TSX ends down week higher even as oil posts sixth straight week of falling prices

TSX ends down week higher even as oil posts sixth straight week of falling prices
TORONTO — Canada’s largest stock index ended a down week in the black as gold pushed materials higher and oil endured its sixth consecutive week of declining pricing. The S&P/TSX composite index closed up 10.62 points to 15,155.50. In New York, the Dow Jones industrial average gained 123.95 points to 25,413.22. The S&P 500 index was up 6.07 points at 2,736.27, while... Read More

WestJet updates training in response to plane issues linked to Lion Air crash

WestJet updates training in response to plane issues linked to Lion Air crash
WestJet Airlines Ltd. says it has updated its training in response to revelations of a design issue in the Boeing 737 Max, the aircraft at the centre of a deadly crash off the coast of Indonesia last month. A Lion Air Max 8 passenger jet plunged into the Java Sea on Oct. 29 just minutes after taking off from the... Read More

VW wants to storm car market with cheaper electric model

VW wants to storm car market with cheaper electric model
FRANKFURT — Volkswagen intends to invest 44 billion euros ($50 billion) in the electric and autonomous car technologies expected to reshape the industry — and said it would make battery-powered vehicles more accessible to mass-market auto buyers by selling its new I.D. compact for about what a Golf diesel costs. The investment plans for the next five years aim to... Read More

Financial and industrials weigh on TSX, loonie climbs against U.S. dollar

Financial and industrials weigh on TSX, loonie climbs against U.S. dollar
TORONTO — The key financial and industrial sectors weighed on Canada’s main stock index in late-morning trading, while the loonie traded higher against the U.S. dollar. The S&P/TSX composite index was down 13.91 points at 15,130.97. In New York, the Dow Jones industrial average was up 50.84 points at 25,340.11. The S&P 500 index was down 0.59 of a point... Read More

With new Egypt capital being built, what becomes of Cairo?

With new Egypt capital being built, what becomes of Cairo?
CAIRO — Billboards across Cairo advertise luxury homes with “breathtaking” views in compounds with names like “La Verde” or “Vinci” in Egypt’s new capital that is under construction in the desert, miles from the Nile-side city which has been the seat of power for more than 1,000 years. Often, what lies behind the billboards are Cairo’s most overcrowded neighborhoods, with... Read More

One month after legalization, illicit cannabis shops doing brisk business

One month after legalization, illicit cannabis shops doing brisk business
TORONTO — The three surveillance cameras and the steady flow of people in and out of the small, nondescript grey building are the only hint of the brisk business this downtown Toronto cannabis dispensary does behind closed doors. Once inside, two men behind a white desk under a vintage chandelier ask patrons to provide government identification and fill out a membership form. Then, customers... Read More

BlackBerry to buy cybersecurity company Cylance for US$1.4 billion

BlackBerry to buy cybersecurity company Cylance for US$1.4 billion
WATERLOO, Ont. — Blackberry Ltd. has announced it is acquiring an artificial intelligence and cybersecurity company for US$1.4 billion cash. Blackberry says pending regulatory approvals and closing conditions, the deal to acquire California-based Cylance is expected to close before the end of the fiscal year in February 2019. The company says the deal also includes the assumption of Cylance’s unvested employee incentives. Blackberry says Cylance... Read More

Statistics Canada says manufacturing sales up 0.2 per cent in September

Statistics Canada says manufacturing sales up 0.2 per cent in September
OTTAWA — Statistics Canada says manufacturing sales edged up 0.2 per cent in September to $58.5 billion, led by gains in the transportation equipment industry. The growth compared with a drop of 0.5 per cent in August. Economists had expected an increase of 0.3 per cent for September, according to Thomson Reuters Eikon. Sales were up in eight of the... Read More