DavidsTea evaluating options, including sale, just two years after going public

DavidsTea evaluating options, including sale, just two years after going public
MONTREAL — Canadian beverage retailer DavidsTea is evaluating its strategic options more than two years after it went public and soon after rival Teavana shut its doors. The Montreal-based company announced the move Thursday while reporting weaker than expected third-quarter results. DavidsTea (NASDAQ:DTEA) says its losses surged 30 per cent to $6.5 million from $5 million a year ago. That... 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 (16,015.68, up 106.90 points) Aurora Cannabis Inc. (TSX:ACB). Health care. Down 32 cents, or 4.57 per cent, to $6.68 on 21.3 million shares. Precision Drilling Corp. (TSX:PD). Oil and gas. Up five cents, or 1.48 per cent, to $3.42 on 6.1 million shares. Crescent Point Energy (TSX:CPG). Oil and gas. Up... 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 (15,908.78, down 6.90 points) Aurora Cannabis Inc. (TSX:ACB). Health care. Down 39 cents, or 5.28 per cent, to $7.00 on 14.4 million shares. Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Unchanged at $3.17 on 7.1 million shares. Lundin Mining Corp. (TSX:LUN). Miner. Down 12 cents, or 1.73 per cent, to $6.81 on 5.02 million... Read More

Report: Rogers considering sale of Blue Jays, stake in Cogeco

Report: Rogers considering sale of Blue Jays, stake in Cogeco
TORONTO — Rogers Communications Inc. (TSX:RCI.B) is reportedly considering the sale of such assets as baseball’s Toronto Blue Jays and a stake in media company Cogeco Inc. (TSX:CCA) to free up capital for other investments. But in a speech to the UBS Global Media and Communications conference Tuesday in New York, Rogers chief financial officer Tony Staffieri said no deal... Read More

‘Fairness’ rhetoric masks an income tax imbalance

‘Fairness’ rhetoric masks an income tax imbalance
Not only does the top one per cent pay a disproportionate share of Canada’s taxes, its share has increased over the past two decades By Charles Lammam and Hugh MacIntyre The Fraser Institute For months, the Trudeau government has used the term “tax fairness” to justify higher taxes on entrepreneurs and incorporated professionals. While what’s a fair distribution of taxes... Read More

CREA wants parents to assist children with home purchase with their RRSPs

CREA wants parents to assist children with home purchase with their RRSPs
VANCOUVER — The federal government should allow parents who want to help their offspring with the purchase of a home to tap into their retirement savings, says The Canadian Real Estate Association, which also wants the maximum withdrawal limit bumped up by $10,000. Extending the Home Buyers’ Plan to allow for “intergenerational RRSP loans” would ease the financial burden that... Read More

Pembina Pipeline approves construction of $260M propane export facility

Pembina Pipeline approves construction of $260M propane export facility
CALGARY — Pembina Pipeline Corp. (TSX: PPL) says its board of directors has approved construction of an export terminal at Prince Rupert, B.C., to be used to send liquefied Western Canadian propane to markets in Asia and Central America. The Calgary-based company says the project on Watson Island is expected to cost about $260 million, up from an estimate of $150 million made last spring, due to minor scope changes,... 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 (16,029.64, down 12.48 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 40 cents, or 4.85 per cent, to $7.85 on 45.5 million shares. Fortune Minerals Ltd. (TSX:FT). Miner. Up 3.5 cents, or 13.73 per cent, to 29 cents on 9.8 million shares. Aphria Inc. (TSX:APH). Healthcare. Down 59 cents, or 4.89... Read More

True North Commercial REIT to buy four Halifax properties for $53 million

True North Commercial REIT to buy four Halifax properties for $53 million
TORONTO — True North Commercial Real Estate Investment Trust says it has agreed to buy four office buildings in Halifax for about $53 million. The properties house about 27,700 square metres of rentable space with 1,277 parking stalls. True North Commercial says it will finance the deal with mortgage financing of approximately $34.5 million and cash on hand. The Toronto-based firm says the deal... Read More