Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (14,944.09, down 68.56 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Down 22 cents, or 2.93 per cent, to $7.29 on 13.6 million shares. Bombardier Inc. (TSX:BBD.B). Up one cent, or 0.45 per cent, to $2.25 on 10 million shares. Crescent Point Energy Corp. (TSX:CPG). Energy. Down 13 cents, or 2.97 per... Read More

Precision claiming $20-million break fee after Ensign set to take over Trinidad

Precision claiming $20-million break fee after Ensign set to take over Trinidad
CALGARY — Precision Drilling Corp. says it is entitled to a $20-million break fee after Ensign Energy Services Inc. announced Tuesday that it will take control of Trinidad Drilling Ltd. by acquiring a majority of Trinidad’s shares. Calgary-based Precision, the largest driller in Canada, said the fee is owed as part of the Oct. 5 arrangement it had with Trinidad after terminating the... Read More

Questrade agrees to pay $2.9M to OSC for acting ‘contrary to public interest

Questrade agrees to pay $2.9M to OSC for acting ‘contrary to public interest
TORONTO — Questrade Wealth Management will pay $2.9 million to the Ontario Securities Commission after regulator staff concluded that the investment manager failed to properly determine whether there was a conflict of interest before investing a client’s money. According to Questrade’s settlement with the OSC, the Toronto-based investment fund manager and market dealer acted contrary to the public interest when it purchased roughly $15 million in WisdomTree... Read More

Ensign acquires majority of Trinidad shares to take control of drilling company

Ensign acquires majority of Trinidad shares to take control of drilling company
CALGARY — Ensign Energy Services Inc. says it will take control of Trinidad Drilling Ltd. after acquiring a majority of the company’s shares by its Tuesday deadline. The Calgary-based drilling company says 56.38 per cent of Trinidad shares have been tendered. The 154.1 million shares are in addition to the 26.9 million it also owns, raising its stake in Trinidad to 66.18... Read More

Iron ore production to restart next year in Labrador mining town of Wabush

Iron ore production to restart next year in Labrador mining town of Wabush
WABUSH, N.L. — The Labrador mining town of Wabush is in for a much-needed economic boost as one of Canada’s largest iron ore mines restarts production next year. Premier Dwight Ball was in Wabush today to announce the official reopening of the Scully mine, with hiring for 260 new jobs to begin over the next few weeks. Hundreds of people lost their jobs when... Read More

Materials sector weighs on TSX, U.S. stock markets mixed; loonie down

Materials sector weighs on TSX, U.S. stock markets mixed; loonie down
TORONTO — Losses in the materials sector weighed on Canada’s main stock index in late-morning trading as U.S. stock markets were mixed. The S&P/TSX composite index was down 58.66 points at 14,953.99. In New York, the Dow Jones industrial average was down 26.43 points at 24,613.81. The S&P 500 index was up 3.75 points at 2,677.20, while the Nasdaq composite... Read More

Accenture will add 800 new technology jobs in Canada by the end of 2020

Accenture will add 800 new technology jobs in Canada by the end of 2020
TORONTO — Accenture will add 800 new technology jobs in Canada by the end of 2020. The consulting firm says the jobs will be focused on the digital economy and will include designers, data scientists, engineers and analytics-based workers. The positions will predominantly be located in major cities across the country and will join the 5,000 Accenture employees already working in... Read More