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 (16,420.24, up 11.08 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 20 cents, or 2.97 per cent, to $6.54 on 21.42 million shares. Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up 20 cents, or 4.07 per cent, to $5.11 on 8.86 million shares. Enbridge Inc. (TSX:ENB). Oil and gas. Up 34... Read More

Aimia remains open to negotiating fair deal with Air Canada, says CEO

Aimia remains open to negotiating fair deal with Air Canada, says CEO
TORONTO — Aimia Inc. says it remains open to negotiating a fair deal for the purchase of its Aeroplan loyalty program by Air Canada and its partners despite striking a deal with Toronto-based Porter Airlines and holding discussions with the Oneworld airline alliance. “We never stop negotiating. Should the consortium want to engage with us in a constructive dialogue, we would be happy to entertain... Read More

Power Financial reports record earnings in Q2 on strong subsidiaries performance

Power Financial reports record earnings in Q2 on strong subsidiaries performance
TORONTO — Power Financial Corp. reported better-than-expected second-quarter net income, the highest in the company’s history. The Power Corporation of Canada subsidiary reported net earnings of $658 million, and earnings per share of 92 cents, compared to $622 million, or 87 cents per share in the second quarter of 2017. The earnings beat analysts estimates for the quarter of $618 million, or 82... Read More

Canada’s June trade numbers surprisingly strong despite U.S. tariffs on metals

Canada’s June trade numbers surprisingly strong despite U.S. tariffs on metals
Surging exports led by higher-priced energy products allowed Canada to shrug off new U.S. steel and aluminum tariffs in June to post the lowest monthly merchandise trade deficit with the world in 17 months. The difference between Canada’s exports and imports narrowed from a negative $2.7 billion in May to $626 million in June, the smallest deficit since January 2017, fuelled by an increase in the... Read More

GTA home sales, average prices, climb higher in contrast to Vancouver drop

GTA home sales, average prices, climb higher in contrast to Vancouver drop
TORONTO — Home sales in the Greater Toronto Area climbed significantly in July in a divergence from the latest numbers in Vancouver. Residential home sales were up 18.6 per cent in the GTA for the month compared with last July, the Toronto Real Estate Board said Friday. The average selling price of the 6,961 homes that changed hands during the month rose 4.8 per... Read More

Telus Q2 mixed: profit flat, wireless growth modest but wireline additions strong

Telus Q2 mixed: profit flat, wireless growth modest but wireline additions strong
Telus Corp. surprised analysts with the strength of its second-quarter residential subscriber growth but its net income and adjusted earnings were flat compared with the same time last year as its wireless operations faced pricing challenges. Western Canada’s largest residential phone company — which is also one of Canada’s three national wireless companies — said it had $390 million of net income... Read More

CIBC refunding 1.4 million credit card customers for years of improper fees

CIBC refunding 1.4 million credit card customers for years of improper fees
TORONTO — The Canadian Imperial Bank of Commerce is refunding 1.4 million customers for improperly charging credit card fees over 14 years. The country’s fifth-largest bank says some credit card accounts in Canada may have been incorrectly charged a fee for exceeding the credit limit between 2003 and 2017. Higher insurance premiums were also charged on optional creditor insurance. Refunds... Read More