Day: June 14, 2018

Most actively traded companies on the TSX

Editor
Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,328.96, up 63.14 points) Nemaska Lithium Inc. (TSX:NMX). Miner. Down three cents, or 3.09 per cent, to 94 cents on 5.04 million shares. Katanga Mining Ltd. (TSX:KAT). Miner. Down nine cents, or 6.67 per cent, to $1.26 on 4.8 million shares. Yamana Gold Inc. (TSX:YRI). Miner. Up 22 cents,... Read More

Transat: difficult to offset higher fuel prices with higher fares for customers

Editor
Transat: difficult to offset higher fuel prices with higher fares for customers
MONTREAL — Transat AT Inc. expects to have a more difficult summer season than last year as a result of a sudden increase in jet fuel prices since April and limited ability to pass along the cost to customers, senior executives told analysts Thursday. Annick Guerard, the travel company’s chief operating officer, said on a conference call that “we see most of the... Read More

Crude-by-rail exports hit three-year high as Canadian oil discounts rise

Editor
Crude-by-rail exports hit three-year high as Canadian oil discounts rise
CALGARY — Railway exports of crude oil from Western Canada are starting to increase, a welcome sign for producers who were forced to accept bigger price discounts and, in some cases, curtail production, as export pipelines filled to near capacity earlier this year. Crude-by-rail exports to the United States jumped to a three-year high in March of just over 170,000 barrels per day, the highest... Read More

Canada faces new trade test from Italy as feds battle challenges on many fronts

Editor
Canada faces new trade test from Italy as feds battle challenges on many fronts
OTTAWA — Add Italy to growing list of trade headaches facing Canada. Italy’s Agriculture Minister Gian Marco Centinaio is reported as saying Italy won’t ratify the Canada-European Union free trade accord and that he’s heard doubts about it from many of his European colleagues. The development adds to Canada’s significant trade challenges — which already include deep uncertainty surrounding the future of the North American Free Trade Agreement and hefty steel... Read More

Rogers cutting one-third of digital content and publishing team, about 75 jobs

Editor
Rogers cutting one-third of digital content and publishing team, about 75 jobs
TORONTO — Rogers Communications is cutting the size of its digital content and publishing team by about one-third. The Toronto-based company says about 75 full-time employees have been laid off, reducing the size of that team to about 150 people. Rogers says the job cuts reflects the “headwinds” faced by its industry, which has been dealing with a years-long change... Read More

Supreme Court will not hear drug testing appeal involving oilsands workers

Editor
Supreme Court will not hear drug testing appeal involving oilsands workers
OTTAWA — The Supreme Court of Canada will not hear a union’s appeal of a key ruling about random drug testing at Suncor Energy’s oilsands operations in northeast Alberta. Suncor began testing staff in safety-sensitive jobs six years ago, prompting Unifor — which represents some 3,000 workers at the site — to file a grievance claiming the tests infringe privacy. An arbitration tribunal... Read More

Husky wants to build Saskatchewan oil pipeline, replace one that leaked in 2016

Editor
Husky wants to build Saskatchewan oil pipeline, replace one that leaked in 2016
PRINCE ALBERT, Sask. — The company behind the 2016 oil spill that fouled the North Saskatchewan River and threatened the water supply of Prince Albert and other communities wants to build new pipelines to replace the structure that leaked. Husky Energy held an open house Wednesday in Prince Albert to discuss its proposal. Calgary-based Husky says its plan calls for... Read More

Union at Halifax shipyard building Royal Canadian Navy ships gives strike notice

Editor
Union at Halifax shipyard building Royal Canadian Navy ships gives strike notice
HALIFAX — The union at the Halifax shipyard where some of the Royal Canadian Navy’s new ships are being built has given 48-hour strike notice, with picket lines expected to go up Saturday morning. A news release issued late Wednesday by Unifor says a strong majority of the unionized employees at Irving’s Halifax Shipyard have rejected a tentative contract. Unifor Marine... Read More

US retail sales climb in May by the most in 6 months

Editor
US retail sales climb in May by the most in 6 months
WASHINGTON — U.S. retail sales rose by the most in six months in May, as consumers spent more at home and garden stores, gas stations and restaurants. The Commerce Department says retail sales rose 0.8 per cent last month, the largest increase since November. Excluding the volatile gas and auto categories, sales also rose 0.8 per cent. Consumers are very confident in the... Read More