Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,416.98, up 101.90 points) Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down three cents, or 0.63 per cent, to $4.73 on 8.05 million shares. Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up seven cents, or 1.13 per cent, to $6.25 on 6.16 million shares. Manulife Financial Corp. (TSX:MFC). Financial Services. Up... Read More

Toronto stock market closes higher in broad advance, U.S. markets mixed

Toronto stock market closes higher in broad advance, U.S. markets mixed
TORONTO — Canada’s main stock index closed higher in a broad advance as tensions with Saudi Arabia appeared to ease, while U.S. markets were mixed. The Toronto Stock Exchange’s S&P/TSX composite index closed up 101.90 points at 16,416.98 as information technology, financials, and materials gained. In New York, the Dow Jones industrial average closed down 74.52 points at 25,509.23. The S&P 500 index ended down 4.12 points... Read More

Nevsun Resources board rejects Lundin’s $1.4-billion hostile takeover bid

Nevsun Resources board rejects Lundin’s $1.4-billion hostile takeover bid
TORONTO — Nevsun Resources Ltd. says it has rejected a $1.4-billion hostile takeover bid from Lundin Mining Corp. as too low. The Vancouver based company says its board of directors is recommending shareholders reject the bid because it undervalues the company, is lower than previous proposals from Lundin, and is lower than other expected offers. Nevsun says it has launched a strategic... Read More

Ex-Pengrowth CEO comes out of retirement to lead oilsands producer MEG Energy

Ex-Pengrowth CEO comes out of retirement to lead oilsands producer MEG Energy
CALGARY — Oilsands producer MEG Energy Corp. says it has selected veteran oilman Derek Evans to replace interim CEO Harvey Doerr. The appointment comes less than five months after Evans’ retirement from Pengrowth Energy Corp., where he had been CEO for nine years. At the time, 61-year-old Evans said he would take a few months off but planned to assume an undefined... Read More

Quebecor’s Q2 revenue flat as telecom growth offset by media decline

Quebecor’s Q2 revenue flat as telecom growth offset by media decline
MONTREAL — Quebecor Inc.’s revenue in the second quarter was $1.04 billion, up a slight 0.5 per cent from the same time last year as growth at its telecommunications arm was largely offset by a decline in media revenue. Growth at Quebecor’s Videotron cable, internet and wireless business boosted revenue from telecommunications to $847.2 million, from $826.6 million last year. Revenue... Read More

Housing starts lower in July, fewer multiple-unit projects after busy June: CMHC

Housing starts lower in July, fewer multiple-unit projects after busy June: CMHC
OTTAWA — Canada Mortgage and Housing Corp. says there was a slowdown in housing construction starts in July, following a near-record high in the previous month. The federal Crown corporation says the seasonally adjusted rate of housing starts dropped to 206,314 units in July, from 346,200 in June. Urban multiple-unit projects such as condos and apartments declined by 20.3 per cent from... Read More

Pot-based medical pet products closer to fruition as research grows

Pot-based medical pet products closer to fruition as research grows
TORONTO — Canadian pets are a few steps closer to getting their paws on pot-based medical treatments in Canada as more cannabis companies research marijuana’s efficacy for companion animals. Canopy Growth Corp. is the latest medical marijuana company to enter the potentially lucrative pet market with its announcement this week that it will embark on a Health Canada-approved clinical trial to research the use of cannabis-based products to treat animal anxiety. The... Read More

Canadian Tire Q2 profit falls, revenue up but below analyst estimates

Canadian Tire Q2 profit falls, revenue up but below analyst estimates
TORONTO — Canadian Tire Corp.’s second-quarter profit was down compared with last year and and its revenue growth came in below analyst estimates. The Toronto-based retailer and financial services company reports it had $156 million of net income attributable to shareholders, or $2.38 per share, down from $195.2 million or $2.81 per share a year earlier. Its adjusted net income was $170.6 million... Read More