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 (16,315.08, up 28.78 points) Laramide Resources Ltd. (TSX:LAM). Miner. Unchanged on 12.3 million shares. Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up two cents, or 0.32 per cent, to $6.18 on 9.41 million shares. Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down 20 cents, or 4.03 per cent, to... Read More

CAE investing $1 billion in innovation over 5 years

CAE investing $1 billion in innovation over 5 years
MONTREAL — Aerospace company CAE is investing $1 billion in innovation over the next five years. CAE president Marc Parent says one of the main objectives of the investment will be to fund a project to develop training solutions in aviation, health care and defence and security. Parent made the announcement this afternoon alongside Prime Minister Justin Trudeau and Quebec Premier Philippe Couillard... Read More

Most boomers plan to stay put, renovate rather than move in next 5 years: study

Most boomers plan to stay put, renovate rather than move in next 5 years: study
TORONTO — A new study finds that some 80 per cent of Canadian baby boomers plan to stay put in their homes in the next five years as a majority consider their local housing market unaffordable for retirement. The Leger and Royal LePage survey of 1,000 Canadians aged 54 to 72 suggests that six-in-ten boomers are opting to renovate their current house rather than buy... Read More

Finning’s Q2 above estimates on higher equipment sales and product support

Finning’s Q2 above estimates on higher equipment sales and product support
VANCOUVER — Finning International Inc.’s second-quarter profit and revenue beat analyst estimates as the heavy-equipment dealer benefited from stronger sales of new equipment, higher product support revenue and improved margins. The Vancouver-based company, which sells Caterpillar equipment in Western Canada and several other countries, said its net income was up 44 per cent from last year at $81 million and revenue was up nine per... Read More

Yamana Gold founder Peter Marrone shifts from CEO to executive chairman role

Yamana Gold founder Peter Marrone shifts from CEO to executive chairman role
TORONTO — Yamana Gold says it is shuffling its top executives as founder Peter Marrone takes a step away from day-to-day operations at the mining company. Marrone will take on the new position of executive chairman to drive Yamana’s strategic vision and liaise between the board of directors and management. He will also serve as mentor to Daniel Racine, who steps into... Read More

Thomson Reuters boosts Q2 earnings from continuing and discontinued operations

Thomson Reuters boosts Q2 earnings from continuing and discontinued operations
TORONTO — Thomson Reuters Corp. had US$657 million of net earnings in the second quarter, more than triple what it had in the comparable period last year. Most of the company’s profit during the quarter came from its Financial & Risk business, which is classified as a discontinued operation as part of a plan for Thomson Reuters to sell a... Read More

Magna lowers 2018 outlook amid uncertainty due to tariffs, trade negotiations

Magna lowers 2018 outlook amid uncertainty due to tariffs, trade negotiations
AURORA, Ont. — Magna International Inc. has lowered its expectations for the second half of 2018 amid uncertainty surrounding tariffs and trade negotiations between the United States and other countries, including Canada and China. Canada’s largest auto parts maker has edged down its full-year estimates for sales, margins and other key metrics but Magna chief executive Don Walker told analysts Wednesday that... Read More

Saudi Arabia reportedly directing selloff of Canadian assets after criticism

Saudi Arabia reportedly directing selloff of Canadian assets after criticism
TORONTO — Saudi Arabia has directed asset managers to sell off Canadian equities as part of an escalating response to criticism from Canada according to a report by the Financial Times. The Saudi central bank and state pension funds have sent instructions to overseas asset managers to dispose of Canadian equities, bond, and cash holdings at any cost, the newspaper said, citing unnamed sources.... Read More