividend
TORONTO — Bank of Montreal raised its quarterly dividend as it reported a second-quarter profit of $1.25 billion. The bank says it will now pay a quarterly dividend of 96 cents per share, up three cents from 93 cents in its previous quarter. BMO reported its second-quarter profit amounted to $1.86 per share compared with a profit of $1.25 billion or... 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 (15,922.61, down 93.53 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up nine cents, or 1.97 per cent, to $4.65 on 9.3 million shares. Kinder Morgan Canada Ltd. (TSX:KML). Oil and gas. Down 49 cents, or 2.95 per cent, to $16.10 on 6.2 million shares. The federal government announced a deal to buy... 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 (16,016.14, down 59.53 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up 19 cents, or 4.35 per cent, to $4.56 on 6.6 million shares. The company says Air Baltic Corp. has signed a deal to buy 30 CS300 aircraft with options and purchase rights for 30 more. Based on the... Read More