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 (16,420.76, up 30.63 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 17 cents, or 2.39 per cent, to $6.94 on 10.9 million shares. Aimia Inc. (TSX:AIM). Loyalty programs. Up 89 cents, or 35.60 per cent, to $3.39 on 8.6 million shares. A group led by Air Canada (TSX:AC. Airline.... Read More

Toromont stock soars, hits record high after Q2 results surpass estimates

Toromont stock soars, hits record high after Q2 results surpass estimates
TORONTO — Toromont Industries Ltd. stock soared to an all-time high Wednesday, a day after the Caterpillar equipment distributor beat analysts estimates with a 67 per cent increase in second-quarter profit. Its shares were up nearly 13 per cent at $64.95 during mid-afternoon trading Wednesday. Earlier, they hit a record intra-day high of $65.05, according to records going back 20 years. The Toronto-based company... Read More

B.C. property buyers must give more details in measure aimed at tax evasion

B.C. property buyers must give more details in measure aimed at tax evasion
VICTORIA — The British Columbia government is closing a loophole in an effort to avoid tax evasion in real estate. It says buyers, including real estate speculators, will have to disclose more complete information when they purchase a property through a corporation or trust. Starting Sept. 17, the new property transfer tax will require people to report additional information, including their name, citizenship and social... Read More

MEG Energy director resigns, accuses board of failing its shareholders

MEG Energy director resigns, accuses board of failing its shareholders
A director representing a major shareholder in oilsands producer MEG Energy Corp. says he has resigned because the board is failing to put the interests of the company first. Daniel Farb, a managing director of Boston-based Highfields Capital Management, says positive changes made while he was on the board over the past eight months included selling the company’s stake in a pipeline and... Read More

U.S. fast food brand Chick-fil-A announces plans to come to Canada

U.S. fast food brand Chick-fil-A announces plans to come to Canada
TORONTO — Canadians craving Chick-fil-A, Inc.’s signature chicken sandwiches soon won’t have to head south of the border to indulge. The controversial American fast food company that is also known for its waffle fries and milkshakes said Wednesday that it will open its first Canadian restaurant in Toronto next year and has plans to bring about 15 of its locations to the Greater Toronto Area over... Read More

SpaceX launches 10 more Iridium Communications satellites

SpaceX launches 10 more Iridium Communications satellites
VANDENBERG AIR FORCE BASE, Calif. — Ten more satellites for Iridium Communications have been successfully launched into orbit. A SpaceX Falcon 9 rocket lifted off from Vandenberg Air Force Base, California, at 4:39 a.m. Wednesday and released the satellites about an hour later. It was the seventh launch in Iridium’s $3 billion campaign to replace its entire fleet of globe-circling... Read More

AltaGas CEO David Harris resigns abruptly due to complaint filed with company board

AltaGas CEO David Harris resigns abruptly due to complaint filed with company board
CALGARY — The president and CEO of AltaGas Ltd. resigned his management and board positions immediately Wednesday following an unspecified complaint under review by the company’s board of directors. David Harris had been with the Calgary-based company since 2010 and its top executive since April 2016. AltaGas didn’t disclose the nature of the complaint against Harris but said it wasn’t related to strategy, operations or... Read More

Loblaw profit falls to $50 million in second quarter after fair-value adjustments

Loblaw profit falls to $50 million in second quarter after fair-value adjustments
BRAMPTON, Ont. — Loblaw Companies Ltd.’s second-quarter adjusted earnings were above analyst estimates, but the grocery and pharmacy retailer also recorded an 86.1 per cent decline in net profit due to a number of unfavourable items including an acquisition expense at its Choice Properties division. Net profit available to common shareholders dropped to $50 million or 13 cents per share... Read More

Amazon to open Caledon fulfillment centre, creating 800 full-time jobs

Amazon to open Caledon fulfillment centre, creating 800 full-time jobs
TORONTO — Amazon will open a new fulfillment centre in Caledon, Ont. to pick, pack and ship books, electronics and toys. The Seattle-based e-commerce company says the centre will create more than 800 full-time jobs. The one-million square foot centre will be Amazon’s sixth facility in Ontario and ninth in Canada. The centre is expected to be built by the end of 2019... Read More