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 (16,286.30, down 133.94 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down 15 cents, or 2.94 per cent, to $4.96 on 30.72 million shares. Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 38 cents, or 5.81 per cent, to 14.49 million shares. Nevsun Resources Ltd. (TSX:NSU). Miner. Up 10 cents, or... Read More

Toronto stock index closes down after selloff, U.S. markets up

Toronto stock index closes down after selloff, U.S. markets up
TORONTO — Canada’s main stock index closed lower Tuesday amid reports of a major selloff from an unknown international dealer, even as U.S. markets rose. “From about 10:30 this morning a big sell program came in internationally at one of the dealers,” said Dominique Barker, Portfolio Manager, CIBC Asset Management. “We don’t know which one, but the market has sold off, and the Canadian dollar also... Read More

Cost to twin Trans Mountain pipeline could be $1.9B higher, Kinder Morgan says

Cost to twin Trans Mountain pipeline could be $1.9B higher, Kinder Morgan says
OTTAWA — Kinder Morgan Canada says expanding the Trans Mountain pipeline could cost the federal government as much as $1.9 billion beyond the company’s original construction estimate and take 12 months longer to finish. The figures are included in documents the company filed Tuesday with the United States Security and Exchange Commission related to its plan to sell the pipeline to the Canadian government for... Read More

Musk tweets he may take Tesla private and shares roar

Musk tweets he may take Tesla private and shares roar
NEW YORK — Tesla CEO Elon Musk announced Tuesday that he is considering taking the electric car maker private, causing the company’s stock to spike. In keeping with his unorthodox style, Musk made the out-of-the blue announcement in a terse tweet. He said he may take the company private at $420 a share and already has secured funding. “Am considering... Read More

Tim Hortons announces sudden closure of 4 Cincinnati-area locations

Tim Hortons announces sudden closure of 4 Cincinnati-area locations
Tim Hortons parent company Restaurant Brands International says it closed four more American locations of the coffee-and-doughnut chain. RBI says it reached a mutual agreement with the franchisee in Cincinnati, Ohio, to close four restaurants. The company says in a statement that every market poses unique opportunities and challenges, and it has learned a great deal about what works well... Read More

Saudi Arabian crude oil imports to Canada easy to replace, says energy economist

Saudi Arabian crude oil imports to Canada easy to replace, says energy economist
CALGARY — An energy economist says Canada can easily replace the oil it imports from Saudi Arabia should relations with the Middle Eastern kingdom deteriorate to the point that trade in crude is halted. Judith Dwarkin, chief economist with RS Energy Group in Calgary, says eastern Canadian refineries import about 75,000 to 80,000 barrels per day of Saudi Arabian crude. She... Read More

Saputo Q1 profit falls as various factors combine to offset higher revenue

Saputo Q1 profit falls as various factors combine to offset higher revenue
MONTREAL — Saputo Inc. says its first-quarter profit was down from the same time last year as a result of numerous negative factors including the cost of acquisitions, operating costs, currency fluctuations and prices for some of its products. The Montreal-based company is Canada’s largest cheese maker and one of the largest in the world, with major operations in the... Read More

Aimia adds Air Transat, Flair Airlines to its list of new Aeroplan partners

Aimia adds Air Transat, Flair Airlines to its list of new Aeroplan partners
MONTREAL — Aimia Inc. has signed Aeroplan partnership agreements with two more Canadian airlines that will take effect in about two years, after its current agreement with Air Canada ends in 2020. One of Aimia’s new partners is Air Transat, a long-established airline owned by Montreal-based travel and leisure company Transat AT. Aimia’s other new partner is Flair Airlines, which began... Read More

Testing finds flaws with car electronic car safety systems

Testing finds flaws with car electronic car safety systems
DETROIT — Cars and trucks with electronic driver assist systems may not see stopped vehicles and could even steer you into a crash if you’re not paying attention, an insurance industry group warns. The Insurance Institute for Highway Safety, in a paper titled “Reality Check,” issued the warning Tuesday after testing five of the systems from Tesla, Mercedes, BMW and... Read More

Bausch Health posts US$873-billion Q2 loss linked to tax cost, asset impairments

Bausch Health posts US$873-billion Q2 loss linked to tax cost, asset impairments
MONTREAL — Bausch Health Companies Inc. posted a net loss of US$873 million in the second quarter as the company formerly known as Valeant Pharmaceuticals experienced a bigger operating loss and a bigger provision for income taxes than last year. The company, which reports in U.S. currency, says it recorded a $138 million provision for income taxes that represented a $343-million increase... Read More