TSX records first daily gain of September, joining positive day for U.S. markets

TSX records first daily gain of September, joining positive day for U.S. markets
TORONTO — Canada’s main stock market posted its first gains of September, joining U.S. markets in a positive day of trading. The S&P/TSX composite index was up 37.16 points to 16,094.25, recovering some of the losses over the past seven trading sessions. In New York, the Dow Jones industrial average was up 113.99 points to 25,971.06. The S&P 500 index was up... Read More

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 (16,094.25, up 37.16 points). RNC Minerals. (TSX:RNX). Metals. Up 10.5 cents, or 60 per cent, to 28 cents on 54.2 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 83 cents, or 10 per cent, to $9.09 on 30 million shares. Aphria Inc. (TSX:APH). Health care. Down nine cents, or 0.41 per cent, to $21.61... Read More

Manitoba to spend up to $1.48 million to help jacket maker Canada Goose expand

Manitoba to spend up to $1.48 million to help jacket maker Canada Goose expand
WINNIPEG — The Manitoba government says it will spend up to $1.48 million to help luxury jacket maker Canada Goose expand its Winnipeg manufacturing operations. Premier Brian Pallister says the $15.8 million expansion will create about 700 jobs. He says the province’s contribution will be spent to help train sewing machine operators over three years. The new facility will be the... Read More

CIBC chief calls for clearer foreign investment rules, more competitive tax scheme

CIBC chief calls for clearer foreign investment rules, more competitive tax scheme
TORONTO — The CEO of the Canadian Imperial Bank of Commerce says Canada must boost its global competitiveness and prepare for a future downturn by offering clearer foreign investment rules, matching a U.S. policy which allows companies to immediately write off the full cost of capital investments and attracting more immigrants. Victor Dodig says a lack of clarity on foreign... Read More

What’s in the Amazon box? Maybe a real 7-foot Christmas tree

What’s in the Amazon box? Maybe a real 7-foot Christmas tree
NEW YORK — Watch out for the 7-foot box on the doorstep. Amazon plans to sell and ship fresh, full-size Christmas trees this year. But a live tree is no paperback book. Amazon says the Christmas trees, including Douglas firs and Norfolk Island pines, will be bound and shipped without water in the usual sort of box. Amazon said they’ll... Read More

Hudson’s Bay Co., Austria-based Signa form joint venture in European retail

Hudson’s Bay Co., Austria-based Signa form joint venture in European retail
TORONTO — Hudson’s Bay Co. has struck a deal to merge its German department stores with its biggest rival in the European market. The Toronto-based retailer, which owns Galeria Kaufhof, announced Tuesday an agreement with Signa Retail Holdings, the Austrian-based brand behind Karstadt, a competitor department store in the market. HBC chief executive Helena Foulkes said the deal will earn HBC $616... Read More

Big safety testing failure rate for California pot products

Big safety testing failure rate for California pot products
LOS ANGELES — Nearly 20 per cent of marijuana products in California have failed tests for potency and purity since the state started requiring the checks on July 1, a failure rate some in the industry say has more to do with unrealistic standards and technical glitches than protecting consumer safety. The testing has been especially tough on cannabis-infused cookies, candies and... Read More

CMHC says annual pace of housing starts slowed in August compared with July

CMHC says annual pace of housing starts slowed in August compared with July
OTTAWA — Canada Mortgage and Housing Corp. says the pace of housing construction starts slowed in August compared with July. The agency says the seasonally adjusted annual rate of housing starts was 200,986 units in August, down from 205,751 units in July. Economists had expected an annual pace of 210,300 starts for August, according to Thomson Reuters Eikon. The decrease came... Read More