Verizon to end location data sales to brokers

Verizon to end location data sales to brokers
Verizon is pledging to stop selling information on phone owners’ locations to data brokers, stepping back from a business practice that has drawn criticism for endangering privacy, The Associated Press has learned. The data has allowed outside companies to pinpoint the location of wireless devices without their owners’ knowledge or consent. Verizon said that about 75 companies have been obtaining... Read More

US housing starts jumped 5 pct. in May off Midwest building

US housing starts jumped 5 pct. in May off Midwest building
WASHINGTON — A surge of construction in the Midwest drove U.S. housing starts up 5 per cent in May from the prior month. The Commerce Department says that housing starts rose to a seasonally adjusted annual rate of 1.35 million, the strongest pace since July 2007. All of May’s construction gains came from a 62 per centjump in the Midwest, while building slumped... Read More

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 (16,314.42, down 14.54 points) Prometic Life Sciences Inc. (TSX:PLI). Biotechnology. Up two cents, or 3.28 per cent, to 63 cents on 30.3 million shares. Cenovus Energy Inc. (TSX:CVE). Oil and gas. Down 24 cents, or 1.94 per cent, to $12.14 on 12.9 million shares. Bombardier Inc. (TSX:BBD.B). Aerospace, rail... Read More

Canada Goose shares up after better-than-expects results, plans three new stores

Canada Goose shares up after better-than-expects results, plans three new stores
TORONTO — Shares of Canada Goose Holdings Inc. soared nearly 20 per cent in early trading after it reported stronger-than-expected earnings and announced plans for three new stores in North America. Canada Goose shares were up $11.56 or 19.27 per cent at $71.55 in trading on the Toronto Stock Exchange after going as high as $78.30. The increase came as... Read More

Canada faces new trade test from Italy as feds battle challenges on many fronts

Canada faces new trade test from Italy as feds battle challenges on many fronts
OTTAWA — Add Italy to growing list of trade headaches facing Canada. Italy’s Agriculture Minister Gian Marco Centinaio is reported as saying Italy won’t ratify the Canada-European Union free trade accord and that he’s heard doubts about it from many of his European colleagues. The development adds to Canada’s significant trade challenges — which already include deep uncertainty surrounding the future of the North American Free Trade Agreement and hefty steel... Read More

US retail sales climb in May by the most in 6 months

US retail sales climb in May by the most in 6 months
WASHINGTON — U.S. retail sales rose by the most in six months in May, as consumers spent more at home and garden stores, gas stations and restaurants. The Commerce Department says retail sales rose 0.8 per cent last month, the largest increase since November. Excluding the volatile gas and auto categories, sales also rose 0.8 per cent. Consumers are very confident in the... Read More

Roots reports bigger Q1 loss as sales hampered by winter storm

Roots reports bigger Q1 loss as sales hampered by winter storm
TORONTO — Roots Corp. reported a loss of $5.6 million in its fiscal first quarter, an increase from the prior year, but also reported an improvement in sales. The loss amounted to 13 cents per share, compared with last year’s loss of $5.1 million, or 12 cents per share. Its adjusted net loss was $4.5 million or 11 cents per share,... Read More

DavidsTea losses more than triple in first quarter ahead of proxy battle

DavidsTea losses more than triple in first quarter ahead of proxy battle
MONTREAL — Embattled beverage retailer DavidsTea says its net loss more than tripled as sales fell six per cent in the first quarter of its fiscal year. The Montreal-based company lost $1.2 million for the period ended May 5, compared with a loss of $362,000 a year earlier. That translated into a loss of five cents per diluted share, versus... Read More

How did it come to this? A look at the events leading up to Canada vs. US battle

How did it come to this? A look at the events leading up to Canada vs. US battle
QUEBEC — The leaders of Canada and the United States are locked in an ugly, escalating public dispute over trade barriers, tariffs and how they think they world should resolve its problems. With U.S. President Donald Trump and Prime Minister Justin Trudeau at the centre of the dispute, the back and forth has intensified since just before the start of the month — when the Americans imposed... 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