Virgin Galactic aims to reach space soon with tourism rocket

Virgin Galactic aims to reach space soon with tourism rocket
MOJAVE, Calif. — Richard Branson’s Virgin Galactic is gearing up to finally send its tourism rocket ship to the edge of space. If successful, it would be a major step toward the long-delayed dream of commercial space tourism. The next test flight could come as early as Thursday with two pilots taking Virgin Space Ship Unity high above California’s Mojave... Read More

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 (14,783.06, up 115.23 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Up 22 cents, or 2.77 per cent, to $8.15 on 15.1 million shares. Aphria Inc. (TSX:APHA). Health care. Down 42 cents, or 5.12 per cent, to $7.78 on 12.3 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up seven cents, or 3.21 per... Read More

‘David and Goliath’ battle prompted predatory pricing probe into WestJet: Flair CEO

‘David and Goliath’ battle prompted predatory pricing probe into WestJet: Flair CEO
MONTREAL — Flair Airlines chief executive Jim Scott says predatory pricing and scheduling by rival WestJet Airlines Ltd. placed his budget carrier in jeopardy, as a “David and Goliath” battle over the past six months has culminated in an investigation by Canada’s competition watchdog. On Tuesday, the Federal Court of Canada’s chief justice ordered a WestJet vice-president to appear before the... Read More

North American markets close higher on positive outlook for U.S.-China trade deal

North American markets close higher on positive outlook for U.S.-China trade deal
TORONTO — North American markets all closed higher on a broad-based rally fuelled by a positive outlook on China and the U.S. reaching a trade agreement. The S&P/TSX composite index gained 115.23 points to end at 14,783.06. In New York, the Dow Jones industrial average was up 157.03 points at 24,527.27. The S&P 500 index was up 14.29 at 2,651.07 while the... Read More

Regulator schedules hearings for B.C. LNG natural gas pipeline challenge

Regulator schedules hearings for B.C. LNG natural gas pipeline challenge
CALGARY — The National Energy Board is scheduling hearings over the next three months to consider a jurisdictional challenge of the approval of a pipeline needed to supply natural gas to the recently sanctioned $40-billion LNG Canada project. The hearings are to determine only if approvals given by the British Columbia Oil and Gas Commission for the Coastal GasLink Pipeline are sufficient —... Read More

Via Rail places $989-million train order with Siemens for key rail corridor

Via Rail places $989-million train order with Siemens for key rail corridor
MONTREAL — Via Rail has selected Siemens over Bombardier Inc. for a $989-million contract to modernize its passenger rail service along Canada’s key rail corridor between Quebec City and Windsor, Ont. However, the German manufacturer could receive up to about $500 million more from the state-owned railway if it exercises options for another 16 trains on top of the 32... Read More

Tencent Music shares rise on first trading day

Tencent Music shares rise on first trading day
NEW YORK — Shares in Chinese streaming music giant Tencent Music Entertainment are up 8 per cent to $14.11 on their first day of trading. The company’s initial public offering of 82 million shares was priced at $13 a share and is expected to raise between $1.07 billion and $1.23 billion. The stock is listed on the New York Stock... Read More

Total number of new mortgages slumped in second quarter, says CMHC

Total number of new mortgages slumped in second quarter, says CMHC
TORONTO — Rising interest rates and slower income and population growth helped temper demand for new mortgages in the second quarter, according to Canada Mortgage Housing Corp. The federal housing agency says fewer Canadians opened new mortgages in the three-month period ending June 30, even though the total number of active mortgages and the value of those mortgages rose during the... Read More

WestJet says it’s co-operating with predatory pricing probe by Competition agency

WestJet says it’s co-operating with predatory pricing probe by Competition agency
CALGARY — WestJet Airlines Ltd. says it is co-operating with a probe by Canada’s competition watchdog following accusations of predatory pricing from a competitor. The Calgary-based carrier said in an email Wednesday it is “compiling information” in response to an investigation from the Competition Commissioner. Edmonton-based Flair Airlines has accused WestJet and low-cost offshoot Swoop of undercutting its business by pricing... Read More

N.L. to enjoy fastest-growing economy thanks to oil production: report

N.L. to enjoy fastest-growing economy thanks to oil production: report
A dramatic economic turnaround is being predicted for Newfoundland and Labrador next year. The Conference Board of Canada says it is expected to lead the provinces in economic growth, thanks to offshore oil royalties. Just a year after having the weakest economic outlook in 2018, the province’s real GDP is expected to grow by 5.2 per cent in 2019. Prince Edward Island and... Read More