Apple sees a significant slump in iPhone sales

Apple sees a significant slump in iPhone sales
SAN FRANCISCO — Apple acknowledged that demand for iPhones is waning, fulfilling the worst fears of investors concerned that the company’s most profitable product has lost some of its lustre. The reckoning came in the form of a warning that Apple CEO Tim Cook delivered to the company’s shareholders in a letter released after the stock market closed Wednesday. Cook... 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 (13,347.16 , up 24.30 points). Barrick Gold Corp. (TSX:ABX). Gold. Down 62 cents, or 3.36 per cent, to $17.81 on 46.9 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 31 cents, or 4.57 per cent, to $7.09 on 9.8 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up... Read More

TSX starts the trading year higher as energy sector helped by increased oil price

TSX starts the trading year higher as energy sector helped by increased oil price
TORONTO — Canada’s main stock index started the trading year higher in a volatile day that saw the key energy sector get a boost from higher oil prices. The S&P/TSX composite index closed up 24.30 points at 14,347.16. In New York, the Dow Jones industrial average ended the day up 18.78 points at 23,346.24. The S&P 500 index was up 3.18 points at... Read More

Tesla cuts prices as 4Q deliveries miss analysts’ estimates

Tesla cuts prices as 4Q deliveries miss analysts’ estimates
DETROIT — Shares of electric car and solar panel maker Tesla Inc. tumbled Wednesday after the company cut vehicle prices by $2,000 and announced fourth-quarter sales figures that fell short of Wall Street estimates. The company said in a statement before the markets opened that it delivered over 245,000 electric cars and SUVs last year, nearly as many as all... Read More

B.C. housing market shows signs of moderation: assessment agency

B.C. housing market shows signs of moderation: assessment agency
VANCOUVER — Assessed values of some single family homes in Metro Vancouver’s once red hot housing market dropped between five and 10 per cent in the latest assessments used to determine property taxes in British Columbia. Meanwhile, BC Assessment says some property owners in the rest of the province have seen five to 15 per cent increases in their property values. The agency forecasts condominium... Read More

Halifax digital studio gets provincial payroll rebate of up to $1.5 million

Halifax digital studio gets provincial payroll rebate of up to $1.5 million
HALIFAX — A Halifax-area digital studio is getting a payroll rebate of up to $1.5 million over five years. Nova Scotia Business Inc., the provincial government’s business development agency, says REDspace Inc. will get the incentive to expand its operations in Bedford. The company specializes in mobile, web, video and gaming for media brands and networks including Turner, NBC and Sony... Read More

Stingray Group drops takeover offer for U.S. company Music Choice

Stingray Group drops takeover offer for U.S. company Music Choice
MONTREAL — Stingray Group Inc. has dropped its takeover attempt of Music Choice. Montreal-based Stingray, which provides music and in-store media, had made the unsoliticited bid for the U.S. company in August last year. The offer was worth US$120 million. Music Choice produces music programming and music-related content for digital cable television, mobile phone and cable modem users. Stingray chief executive... Read More