Interfor says it’s shipping more lumber from Canada after China tariffs on U.S.

Interfor says it’s shipping more lumber from Canada after China tariffs on U.S.
VANCOUVER — Interfor Corp. says the company has increased lumber shipments from Canada to China as a result of tariffs imposed on its U.S. production. “We’ve seen a marked increase in volume from Canada,” said Barton Bender, vice-president of sales at Interfor on an earnings conference call Friday. “We’re still active on some products in the South to China. We’ve tried... 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 (15,633.33, down 70.03). Aurora Cannabis Inc. (TSX:ACB). Health care. Down 35 cents, or 3.4 per cent, to $9.95 on 16 million shares. Suncor Energy Inc. (TSX:SU). Energy. Down 57 cents, or 1.31 per cent, to $42.81 on 7.5 million shares. Barrick Gold Corp. (TSX:ABX). Materials. Up 34... Read More

Canada’s stock index posts fifth positive week of year despite Friday loss

Canada’s stock index posts fifth positive week of year despite Friday loss
TORONTO — Canada’s main stock index posted its fifth straight positive week of the year despite closing lower Friday. There was no clear direction on the day for North American markets, but the TSX has gained so far in 2019 after being so oversold last year, said Cavan Yie, a portfolio manager at Manulife Asset Management. “Some of these risks that we... Read More

Namaste says firm is ‘solid’ as ex-CEO launches legal battle against termination

Namaste says firm is ‘solid’ as ex-CEO launches legal battle against termination
TORONTO — Namaste Technologies Inc.’s interim chief executive is urging its shareholders to “ignore the rumours” as its ex-CEO commenced legal action against the cannabis company to prohibit his termination unless a “proper process” is followed. According to court documents, Sean Dollinger on Feb. 5 applied to the Ontario Superior Court of Justice for a permanent, mandatory injunction requiring Namaste and board members Laurens Feenstra... Read More

Mattel, Hasbro results show diverging post-Toys R Us paths

Mattel, Hasbro results show diverging post-Toys R Us paths
NEW YORK — Quarterly reports from Mattel and Hasbro show that while the demise of Toys R Us has shaken up the industry, the two dominant toymakers’ paths are diverging less than a year later. Late Thursday, Mattel posted better-than-expected earnings per share and revenue for the key holiday quarter, sending its shares up sharply. The maker of Barbies and... Read More

North American stock markets in the red, loonie edges higher after jobs report

North American stock markets in the red, loonie edges higher after jobs report
TORONTO — Canada’s main stock index posted a triple-digit decline in late-morning trading as the Toronto market was hit by broad-based weakness and U.S. markets sank into the red. The S&P/TSX composite index was down 124.22 points at 15,579.14. In New York, the Dow Jones industrial average was down 266.10 points at 24,903.43. The S&P 500 index was down 21.75... Read More

Canada adds 66,800 net new jobs in January, but unemployment rate ticks higher

Canada adds 66,800 net new jobs in January, but unemployment rate ticks higher
OTTAWA — The country saw a rush of 66,800 net new jobs in January in a gain fuelled by a hiring surge in the private sector, Statistics Canada said Friday. The agency’s latest labour force survey said more people also searched for work last month, which pushed the unemployment rate to 5.8 per cent, up from its 43-year low 5.6 per cent in December. Economists had expected the... Read More

CAE Inc. reports third-quarter profit and revenue down from year ago

CAE Inc. reports third-quarter profit and revenue down from year ago
MONTREAL — CAE Inc. says its third-quarter profit fell compared with a year ago as revenue also edged lower. The flight simulator manufacturer and training company says it earned a profit of $77.6 million attributable to shareholders or 29 cents per share for the quarter. Analysts on average had expected a profit of 32 cents per share, according to Thomson... Read More

Scotiabank sells El Salvador banking and insurance operations

Scotiabank sells El Salvador banking and insurance operations
TORONTO — The Bank of Nova Scotia says it has reached an agreement to sell its banking and insurance operations in El Salvador to Imperia Intercontinental Inc. Scotiabank says the sale, subject to approval, will result in an after-tax loss of approximately $170 million, which largely represents the goodwill related to the business. Imperia is the main shareholder of financial institution Banco... Read More