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 (15,922.61, down 93.53 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up nine cents, or 1.97 per cent, to $4.65 on 9.3 million shares. Kinder Morgan Canada Ltd. (TSX:KML). Oil and gas. Down 49 cents, or 2.95 per cent, to $16.10 on 6.2 million shares. The federal government announced a deal to buy... Read More

Simons takes on outside investors as it looks to build new distribution centre

Simons takes on outside investors as it looks to build new distribution centre
QUEBEC — Department store operator Simons is taking on outside investors for the first time as it looks to build a new $215-million distribution centre in Quebec City to better compete in the retail market. The Caisse de depot et placement du Quebec, the province’s pension-fund manager, is investing $27 million, while Investissement Quebec — the provincial government’s investment arm — is putting $17 million... Read More

Karim Baratov sentenced to five years for major Yahoo security breach

Karim Baratov sentenced to five years for major Yahoo security breach
SAN FRANCISCO — A Canadian young computer hacker who American investigators say unwittingly worked for Russian spies was sentenced to five years in prison Tuesday for his role in a massive security breach at Yahoo that U.S. federal agents say was directed by a Russian intelligence agency. U.S. Judge Vince Chhabria also fined Karim Baratov $250,000 during a sentencing hearing in... Read More

New Brunswick premier off to Toronto to court more cybersecurity jobs

New Brunswick premier off to Toronto to court more cybersecurity jobs
FREDERICTON — New Brunswick Premier Brian Gallant is off to Toronto this week in an effort to attract more cybersecurity jobs to his province. Gallant will meet with officials of Siemens, who are looking for a location to build a “global centre of confidence” in cybersecurity. “Obviously we believe that we have the assets and a cluster that is second... Read More

Kinder Morgan Canada shares tick higher after deal to sell Trans Mountain

Kinder Morgan Canada shares tick higher after deal to sell Trans Mountain
CALGARY — Kinder Morgan Canada Ltd.’s shares traded higher after the federal government announced it would buy its controversial Trans Mountain pipeline for $4.5 billion. The shares were up 47 cents or about three per cent at $17.06 in early trading on the Toronto Stock Exchange after going as high as $18. The company’s stock had been halted prior to the... Read More

Freeland kicks off two-day Washington visit with meetings at USTR

Freeland kicks off two-day Washington visit with meetings at USTR
WASHINGTON — Foreign Affairs Minister Chrystia Freeland is kicking off her two-day visit to Washington with meetings at the office of the U.S. trade representative, site of intensive NAFTA talks over the last several weeks. Officials familiar with the closed-door discussions say the Mexican contingent is not represented at this morning’s meeting. Prime Minister Justin Trudeau has been talking by phone with... Read More

Federal government spending $4.5B to buy Trans Mountain pipeline, B.C. terminal

Federal government spending $4.5B to buy Trans Mountain pipeline, B.C. terminal
OTTAWA — The federal Liberal government is spending $4.5 billion to buy Trans Mountain and all of Kinder Morgan Canada’s core assets, Finance Minister Bill Morneau said Tuesday as he unveiled the government’s long-awaited, big-budget strategy to save the plan to expand the oilsands pipeline. In return, Kinder Morgan will go ahead with its original plan to twin the pipeline... Read More