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 (15,452.64, up 44.98 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up seven cents, or 1.91 per cent, to $3.73 on 17 million shares. Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 72 cents, or 6.64 per cent, to $10.13 on 12.9 million shares. Cenovus Energy Inc. (TSX:CVE). Oil and gas. Up five cents,... Read More

Canada won’t act in ‘impulsive way’ in response to U.S. tax cuts: Morneau

Canada won’t act in ‘impulsive way’ in response to U.S. tax cuts: Morneau
TORONTO — The Liberal government will not “act in an impulsive way” in response to U.S. corporate tax cuts that economists say pose a threat to Canada’s competitiveness, the federal finance minister said after a pre-budget meeting Friday. Bill Morneau said the government is conducting careful analysis in connection with U.S. President Donald Trump’s sweeping tax reforms, which cut the... Read More

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

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: Bread battle fallout Loblaw Co. Ltd. releases fourth-quarter and year-end results on Thursday. The grocery giant rocked the food retail industry in December when it admitted to participating in an alleged price-fixing conspiracy. Loblaw and George Weston Ltd. were granted immunity from prosecution by... Read More

Air Canada revenue, adjusted earnings above analyst estimates in Q4

Air Canada revenue, adjusted earnings above analyst estimates in Q4
MONTREAL — Air Canada’s fourth-quarter revenue and adjusted earnings came in ahead of analyst estimates, as the Montreal-based airline posted record-high annual revenue for 2017. Its adjusted net income was $61 million, or 22 cents per share for the quarter — ahead of analyst estimates of 14 cents per share, according to Thomson Reuters data. The airline’s operating revenue was $3.82... Read More

December’s manufacturing sales slip from November’s record high: StatCan

December’s manufacturing sales slip from November’s record high: StatCan
OTTAWA — Canada’s manufacturing sales in December were $55.5 billion, which was down 0.3 per cent from a revised record high for November, Statistics Canada reported Friday. “The surge in November, related to a rebound in automotive shipments after the October shutdowns, was not expected to continue through the year-end,” TD economist Michael Dolega wrote Friday. Nevertheless, he said December was “still somewhat... Read More

Enbridge Q4 hit by special items but adjusted earnings above estimates

Enbridge Q4 hit by special items but adjusted earnings above estimates
CALGARY — Enbridge Inc. said Friday that it hit record oil shipping volumes in December as rising Western Canada production filled up the extra capacity the company has been adding to its system. The increased volumes helped push Enbridge to an adjusted net income of $1.01 billion or 61 cents per common share, beating out analyst expectations of 56 cents per share of adjusted earnings according to data from... Read More