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Tuesday, July 23, 2019
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  • July 23, 2019
    Drilling forecast goes from bad to worse after slow start to summer deployments
    CALGARY — The Canadian oilfield services sector is expected to...
    Economics Energy Oil & Gas 
  • July 23, 2019
    Transat co-founder could make more than $17 million from sale to Air Canada
    MONTREAL — Transat AT Inc. chief executive Jean-Marc Eustache stands...
    Investment Stocks to Watch Transportation & Logistics 
  • July 23, 2019
    IMF sees weaker global economy but upgrades U.S. forecast; Canada unchanged
    WASHINGTON — The International Monetary Fund is downgrading its...
    Economics Politics 
Drilling forecast goes from bad to worse after slow start to summer deployments

Drilling forecast goes from bad to worse after slow start to summer deployments

July 23, 2019
Transat co-founder could make more than $17 million from sale to Air Canada

Transat co-founder could make more than $17 million from sale to Air Canada

July 23, 2019
IMF sees weaker global economy but upgrades U.S. forecast; Canada unchanged

IMF sees weaker global economy but upgrades U.S. forecast; Canada unchanged

July 23, 2019
Canada’s main stock index edges higher, Canadian dollar down

Canada’s main stock index edges higher, Canadian dollar down

July 23, 2019

Just in…

  • Drilling forecast goes from bad to worse after slow start to summer deployments
    July 23, 2019

    Drilling forecast goes from bad to worse after slow start to summer deployments

    CALGARY — The Canadian oilfield services sector is expected to continue to suffer as...
  • Transat co-founder could make more than $17 million from sale to Air Canada
    July 23, 2019

    Transat co-founder could make more than $17 million from sale to Air Canada

    MONTREAL — Transat AT Inc. chief executive Jean-Marc Eustache stands to make more...
  • IMF sees weaker global economy but upgrades U.S. forecast; Canada unchanged
    July 23, 2019

    IMF sees weaker global economy but upgrades U.S. forecast; Canada unchanged

    WASHINGTON — The International Monetary Fund is downgrading its outlook for world...
  • Canada’s main stock index edges higher, Canadian dollar down
    July 23, 2019

    Canada’s main stock index edges higher, Canadian dollar down

    TORONTO — Canada’s main stock index was up marginally Tuesday morning, with gains...
  • US home sales fall 1.7% with prices high and supply low
    July 23, 2019

    US home sales fall 1.7% with prices high and supply low

    WASHINGTON — U.S. home sales tumbled 1.7% in June, with rising prices...
  • Rogers Q2 profit up, revenue steady in wireless, internet but media declines
    July 23, 2019

    Rogers Q2 profit up, revenue steady in wireless, internet but media declines

    TORONTO — Rogers Communications Inc. says its second quarter profit was $591...
  • Boris Johnson wins race to become UK’s next prime minister
    July 23, 2019

    Boris Johnson wins race to become UK’s next prime minister

    LONDON — Brexit hardliner Boris Johnson won the contest to lead Britain’s...
  • Catalyst opposes HBC privatization bid, seeks to buy nearly 15M shares
    July 23, 2019

    Catalyst opposes HBC privatization bid, seeks to buy nearly 15M shares

    TORONTO — Investment firm Catalyst Capital Group Inc. wants to buy nearly...
  • Markets up slightly ahead of US GDP data, European central bank meeting
    July 22, 2019

    Markets up slightly ahead of US GDP data, European central bank meeting

    TORONTO — Major North American markets were relatively flat Monday while awaiting...
  • Expert warns of Huawei monopoly in North, leaving residents vulnerable to China
    July 22, 2019

    Expert warns of Huawei monopoly in North, leaving residents vulnerable to China

    Ottawa is creating conditions for the telecom giant Huawei to create a...
  • Wholesale trade falls in May, breaking five-month streak of increases
    July 22, 2019

    Wholesale trade falls in May, breaking five-month streak of increases

    OTTAWA — Statistics Canada says wholesale sales broke a five-month streak of increases...
  • Technology, energy help lift Toronto market index, U.S. stocks mixed
    July 22, 2019

    Technology, energy help lift Toronto market index, U.S. stocks mixed

    TORONTO — Information technology and energy stocks helped lift Canada’s main stock...
  • Calgary-based AltaGas selling U.S. solar, fuel cell power plants for $940M
    July 22, 2019

    Calgary-based AltaGas selling U.S. solar, fuel cell power plants for $940M

    CALGARY — AltaGas Ltd. says it is selling its portfolio of U.S....
  • CannTrust files response to Health Canada, names special committee members
    July 22, 2019

    CannTrust files response to Health Canada, names special committee members

    TORONTO — CannTrust Holdings Inc. has officially responded to Health Canada’s finding that the...
  • Aimia sues largest shareholder over alleged breach of contracted truce
    July 22, 2019

    Aimia sues largest shareholder over alleged breach of contracted truce

    MONTREAL — Aimia Inc. has filed a lawsuit against its largest shareholder...
  • Equifax to pay up to $700M in data breach settlement
    July 22, 2019

    Equifax to pay up to $700M in data breach settlement

    WASHINGTON — Equifax will pay up to $700 million to settle with...

Investment

  • Transat co-founder could make more than $17 million from sale to Air Canada
    July 23, 2019

    Transat co-founder could make more than $17 million from sale to Air Canada

    MONTREAL — Transat AT Inc. chief executive Jean-Marc Eustache stands to make more than $17 million personally from the sale of the tour operator he co-founded to Air Canada. The 71-year-old chairman’s stake in the Montreal-based company, which sits at about one per cent, adds up to more than $5.55 million at $13 a share, the purchase price settled on by Transat...
  • US home sales fall 1.7% with prices high and supply low
    July 23, 2019

    US home sales fall 1.7% with prices high and supply low

    WASHINGTON — U.S. home sales tumbled 1.7% in June, with rising prices and a scarce supply locking out many Americans from ownership. The National...
  • Rogers Q2 profit up, revenue steady in wireless, internet but media declines
    July 23, 2019

    Rogers Q2 profit up, revenue steady in wireless, internet but media declines

    TORONTO — Rogers Communications Inc. says its second quarter profit was $591 million, up 10 per cent from the comparable period last year. The Toronto-based...
  • Catalyst opposes HBC privatization bid, seeks to buy nearly 15M shares
    July 23, 2019

    Catalyst opposes HBC privatization bid, seeks to buy nearly 15M shares

    TORONTO — Investment firm Catalyst Capital Group Inc. wants to buy nearly 15 million Hudson’s Bay Co. shares in an effort to oppose a proposal to...

Cannabis

  • CannTrust files response to Health Canada, names special committee members
    July 22, 2019

    CannTrust files response to Health Canada, names special committee members

    TORONTO — CannTrust Holdings Inc. has officially responded to Health Canada’s finding that the cannabis company ran afoul...
    Cannabis Health & Wellness Stocks to Watch 
  • California pot regulators struggling with job, audit says
    July 17, 2019

    California pot regulators struggling with job, audit says

    LOS ANGELES — The agency overseeing California’s legal marijuana market has been overmatched by the job...
    Agriculture Cannabis Food & Beverage Health & Wellness 
  • Cannabis venture capital firm Canopy Rivers reports $1.8-million Q4 loss
    July 16, 2019

    Cannabis venture capital firm Canopy Rivers reports $1.8-million Q4 loss

    TORONTO — Canopy Rivers Inc. reported a loss of $1.8 million in its latest quarter compared...
    Cannabis 
  • Health Canada revokes licences of pot producer Agrima Botanicals
    July 15, 2019

    Health Canada revokes licences of pot producer Agrima Botanicals

    VANCOUVER — Cannabis producer Agrima Botanicals Corp. has had its licences revoked by Health Canada, months...
    Cannabis Health & Wellness 
  • Cannabis producer Organigram Holdings Inc. reports $10.2M third-quarter loss
    July 15, 2019

    Cannabis producer Organigram Holdings Inc. reports $10.2M third-quarter loss

    MONCTON, N.B. — Organigram Holdings Inc. reported a loss of $10.2 million in its latest quarter...
    Cannabis Retail & Ecommerce Stocks to Watch 
  • CannTrust stock falls after voluntary halt of all cannabis sales, shipments
    July 12, 2019

    CannTrust stock falls after voluntary halt of all cannabis sales, shipments

    VAUGHAN, Ont. — Shares of CannTrust Holdings Inc. fell as much as 11 per cent after...
    Cannabis Health & Wellness Stocks to Watch 

Mining

  • Barrick Gold reaches deal for Acacia Mining after raising offer for company
    July 19, 2019

    Barrick Gold reaches deal for Acacia Mining after raising offer for company

    TORONTO — Barrick Gold Corp. has reached a deal to buy the stake in Acacia Mining...
    Mining Stocks to Watch 
  • RNC Minerals CEO resigns for personal reasons effective immediately
    July 18, 2019

    RNC Minerals CEO resigns for personal reasons effective immediately

    TORONTO — RNC Minerals says its president and chief executive has resigned effective immediately for personal reasons. Mark Selby was appointed...
    Mining Stocks to Watch 
  • Cameco shares down after “disappointing” payout in arbitration ruling
    July 15, 2019

    Cameco shares down after “disappointing” payout in arbitration ruling

    SASKATOON — Uranium producer Cameco Corp.’s shares were trading down more than eight per cent Monday after...
    Mining Stocks to Watch 
  • Barrick says Tethyan Copper joint venture awarded US$5.84B in damages
    July 15, 2019

    Barrick says Tethyan Copper joint venture awarded US$5.84B in damages

    TORONTO — Barrick Gold Corp. says a joint venture it holds with Chilean miner Antofagasta plc...
    Mining Stocks to Watch 
  • Cenovus produces one billionth barrel from thermal oilsands operations
    July 11, 2019

    Cenovus produces one billionth barrel from thermal oilsands operations

    CALGARY — Cenovus Energy Inc. says its thermal oilsands operations in northern Alberta produced their one...
    Energy Mining Oil & Gas Stocks to Watch Technology 
  • Hudbay Minerals CEO Alan Hair stepping down, Peter Kukielski named interim CEO
    July 10, 2019

    Hudbay Minerals CEO Alan Hair stepping down, Peter Kukielski named interim CEO

    TORONTO — Hudbay Minerals Inc. says Alan Hair has stepped down as president and chief executive and...
    Mining Stocks to Watch 

Financial

  • Canada’s main stock index edges higher, Canadian dollar down
    July 23, 2019

    Canada’s main stock index edges higher, Canadian dollar down

    TORONTO — Canada’s main stock index was up marginally Tuesday morning, with gains coming from a number...
    Financial 
  • Markets up slightly ahead of US GDP data, European central bank meeting
    July 22, 2019

    Markets up slightly ahead of US GDP data, European central bank meeting

    TORONTO — Major North American markets were relatively flat Monday while awaiting a trifecta of news...
    Financial 
  • Technology, energy help lift Toronto market index, U.S. stocks mixed
    July 22, 2019

    Technology, energy help lift Toronto market index, U.S. stocks mixed

    TORONTO — Information technology and energy stocks helped lift Canada’s main stock index in late-morning trading,...
    Financial 
  • SNC-Lavalin books $2B charge, warns on forecast, announces reorganization
    July 22, 2019

    SNC-Lavalin books $2B charge, warns on forecast, announces reorganization

    MONTREAL — SNC-Lavalin Group Inc. warns its 2019 results could be significantly lower than anticipated, largely due to...
    Financial Industry Politics 
  • Five things to watch for in the Canadian business world in the coming week
    July 21, 2019

    Five things to watch for in the Canadian business world in the coming week

    TORONTO — Five things to watch for in the Canadian business world in the coming week:...
    Financial 
  • Materials sector helps lift Toronto stock market, loonie edges lower
    July 19, 2019

    Materials sector helps lift Toronto stock market, loonie edges lower

    TORONTO — Gains in the materials sector helped boost Canada’s main stock index higher in late-morning...
    Financial 

Economics

  • Drilling forecast goes from bad to worse after slow start to summer deployments
    July 23, 2019

    Drilling forecast goes from bad to worse after slow start to summer deployments

    CALGARY — The Canadian oilfield services sector is expected to continue to suffer as it enters the summer...
    Economics Energy Oil & Gas 
  • IMF sees weaker global economy but upgrades U.S. forecast; Canada unchanged
    July 23, 2019

    IMF sees weaker global economy but upgrades U.S. forecast; Canada unchanged

    WASHINGTON — The International Monetary Fund is downgrading its outlook for world economic growth because of simmering...
    Economics Politics 
  • B.C. posts $1.5B surplus as tax revenue increases and real estate market cools
    July 18, 2019

    B.C. posts $1.5B surplus as tax revenue increases and real estate market cools

    VICTORIA — The British Columbia government ended its fiscal year in an operating surplus of $1.5 billion...
    Economics Energy Real Estate 
  • Powell says financial crisis accelerated economic changes
    July 17, 2019

    Powell says financial crisis accelerated economic changes

    WASHINGTON — Federal Reserve Chairman Jerome Powell said Tuesday that the 2008 financial crisis accelerated major...
    Economics 
  • Lower gas prices slow annual inflation rate to Bank of Canada’s 2% bull’s-eye
    July 17, 2019

    Lower gas prices slow annual inflation rate to Bank of Canada’s 2% bull’s-eye

    OTTAWA — Canada’s price picture softened to two per cent last month following a sharp drop...
    Economics Energy Oil & Gas 
  • Alberta economy doing better than expected in June forecast, TD economists note
    July 16, 2019

    Alberta economy doing better than expected in June forecast, TD economists note

    CALGARY — Economists at TD Bank say they are looking at upgrading their Alberta growth expectations...
    Economics Energy Oil & Gas Retail & Ecommerce 

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Stocks to Watch

  • Transat co-founder could make more than $17 million from sale to Air Canada
    July 23, 2019

    Transat co-founder could make more than $17 million from sale to Air Canada

    MONTREAL — Transat AT Inc. chief executive Jean-Marc Eustache stands to make more than $17 million personally from...
  • Rogers Q2 profit up, revenue steady in wireless, internet but media declines
    July 23, 2019

    Rogers Q2 profit up, revenue steady in wireless, internet but media declines

    TORONTO — Rogers Communications Inc. says its second quarter profit was $591 million, up 10 per...
  • Catalyst opposes HBC privatization bid, seeks to buy nearly 15M shares
    July 23, 2019

    Catalyst opposes HBC privatization bid, seeks to buy nearly 15M shares

    TORONTO — Investment firm Catalyst Capital Group Inc. wants to buy nearly 15 million Hudson’s Bay Co. shares...
  • Calgary-based AltaGas selling U.S. solar, fuel cell power plants for $940M
    July 22, 2019

    Calgary-based AltaGas selling U.S. solar, fuel cell power plants for $940M

    CALGARY — AltaGas Ltd. says it is selling its portfolio of U.S. distributed electricity assets held by...
  • CannTrust files response to Health Canada, names special committee members
    July 22, 2019

    CannTrust files response to Health Canada, names special committee members

    TORONTO — CannTrust Holdings Inc. has officially responded to Health Canada’s finding that the cannabis company ran afoul...
  • Aimia sues largest shareholder over alleged breach of contracted truce
    July 22, 2019

    Aimia sues largest shareholder over alleged breach of contracted truce

    MONTREAL — Aimia Inc. has filed a lawsuit against its largest shareholder that accuses the dissident investor of...

Technology

  • July 23, 2019

    Rogers Q2 profit up, revenue steady in wireless, internet but media declines

  • July 22, 2019

    Expert warns of Huawei monopoly in North, leaving residents vulnerable to China

    Ottawa is creating conditions for the telecom giant Huawei to create a monopoly on high-speed internet...
  • July 18, 2019

    EU fines chipmaker Qualcomm for ‘predatory pricing’

    BRUSSELS — In yet another European Union move against a U.S. tech giant, the bloc’s antitrust...
  • July 17, 2019

    Users of popular FaceApp should be wary of terms of use, experts say

    TORONTO — A social media flood of pictures of computer-aged celebrities, including Drake and Stephen Colbert, has boosted the popularity of the “FaceApp Challenge,” but also has privacy...
  • July 17, 2019

    Aimia sues former president over trade secrets allegedly emailed to his father

    MONTREAL — Aimia Inc. is suing its former president in a U.S. court after Nathaniel Felsher...
  • July 17, 2019

    Rogers to open lab in Waterloo Region to develop commercial uses for 5G networks

    WATERLOO, Ont. — Rogers Communications Inc. says it will open a new innovation lab in Waterloo, Ont.,...
  • July 14, 2019

    China’s economy growth cools further amid US tariff war

    BEIJING — China’s economic growth slowed to its lowest level in a decade in the quarter...
  • July 13, 2019

    Facebook faces a $5B FTC fine, the largest ever in tech

    At $5 billion, the fine the FTC is about to levy on Facebook is by far...
  • July 12, 2019

    Aspen Tech buys Montreal-based AI company Mnubo Inc. for $102 million

    Montreal-based tech firm Mnubo Inc. has been snapped up by Aspen Technology Inc. for $102 million....
  • July 12, 2019

    S. Korea proposes UN probe over Japanese sanctions claims

    SEOUL, Korea, Republic Of — South Korea said Friday it wants an investigation by the United...

Oil & Gas

  • July 23, 2019

    Drilling forecast goes from bad to worse after slow start to summer deployments

  • July 22, 2019

    Calgary-based AltaGas selling U.S. solar, fuel cell power plants for $940M

    CALGARY — AltaGas Ltd. says it is selling its portfolio of U.S. distributed electricity assets held by...
  • July 18, 2019

    Hibernia suspends oil production after 12,000-litre spill off Newfoundland

    ST. JOHN’S, N.L. — Oil production is temporarily shut down on the Hibernia oil platform off...
  • July 18, 2019

    Alberta oil and gas producer cleanup cost estimates set too low, says coalition

    CALGARY — The Alberta Liabilities Disclosure Project says the province’s largest oil and gas companies are underestimating...
  • July 17, 2019

    Kinder Morgan Canada income falls despite rise in pipeline and terminals revenue

    CALGARY — Kinder Morgan Canada Ltd. is reporting second-quarter income from continuing operations of $21.6 million,...
  • July 17, 2019

    Natural gas producers demand government action in open letter to Kenney

    CALGARY — The CEOs of nine Alberta natural gas producers have released an open letter to...
  • July 17, 2019

    North American stocks down in late-morning trading, loonie edges lower

    TORONTO — Canada’s main stock index edged lower in late-morning trading, weighed down by losses in...
  • July 17, 2019

    Lower gas prices slow annual inflation rate to Bank of Canada’s 2% bull’s-eye

    OTTAWA — Canada’s price picture softened to two per cent last month following a sharp drop...
  • July 16, 2019

    FortisBC signs term contract to send LNG by shipping container to Chinese client

    FortisBC says it has signed its first term contract to send liquefied natural gas shipments to China from...
  • July 16, 2019

    Alberta economy doing better than expected in June forecast, TD economists note

    CALGARY — Economists at TD Bank say they are looking at upgrading their Alberta growth expectations...

Real Estate

  • July 23, 2019

    US home sales fall 1.7% with prices high and supply low

  • July 23, 2019

    Catalyst opposes HBC privatization bid, seeks to buy nearly 15M shares

    TORONTO — Investment firm Catalyst Capital Group Inc. wants to buy nearly 15 million Hudson’s Bay Co. shares...
  • July 19, 2019

    Bank of Canada lowers qualifying rate used in mortgage stress tests

    OTTAWA — The Bank of Canada has lowered the rate used by mortgage stress tests to...
  • July 18, 2019

    B.C. posts $1.5B surplus as tax revenue increases and real estate market cools

    VICTORIA — The British Columbia government ended its fiscal year in an operating surplus of $1.5 billion...
  • July 18, 2019

    Ontario Real Estate Association calls on Ottawa for relaxed mortgage rules

    TORONTO — The Ontario Real Estate Association is calling for less stringent mortgage rules in a...
  • July 17, 2019

    Rogers to open lab in Waterloo Region to develop commercial uses for 5G networks

    WATERLOO, Ont. — Rogers Communications Inc. says it will open a new innovation lab in Waterloo, Ont.,...
  • July 16, 2019

    Alternative lenders increase share of slowing Canadian mortgage market: CMHC

    OTTAWA — A new report from the Canada Mortgage and Housing Corporation suggests more people are turning...
  • July 15, 2019

    Home sales edged up 0.3 per cent in June, Toronto and Montreal make gains

    OTTAWA — The Canadian Real Estate Association says home sales in June edged higher compared with...
  • July 14, 2019

    China’s economy growth cools further amid US tariff war

    BEIJING — China’s economic growth slowed to its lowest level in a decade in the quarter...
  • July 12, 2019

    Toronto stock market falls as Canadian dollar hits nine-month high

    TORONTO — While U.S. markets set record highs, Canada’s main stock index ended the week lower as...

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