Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (14,595.07, down 155.28 points). Nevsun Resources Ltd. (TSX:NSU). Metals. Down six cents, or 1.01 per cent, to $5.91 on 18.3 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 23 cents, or 3.02 per cent, to $7.84 on 15.5 million shares. Aphria Inc. (TSX:APHA). Health care. Up 43... Read More

Apple upstages Amazon in selecting new tech hub locations

Apple upstages Amazon in selecting new tech hub locations
AUSTIN, Texas — One tech giant strung dozens of North American cities through a circus-like contest that led mayors and governors to desperately pitch their regions — and offer huge sums of public money — in hopes of landing a gleaming new corporate campus. The other swept in quietly before making its big move. The outcome was largely the same:... Read More

Suncor warns forced provincial oil cutbacks pose safety, operational risks

Suncor warns forced provincial oil cutbacks pose safety, operational risks
CALGARY — Forced Alberta government crude oil production cuts next year will result in “unintended consequences” that could include increased safety hazards for its employees, Suncor Energy Inc. warned Friday. Despite the cuts that begin Jan. 1, Canada’s largest integrated oil and gas company forecasts production will grow by 10 per cent in 2019 on a stand-pat capital budget of between $4.9 billion and $5.6... Read More

Canada Goose delays Beijing store opening because of construction

Canada Goose delays Beijing store opening because of construction
TORONTO — Canada Goose Inc. says the opening of its Beijing store has been delayed. The Toronto-based luxury parka maker says in a statement to The Canadian Press that the delay is due to ongoing construction. The company has not said when the store will open, but is promising to update consumers as soon as plans progress. The announcement comes amid growing tensions between China... Read More

Councillors in Toronto, Ottawa vote to allow retail cannabis stores

Councillors in Toronto, Ottawa vote to allow retail cannabis stores
TORONTO — Councillors in Toronto have voted to allow retail pot shops in Canada’s most populous city. Councillors voted 20-4 Thursday evening to allow privately run cannabis stores to operate in Toronto. The decision came on the same day councillors in Ottawa voted to allow pot shops to open in the nation’s capital, and a day after councillors in Markham... Read More

Statistics Canada reports key debt ratio ticked higher in third quarter

Statistics Canada reports key debt ratio ticked higher in third quarter
OTTAWA — The amount Canadians owe relative to their income ticked higher in third quarter. Statistics Canada says household credit market debt as a proportion of disposable income was 177.5 per cent in the third quarter on a seasonally-adjusted basis. That compared with 177.4 per cent in the second quarter. In other words, Canadians owed nearly $1.78 in credit market debt, which... Read More

Suncor plans 10% production increase for 2019, holds capex spending steady

Suncor plans 10% production increase for 2019, holds capex spending steady
CALGARY — Suncor Energy Inc. is planning to grow production by about 10 per cent, even after Alberta’s mandatory production curtailments. The company says it expects average upstream production of 780,000 to 820,000 barrels of oil equivalent per day, up from about 730,000 boepd this year. Suncor says its guidance assumes the curtailments are in place for three months before... Read More