Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,171.25, up 227.16 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Up 62 cents, or 8.5 per cent, to $7.91 on 13.2 million shares. Bombardier Inc. (TSX:BBD.B). Down 12 cents, or 5.33 per cent, to $2.13 on 10.9 million shares. Crescent Point Energy Corp. (TSX:CPG). Energy. Down 26 cents, or 6.12 per... Read More

Demand grows for vacation condos in Whistler, Mont-Tremblant: Royal LePage

Demand grows for vacation condos in Whistler, Mont-Tremblant: Royal LePage
TORONTO — Demand from retirees, investors and those looking for a winter getaway is driving strong demand for condominiums in popular recreational real estate markets, at times, nearly double the rate for detached homes, says a report by Royal LePage. The realty brokerage says the median price for a condominium located in Whistler, B.C., grew by 26.5 per cent to $610,000 this year, compared with a year... Read More

Labour movement is in the fight for its life, say experts

Labour movement is in the fight for its life, say experts
TORONTO — The latest battle to save thousands of auto jobs in Ontario is but one of many Canada’s largest private sector union will likely have to fight as automation, technology and globalization increasingly change the face of manufacturing, experts say. The decline of the sector — and the resulting job losses — started long before General Motors announced its plan to shutter its assembly plant in Oshawa, Ont., —... Read More

TSX has largest rally in nearly three years after comments from Federal Reserve

TSX has largest rally in nearly three years after comments from Federal Reserve
TORONTO — Canada’s main stock index posted its largest rally in almost three years after Federal Reserve Chairman Jerome Powell suggested a possible pause in interest rate hikes next year. The S&P/TSX composite index closed up 227.16 points to 15,171.25, the largest single-day gain since Feb. 17, 2016. In New York, the Dow Jones industrial average was up 2.5 per cent or 617.70 points... Read More

Get tough with General Motors Trump-style, union head urges Trudeau

Get tough with General Motors Trump-style, union head urges Trudeau
WASHINGTON — The head of Canada’s largest autoworkers union wants Prime Minister Justin Trudeau to borrow a page from the U.S. president’s playbook and get tough with General Motors, Trump-style. Unifor president Jerry Dias is in Washington to try to enlist allies at the Canadian Embassy. He wants to reverse GM’s decision to slash more than 2,500 jobs at the company’s... Read More

Alberta buying its own rail cars to move oil without feds, Notley says

Alberta buying its own rail cars to move oil without feds, Notley says
OTTAWA — Alberta Premier Rachel Notley says her government will buy its own rail cars to transport more oil to market. She says her province wanted co-operation from the federal government to buy them, but with Alberta oil prices just about at record lows, it can’t wait any longer. While plans for pipelines are stalled, Notley wants other means to... Read More

HBC faces renewed criticism from activist investor Land and Buildings

HBC faces renewed criticism from activist investor Land and Buildings
TORONTO — Hudson’s Bay Co. activist investor Land and Buildings Investment Management LLC is attacking the Toronto-based retailer’s board again for failing to take decisive action to unlock value for shareholders. In a letter sent to shareholders, Land and Buildings says it believes HBC could double or triple its share price and find benefits by selling Saks Fifth Avenue to a luxury department... Read More

US economy grew at brisk 3.5 pct. annual rate last quarter

US economy grew at brisk 3.5 pct. annual rate last quarter
WASHINGTON — The U.S. economy expanded at a solid 3.5 per cent annual rate in the July-September quarter, led by lower but still strong consumer spending and more business investment than previously estimated. The Commerce Department’s figure for gross domestic product, released Wednesday, was the same as its first estimate last month. GDP is the broadest measure of the nation’s... Read More

China’s growth slows, as does tourist spending at Tiffany

China’s growth slows, as does tourist spending at Tiffany
NEW YORK — There was something missing at the luxury jeweler Tiffany & Co. in recent months: Chinese tourists. While the company said Wednesday that third-quarter revenue rose 4 per cent to just above $1 billion, industry analysts were anticipating a bigger boost. Some the unanticipated drag has occurred as tourists, particularly Chinese tourists, pull back on spending in places... Read More

Financials and industrials push TSX higher as U.S. stocks also gain ground

Financials and industrials push TSX higher as U.S. stocks also gain ground
TORONTO — The financial and industrial sectors helped boost Canada’s main stock index in late morning trading, while U.S. stock markets also traded higher. The S&P/TSX composite index was up 109.42 points at 15,053.51. In New York, the Dow Jones industrial average was up 195.07 points at 24,943.80. The S&P 500 index was up 10.73 at 2,692.90, while the Nasdaq... Read More