Auto sales to dip in most provinces, led by Ontario’s 3.1% drop: Scotiabank

Auto sales to dip in most provinces, led by Ontario’s 3.1% drop: Scotiabank
TORONTO — Canadian sales of cars and light trucks this year are expected to dip from last year’s all-time high, mostly because of weaker economic conditions in Ontario, Scotiabank said Friday in a report. The bank’s automotive outlook projected that 2018 could end a five-year string of successive records that included 2.04 million vehicles sold in 2017 — largely fuelled by demand in Ontario as well... 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 (15,508.17, down 15.84 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up seven cents, or 1.82 per cent, to $3.92 on 9.3 million shares. Trican Well Service Ltd. (TSX:TCW). Oil and gas. Down 31 cents, or 8.96 per cent, to $3.15 on 7.9 million shares. Hydro One Ltd. Instalment... Read More

Enterprise Rent-A-Car Canada to pay $1M penalty for misleading advertisements

Enterprise Rent-A-Car Canada to pay $1M penalty for misleading advertisements
OTTAWA — The Competition Bureau has reached a consent agreement with Enterprise Rent-A-Car Canada over misleading advertisements that will see the car rental company pay a $1 million penalty. According to the bureau’s investigation, services were not available at prices advertised because Enterprise’s additional mandatory fees increased advertised prices by as much as six per cent to 48 per cent. As part of the... 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 (15,524.01, up 84.57 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down seven cents, or 1.79 per cent, to $3.85 on 16.1 million shares. Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 24 cents, or 2.19 per cent, to $10.72 on 8.8 million shares. Element Fleet Management Corp. (TSX:EFN). Financial Services. Up 35 cents, or... Read More

CN and CP say service will improve as frigid winter weather subsides

CN and CP say service will improve as frigid winter weather subsides
MONTREAL — Canada’s two largest railways vowed to improve their service levels over the coming months as they escape the grip of a tough winter that hampered their ability to transport goods. During separate presentations to a transportation conference, Canadian National Railway chief financial officer Ghislain Houle and CP Rail chief executive Keith Creel told investors that heavy snow in Western... Read More

Walmart partnering with online grocery service to bring home delivery to Vancouver

Walmart partnering with online grocery service to bring home delivery to Vancouver
VANCOUVER — Walmart Canada Corp. says it is partnering with an online grocery service to bring home delivery to Vancouver by the summer, as the brick-and-mortar retailer ramps up its effort in the country to compete with Amazon. The arrangement will see Walmart work with Vancouver-based Sustainable Produce Urban Delivery to bring its food delivery platform, Food-X Urban Delivery Inc., to... Read More

New Uber feature to force drivers to take a break after 12 straight hours

New Uber feature to force drivers to take a break after 12 straight hours
TORONTO — Uber drivers in Canada trying to work for more than 12 hours straight will soon be forced to take a six-hour break before they can hit the road again. The new policy being rolled out at the beginning of next week will be enforced through the company’s ride-hailing app, which will block drivers from accepting customers after a half a day of consecutive work. Uber Canada’s general... 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 (15,439.44, down 13.20 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up 19 cents, or 5.09 per cent, to $3.92 on 16.3 million shares. Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 83 cents, or 8.19 per cent, to $10.96 on 14.6 million shares. Canopy Growth Corp. (TSX:WEED). Healthcare. Up $3.10, or 11.70 per... Read More

Pipeline delays impose ‘demonstrable’ cost to Canada’s economy: Scotiabank

Pipeline delays impose ‘demonstrable’ cost to Canada’s economy: Scotiabank
CALGARY — Delayed oil pipeline construction is causing a steep discount for Canadian crude prices that is costing the economy roughly $15.6 billion a year, according to Scotiabank. “Pipeline approval delays have imposed clear, demonstrable and substantial economic costs on the Canadian economy,” said bank chief economist Jean-Francois Perrault in a report Tuesday. The discount, however, is expected to ease through the year... Read More

Ontario wrestles title from Quebec for most electric car sales in 2017

Ontario wrestles title from Quebec for most electric car sales in 2017
MONTREAL — More electric vehicles were sold in Ontario than any other province last year, wrestling the title from Quebec for the first time. According to data compiled by Fleet Carma, 7,477 battery and plug-in hybrid electric vehicles were sold in Canada’s most populous province. That compared to 7,194 sold in Quebec, followed by 3,270 in British Columbia. Ontario’s sales increased... Read More