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 (15,182.64, up 119.05 points). Aphria Inc. (TSX:APHA). Health care. Down 99 cents, or 16.53 per cent, to $5 on 30.3 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down 91 cents, or 12.78 per cent, to $6.21 on 15.1 million shares. Bombardier Inc. (TSX:BBD.B). Up eight cents, or 3.77... Read More

New Brunswick premier still hopes to convince Quebec of Energy East benefits

New Brunswick premier still hopes to convince Quebec of Energy East benefits
FREDERICTON — The premier of New Brunswick says he believes he can convince Quebec’s skeptical premier of the benefits of reviving the Energy East pipeline project. Higgs, along with a number of premiers and federal politicians, are pressing for a restart of the $16 billion Energy East pipeline project to get oil from Alberta to refineries in Eastern Canada and... Read More

Facebook emails show how it sought to leverage user data

Facebook emails show how it sought to leverage user data
LONDON — A U.K. Parliament committee accused Facebook on Wednesday of cutting special deals with some advertisers to give them more access to data as it released 250 pages worth of documents on the tech giant’s internal discussions about the value of users’ personal information. Parliament’s media committee seized confidential Facebook documents from the developer of a now-defunct bikini photo... Read More

Canada’s main stock index up sharply with U.S. markets closed; loonie falls

Canada’s main stock index up sharply with U.S. markets closed; loonie falls
TORONTO — Canada’s main stock index was up sharply Wednesday morning, with the energy and mining sectors leading the advance. The S&P/TSX composite index was up 157.68 points at 15,221.27, making up for some of the 211-point drop it experienced Tuesday. In New York, stock markets were closed Wednesday to mark the death of former president George H.W. Bush last week. The... Read More

Greater Toronto home sales drop nearly 15% in November, prices still climb

Greater Toronto home sales drop nearly 15% in November, prices still climb
TORONTO — The number of homes sold across the Greater Toronto Area pulled back sharply in November, compared with a year ago, but prices continued to see moderate growth, suggesting that Canada’s largest city remains a seller’s market. The Toronto Real Estate Board said Wednesday there were 6,251 residential transactions recorded last month through its Multiple Listing Service (MLS) system, down 14.7 per cent versus a... Read More

National Bank Q4 profit up 8% from last year to $566 million, dividend going up

National Bank Q4 profit up 8% from last year to $566 million, dividend going up
MONTREAL — National Bank of Canada had $566 million of net income in its fourth quarter, up eight per cent from the same period last year as each of its three main business units improved earnings. The Montreal-based bank says the profit amounted to $1.52 per share on a diluted basis and $1.53 per share after adjustments. Analysts had estimated... Read More

Laurentian Bank Q4 net income down 13%, misses analyst estimates

Laurentian Bank Q4 net income down 13%, misses analyst estimates
MONTREAL — Laurentian Bank of Canada’s fourth-quarter net income dropped by 13 per cent from the previous year to $50.8 million, on lower revenues and loan volumes, and missed analyst estimates. The Montreal-based company’s net income amounted to $1.13 per diluted share during the three months ended Oct. 31, down from $1.42 during the same period a year ago. Analysts had expected earnings of... Read More

Oilsands firm Canadian Natural cuts $1 billion from budget due to low oil price

Oilsands firm Canadian Natural cuts $1 billion from budget due to low oil price
CALGARY — Oilsands producer Canadian Natural Resources is setting its 2019 capital budget at $1-billion less than its “normalized” range but says it will ramp up spending if heavily discounted oil prices in Western Canada rebound. The Calgary-based company says it is targeting a 2019 base capital program of $3.7 billion, about 20 per cent below its preferred range of $4.7... Read More

Bank of Canada expected to hold benchmark interest rate as economic clouds gather

Bank of Canada expected to hold benchmark interest rate as economic clouds gather
OTTAWA — The Bank of Canada is widely expected to leave its benchmark interest rate unchanged at 1.75 per cent today after a 25-basis-point increase at its last setting in October. This morning’s announcement comes in the wake of a move by the Alberta government to curtail oil production in the province after Jan. 1 to try to clear a crude storage glut that has driven western... Read More

HBC posts lower Q3 loss as Saks Fifth Avenue drives improvement in overall sales

HBC posts lower Q3 loss as Saks Fifth Avenue drives improvement in overall sales
TORONTO — Hudson’s Bay Co. says it had a smaller overall third-quarter loss than last year as sales increased by 5.6 per cent to $2.2 billion, with its Saks Fifth Avenue brand of luxury retail stores continuing to show improvements. The Toronto-based retailer’s net loss was $164 million or 69 cents per share, including discontinued operations That’s down from last year’s... Read More