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 (16,511.79, up 8.44 points). Encana Corp. (TSX:ECA). Energy. Down 13 cents, or 1.98 per cent, to $6.42 on 6.2 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down seven cents, or 3.1 per cent, to $2.19 on 6.2 million shares. Barrick Gold Corp. (TSX:ABX). Materials. Down two... Read More

Shopify to open U.S. fulfilment centres as part of expanded offerings

Shopify to open U.S. fulfilment centres as part of expanded offerings
TORONTO — Shopify Inc. has launched a network of fulfilment centres in the United States to expand its suite of offerings for merchants in the competitive world of online retail. The network will allow merchants large and small to gain access to advanced logistics technology and simplified warehousing and shipping, chief product officer Craig Miller said. “We’ve taken something that used to... Read More

Who said what about the Liberals’ decision to go ahead with Trans Mountain

Who said what about the Liberals’ decision to go ahead with Trans Mountain
OTTAWA — There was swift reaction Tuesday to the decision by the Trudeau Liberals to give the go-ahead to the Trans Mountain oil pipeline expansion. Here is what federal, provincial and Indigenous leaders, as well various groups had to say: “Fundamentally, this isn’t a choice between producing more conventional energy or less. It’s a choice about where we can sell it... Read More

Oil and gas sector cautious as clock ticks down to Trans Mountain decision

Oil and gas sector cautious as clock ticks down to Trans Mountain decision
CALGARY — Observers on the front lines of Western Canada’s oil and gas sector are looking forward to what’s widely expected to be approval of the Trans Mountain pipeline expansion on Tuesday while acknowledging the decision by Ottawa won’t solve all problems. CEO Clayton Byrt of Pimee Well Servicing LP, a service rig company owned by six northern Alberta First... Read More

Aerospace industry at risk of further decline, says report by Jean Charest

Aerospace industry at risk of further decline, says report by Jean Charest
MONTREAL — A new industry report says the aerospace industry is at risk of being overtaken by foreign rivals if government doesn’t work with the sector. New funding commitments, Canada-first defence procurement and fresh talent amid a labour crunch are key to staunching the decline, according to the Aerospace Industries Association of Canada report, authored by former Quebec premier Jean Charest.... Read More

CEO: Boeing made mistake in handling warning-system problem

CEO: Boeing made mistake in handling warning-system problem
PARIS — The chief executive of Boeing said the company made a “mistake” in handling a problematic cockpit warning system in its 737 Max jets before two crashes killed 346 people, and he promised transparency as the aircraft maker works to get the grounded plane back in flight. Speaking before the industry-wide Paris Air Show, Boeing CEO Dennis Muilenburg told... Read More

Quebec developer makes formal buyout offer to Transat, outbidding Air Canada

Quebec developer makes formal buyout offer to Transat, outbidding Air Canada
MONTREAL — A Quebec developer who promised a takeover proposal for Transat AT Inc. has made good on his word, outbidding Air Canada in the process. Vincent Chiara of Group Mach Inc. filed a formal offer with the tour operator Thursday. The Montreal real estate heavyweight says he has proposed to acquire all of Transat’s voting shares for $14 each or $527.6... Read More

Broadcom shares fall as chipmaker warns on trade war impact

Broadcom shares fall as chipmaker warns on trade war impact
NEW YORK — Chipmakers suffered broad declines Friday after Broadcom warned that its business is being hurt by the U.S. trade dispute with China, including the Trump administration’s efforts to curb sales to the Chinese telecom giant Huawei. After the market closed on Thursday, Broadcom reduced its 2019 revenue forecast by $2 billion, saying customers are trimming orders because of... Read More

Tankers targeted near Strait of Hormuz amid Iran-US tensions

Tankers targeted near Strait of Hormuz amid Iran-US tensions
DUBAI, United Arab Emirates — Two oil tankers near the strategic Strait of Hormuz were damaged in suspected attacks on Thursday, leaving one ablaze and the other adrift and forcing sailors to evacuate in the latest mysterious incident involving tankers amid heightened tensions between the U.S and Iran. The U.S. Navy, which rushed in to assist the stricken vessels, and... Read More

$1.6B pipeline proposed to move North Dakota crude oil

$1.6B pipeline proposed to move North Dakota crude oil
BISMARCK, N.D. — Two companies are proposing a $1.6 billion pipeline to move North Dakota crude oil, making it the biggest such project to move oil out of the state since the Dakota Access pipeline that sparked violent clashes between protesters and law enforcement in 2016 and 2017. Houston-based Phillips 66 and Casper, Wyoming-based Bridger Pipeline announced the joint venture... Read More