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 (16,057.09, down 33.18 points). RNC Minerals. (TSX:RNX). Metals. Up. 8.5 cents, or 94.4 per cent, to 17.5 cents on 39.4 million shares. Aphria Inc. (TSX:APH). Health care. Up $1.33, or 6.53 per cent, to $21.70 on 16 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 14 cents, or 1.7 per cent,... Read More

Commercial real estate investments hit record high in second quarter

Commercial real estate investments hit record high in second quarter
TORONTO — A new report says Canadian commercial real estate transactions hit a record high in the second quarter, driven by two major deals and continued strength of the Toronto and Vancouver markets. The report by CBRE Canada says deals totalled $16.5 billion, up 38 per cent from the previous high of $12 billion reached in the first quarter last... Read More

RNC Minerals gold strike in Western Australia sends stock soaring

RNC Minerals gold strike in Western Australia sends stock soaring
TORONTO — A doozy of a gold strike in Western Australia has sent shares of Toronto-based junior miner RNC Minerals soaring. The company says that over the last week it has pulled out 9,250 ounces of gold, worth some $15 million, from a 130-tonne cut of rock about 500 metres underground at its Beta Hunt mine. The find includes a single 95-kilogram chunk that contains 2,440 ounces for a value... Read More

Loblaw Companies to take $368-million charge related to Tax Court ruling

Loblaw Companies to take $368-million charge related to Tax Court ruling
TORONTO — Loblaw Companies Ltd. will record a $368-million tax charge related to its former Barbadian banking subsidiary Glenhuron Bank Ltd. The charge of 98 cents per share will be recorded in the company’s third quarter but Loblaw says it plans to appeal a tax court ruling that was issued last week. The tax court decision centres on the Canada Revenue Agency’s reassessments of Glenhuron for... Read More

AltaGas selling non-core assets in Canada and the U.S. for $560 million

AltaGas selling non-core assets in Canada and the U.S. for $560 million
CALGARY — AltaGas Ltd. says it has signed deals to sell about $560 million worth of natural gas midstream assets and power generating assets to two buyers. Birch Hill Equity Partners Management Inc. has agreed to pay $165 million for a group of smaller scale gas midstream and power assets in Canada, as well as its commercial and industrial customer portfolio in Canada.... Read More

Aurora Cannabis to acquire ICC Labs in deal valued at $290 million

Aurora Cannabis to acquire ICC Labs in deal valued at $290 million
EDMONTON — Aurora Cannabis Inc. has signed an agreement to acquire marijuana company ICC Labs Inc. in an all-stock deal it valued at $290 million. Under the friendly agreement, ICC shareholders will receive 0.2448 of an Aurora share for each ICC share making the deal worth $1.95 per share. ICC shares closed at $1.79 on the TSX Venture Exchange on Friday.... Read More

Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Bread and butter Empire Company Ltd. releases first-quarter results and holds its annual meeting on Thursday. Empire CEO Michael Medline said in June that tariffs on some U.S. food products that went into effect July 1 could mean higher prices for Canadian shoppers. Roots... Read More