Competition heating up for price-sensitive passengers as Swoop set to launch

Competition heating up for price-sensitive passengers as Swoop set to launch
MONTREAL — Competition is heating up for Canada’s most price-sensitive travellers as WestJet Airlines gears up to launch the country’s second ultra-low cost airline Wednesday. Swoop, an offshoot of WestJet Airlines, will make its maiden flight on its pink and white aircraft before the sun rises in Hamilton, Ont. on a trip to Abbotsford, B.C. “From my perspective coming into this fresh — I’ve been in... Read More

Canada can end dairy trade dispute with U.S. by ending pricing irritant: Saputo

Canada can end dairy trade dispute with U.S. by ending pricing irritant: Saputo
MONTREAL — Canada can preserve its dairy supply management system and resolve its trade dispute with the United States over dairy subsidies by ending its domestic milk ingredient pricing system, the head of Canada’s largest dairy processor said Monday. Despite U.S. President Donald Trump’s tweets denouncing Canada’s supply management system, dairy farmers across the border aren’t petitioning to get rid of... Read More

Audi CEO detained in diesel emissions case

Audi CEO detained in diesel emissions case
BERLIN — German authorities on Monday detained the chief executive of Volkswagen’s Audi division, Rupert Stadler, as part of a probe into manipulation of emissions controls. The move follows a search last week of Stadler’s private residence, ordered by Munich prosecutors investigating the manager on suspicion of fraud and indirect improprieties with documents. “Audi CEO Rupert Stadler was provisionally arrested... Read More

Baytex Energy and Raging River Exploration sign merger deal

Baytex Energy and Raging River Exploration sign merger deal
CALGARY — Baytex Energy Corp. and Raging River Exploration Inc. have signed a deal to merge operations. The combined company, which will operate under the Baytex name, is expected to have production of approximately 94,000 barrels of oil equivalent per day from a diverse portfolio of oil assets that includes the Viking, Peace River, Lloydminster and East Duvernay Shale regions... Read More

Arizona Mining shares up on takeover offer by Australian company South32

Arizona Mining shares up on takeover offer by Australian company South32
VANCOUVER — Shares of Arizona Mining Inc. soared in early trading after the company announced a deal to be acquired by Australian company South32 Ltd. that valued the company at about $2.1 billion. Under the deal, South32, which already holds a 17 per cent stake in the company, has agreed to pay $6.20 per share for the shares it does not... 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

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 (16,328.96, up 63.14 points) Nemaska Lithium Inc. (TSX:NMX). Miner. Down three cents, or 3.09 per cent, to 94 cents on 5.04 million shares. Katanga Mining Ltd. (TSX:KAT). Miner. Down nine cents, or 6.67 per cent, to $1.26 on 4.8 million shares. Yamana Gold Inc. (TSX:YRI). Miner. Up 22 cents,... Read More

Transat: difficult to offset higher fuel prices with higher fares for customers

Transat: difficult to offset higher fuel prices with higher fares for customers
MONTREAL — Transat AT Inc. expects to have a more difficult summer season than last year as a result of a sudden increase in jet fuel prices since April and limited ability to pass along the cost to customers, senior executives told analysts Thursday. Annick Guerard, the travel company’s chief operating officer, said on a conference call that “we see most of the... Read More

Crude-by-rail exports hit three-year high as Canadian oil discounts rise

Crude-by-rail exports hit three-year high as Canadian oil discounts rise
CALGARY — Railway exports of crude oil from Western Canada are starting to increase, a welcome sign for producers who were forced to accept bigger price discounts and, in some cases, curtail production, as export pipelines filled to near capacity earlier this year. Crude-by-rail exports to the United States jumped to a three-year high in March of just over 170,000 barrels per day, the highest... Read More