Senators urge Trudeau government to overhaul tax system, cut corporate taxes

Senators urge Trudeau government to overhaul tax system, cut corporate taxes
OTTAWA — The Senate’s banking committee is urging the Trudeau government to take big steps on taxation that include introducing immediate corporate tax cuts to ease competitiveness concerns and revamping the whole tax system. In a report Tuesday, senators called on the federal Liberals to launch a royal commission on taxation with a goal of finding ways to improve the system’s efficiency, simplicity and international competitiveness. They want... Read More

TSX posts best day in six months despite pullback in cannabis shares

TSX posts best day in six months despite pullback in cannabis shares
TORONTO — Canada’s main stock index posted its best day in six months despite a pullback of cannabis stocks on the last trading session before Wednesday’s legalization. The upturn in markets was almost global, where the stock losers of the past few days outperformed led by the technology sector, said Patrick Bernes, a portfolio manager for CIBC Asset Management. The activity comes as U.S.... Read More

Bombardier on track to hit business jet delivery targets, meeting expectations

Bombardier on track to hit business jet delivery targets, meeting expectations
MONTREAL — Bombardier Inc. says it has fulfilled more than 70 per cent of its expected business aircraft deliveries for the year, as a lengthening order backlog points to growing demand for long-range planes. In the quarter ended Sept. 30, the Montreal-based company delivered 31 business jets, bringing the total to 96 so far in 2018, in line with analyst... 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 (15,409.47, down 4.82 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Up $1.36, or 9.92 per cent, to $15.07 on 44.9 million shares. Aphria Inc. (TSX:APH). Health care. Up 79 cents, or 4.13 per cent, to $19.90 on 10.8 million shares. RNC Minerals. (TSX:RNX). Metals. Up five cents, or 6.33 per cent, to 84... Read More

In New Brunswick, legalized recreational cannabis seen as green gold

In New Brunswick, legalized recreational cannabis seen as green gold
FREDERICTON — The New Brunswick government is hoping legalized cannabis will help ignite the province’s economy — but a possible change in government after a deadlocked election has created uncertainties about how the retail regime might eventually look. The Liberals under Premier Brian Gallant have seen cannabis as green gold — a chance to create production and retail jobs and rake in profits... Read More

Companies optimistic even before new continental trade pact: Bank of Canada

Companies optimistic even before new continental trade pact: Bank of Canada
OTTAWA — A new Bank of Canada poll suggests companies are optimistic about the year ahead — especially when it comes to sales growth, foreign demand and their investment plans. The quarterly survey was conducted between mid-August and mid-September — before Canada agreed to an updated North American free trade deal that has alleviated some of the economic uncertainty. The bank’s poll of senior managers from about 100 firms found that overall business... Read More

TSX ends five-day losing streak while U.S. markets make up some losses

TSX ends five-day losing streak while U.S. markets make up some losses
TORONTO — Canada’s main stock index snapped a five-day losing streak on Friday while U.S. markets made up some of the lost ground on a recovery in tech stocks. Despite a strong U.S. economy, many believe investors were spooked by the prospect of a series of interest rate hikes, said Allan Small, senior investment adviser with HollisWealth. “I think this is one huge overreaction,”... Read More

Tech stock rally helps snap losing streak as rough week ends

Tech stock rally helps snap losing streak as rough week ends
NEW YORK — Stocks rebounded Friday, clawing back some of the week’s steep losses, but the turbulent trading of the last few days left no doubt that the relative calm the markets enjoyed all summer had been shattered. Major U.S. indexes ended the week down about 4 per cent, their worst weekly loss in six months. An index measuring the... Read More

Expect ‘sold out’ signs at cannabis shops across the country, says Aphria

Expect ‘sold out’ signs at cannabis shops across the country, says Aphria
TORONTO — Licensed cannabis producer Aphria Inc. warned on Friday of product shortages in both brick-and-mortar stores and online sales portals across the country when recreational pot is legalized in a few days. There are “supply chain issues abounding everywhere with every LP,” said Aphria’s chief executive Vic Neufeld told analysts. “There will not be any complete satisfaction by any of the provincial regulators out of the box,” he... Read More