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 (15,303.83, up 92.61 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Down 17 cents, or 1.95 per cent, to $8.53 on 24.4 million shares. MEG Energy Corp. (TSX:MEG). Energy. Down 15 cents, or 2.73 per cent, to $5.35 on 12.4 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent,... Read More

Canada’s stock market rallies for a second week as crude hits two-month high

Canada’s stock market rallies for a second week as crude hits two-month high
TORONTO — Canada’s main stock index rallied for a second week as the price of crude rose to its highest level in nearly two months. The S&P/TSX composite index closed up 92.61 points to 15,303.83. In New York, the Dow Jones industrial average rose 336.25 points at 24,706.35. The S&P 500 index was up 34.75 points at 2,670.71, while the Nasdaq... Read More

Failure of MEG takeover deal is ‘credit positive’ for Husky, says agency

Failure of MEG takeover deal is ‘credit positive’ for Husky, says agency
CALGARY — Shares in oilsands producer MEG Energy Corp. continued to slide Friday after a credit rating agency said rival Husky Energy Inc.’s failure to consummate a hostile takeover bid was actually “credit positive” for Husky. After falling 35.6 per cent on Thursday, MEG stock traded down by as much as 3.3 per cent on Friday morning on the Toronto Stock Exchange.... Read More

Canadian wheat exports to China soar amid U.S.-China tariff dispute

Canadian wheat exports to China soar amid U.S.-China tariff dispute
Canada’s wheat exports to China jumped nearly 200 per cent from January to November 2018 as the Asian country stopped buying from American farmers amid a tariff dispute. Statistics Canada data released Thursday shows total Canadian wheat exports grew nearly 13 per cent during that time from about 15 million tonnes to roughly 17 million tonnes. Wheat exports to China... Read More

North American stock markets push higher in late-morning trading, loonie up

North American stock markets push higher in late-morning trading, loonie up
TORONTO — The financial, industrial and energy sectors helped Canada’s main stock index push higher in late-morning trading, while U.S. markets also charged higher. The S&P/TSX composite index was up 68.41 points at 15,279.63. In New York, the Dow Jones industrial average was up 232.91 points at 24,603.01. The S&P 500 index was up 28.86 points at 2,664.82, while the Nasdaq... Read More

Inflation accelerates as higher airfares, vegetable prices offset cheaper gas

Inflation accelerates as higher airfares, vegetable prices offset cheaper gas
OTTAWA — Canada’s annual inflation rate accelerated to two per cent last month as higher costs for airfares and fresh vegetables offset cheaper prices at the pump. Statistics Canada says year-over-year consumer prices picked up their pace in December after inflation was just 1.7 per cent in November. Economists had expected a year-over-year increase of 1.7 per cent for December, according to Thomson Reuters Eikon. Compared... Read More

Manufacturing surge pushes industrial production up 0.3 pct

Manufacturing surge pushes industrial production up 0.3 pct
WASHINGTON — U.S. industrial production increased 0.3 per cent in December, led by the biggest surge in manufacturing in ten months. The Federal Reserve said Friday that that manufacturing output jumped 1.1 per cent last month, the largest gain since February 2018. Automakers drove much of the growth with a 4.7 per cent jump in production. Utility output slumped 6.3... Read More