TSX starts February lower despite crude oil approaching 11-week high

TSX starts February lower despite crude oil approaching 11-week high
TORONTO — Canada’s main stock index followed a strong January performance by starting the month lower despite crude oil prices hitting an almost 11-week high. Investors pocketed some profits and took a pause after the Toronto market gained 8.5 per cent in January for its best start in at least 14 years, says Kevin Headland, senior investment Strategist at Manulife Investments. “We... Read More

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 (15,506.31, down 34.29 points).   Aurora Cannabis Inc. (TSX:ACB). Health care. Up 40 cents, or 4.3 per cent, to $9.70 on 23.3 million shares. Aphria Inc. (TSX:APHA). Health care. Up $1.18, or 10.34 per cent, to $12.59 on 20 million shares. The Green Organic Dutchman Holdings. (TSX:TGOD). Health care.... Read More

General Dynamics wins $186-million Canadian navy contract for underwater sensors

General Dynamics wins $186-million Canadian navy contract for underwater sensors
HALIFAX — Ottawa will spend $186 million upgrading and maintaining underwater sensors for the Royal Canadian Navy’s frigates. National Defence said in a news release Friday that global defence giant General Dynamics has been given two contracts that will involve the employment of about 120 people. It said the “majority of this work will occur in Canada.” The Halifax-class frigates use sonar to detect, locate... Read More

Teck Resources warns fourth-quarter profit will be lower than expected

Teck Resources warns fourth-quarter profit will be lower than expected
VANVOUVER, B.C. — Teck Resources Ltd. says it expects its fourth-quarter profit to be significantly below what investors were expecting due to the low price of Canadian oil at the end of last year, issues at its operations in Trail, B.C., and a decline in commodity prices. The mining company says the factors have combined to reduce its earnings by... Read More

US employers add robust 304K jobs; joblessness up to 4 pct.

US employers add robust 304K jobs; joblessness up to 4 pct.
WASHINGTON — U.S. employers shrugged off last month’s partial government shutdown and engaged in a burst of hiring in January, adding 304,000 jobs, the most in nearly a year. The healthy gain illustrates the job market’s durability nearly a decade into the economic expansion. The U.S. has now added jobs for 100 straight months, the longest such period on record.... Read More

Nova Scotia battery company gets $2.4 million federal loan to help expansion

Nova Scotia battery company gets $2.4 million federal loan to help expansion
SPRINGHILL, N.S. — A Nova Scotia battery company is getting a $2.4-million federal loan to help it with an expansion of its production facility. Surrette Battery Company Ltd., Canada’s only manufacturer of deep cycle lead-acid batteries, is embarking on a 25,000-square-foot expansion that will see it incorporate advanced technologies into its production line. The move will allow the company to... Read More

Weekend Unlimited wins lottery for POT stock symbol

Weekend Unlimited wins lottery for POT stock symbol
The chief executive of cannabis company Weekend Unlimited Inc. says winning the POT stock ticker lottery was a “wonderful surprise” for the small company which is hoping the catchy symbol will help it stand out in the sector. After being selected in the lottery conducted by several stock exchanges, Weekend plans to switch its ticker on the Canadian Securities Exchange from... Read More