Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,417.32, down 131.40 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up three cents, or 0.56 per cent, to $5.43 on 14.3 million shares. JetBlue Airways Corp. ordered 60 of the Airbus A220-300 aircraft, formerly named C Series, for delivery starting in 2020 with the option of another 60 starting... Read More

B.C. signs agreements with licensed producers to supply legal marijuana

B.C. signs agreements with licensed producers to supply legal marijuana
VANCOUVER — British Columbia has signed agreements with licensed producers to supply recreational marijuana after legalization this fall, and boasts its stash will feature an “exclusive and competitive” assortment of pot products. The Liquor Distribution Branch, which will be the only wholesaler of cannabis in the province, has entered into memorandums of understanding with 31 producers that responded to its request for information process.... Read More

Stampede spirit boosts attendance but Calgary economy still in recovery mode

Stampede spirit boosts attendance but Calgary economy still in recovery mode
Calgary’s economy is looking good as Stampede spirit grips Canada’s oil and gas headquarters city — although not quite as good as it was a few years ago. The annual outdoor event set an attendance record for its parade day last Friday and cumulative attendance through Tuesday is second only to the overall record set in 2012 when the Stampede celebrated its 100th anniversary. Ben Gerwing, president of manufacturer... Read More

Central bank hikes rate, says tariffs already in place to have modest impact

Central bank hikes rate, says tariffs already in place to have modest impact
OTTAWA — The Bank of Canada raised its benchmark interest rate Wednesday in an economy that it predicts will remain resilient even as it faces an even bigger bite from deepening trade tensions. The rate hike was the central bank’s first interest rate move in six months and lifted the trend-setting rate to 1.5 per cent, up from 1.25 per cent. It was the bank’s fourth rate increase over... Read More

CN Rail to spent $315M to upgrade Ontario operations

CN Rail to spent $315M to upgrade Ontario operations
TORONTO — CN Rail says it plans to invest about $315 million in Ontario this year to expand and strengthen the company’s rail network across the province. The company says planned projects include upgrades at CN’s intermodal terminal in Brampton northwest of Toronto — the company’s largest such facility — and the construction of a new train passing siding east... Read More

Tim Hortons signs franchise agreement with Cartesian Capital to expand to China

Tim Hortons signs franchise agreement with Cartesian Capital to expand to China
OAKVILLE, Ont. — Tim Hortons has signed an agreement with a private equity firm to expand in China. Under the exclusive master franchise joint venture agreement announced Wednesday, Cartesian Capital Group will develop and open more than 1,500 Tim Hortons restaurants in China over the next 10 years. Financial terms of the agreement were not immediately available. Tim Hortons president... Read More