Pillars of Toronto stock market help it to continue strong 2019 run

Pillars of Toronto stock market help it to continue strong 2019 run
TORONTO — Canada’s main stock index continued its strong run this year on the back of the pillars of the market — energy, materials and financials. The S&P/TSX composite index closed up 99.20 points to 15,937.44, after hitting an intraday high of 15,953.90. After a dismal December, the U.S. and Canadian markets are off to some of the best starts this century, says Craig... Read More

‘We take action:’ Alberta investing $3.7B to move oil by rail, leasing cars

‘We take action:’ Alberta investing $3.7B to move oil by rail, leasing cars
EDMONTON — Alberta Premier Rachel Notley says the province is spending $3.7 billion to move landlocked oil to market by rail — and it isn’t counting on Ottawa to pitch in. “We must take action today to provide more relief to our energy workers and the families who rely on these good jobs across this province and this country,” she told a news... Read More

Stelco sees earnings boost from higher prices, demand as tariff costs down

Stelco sees earnings boost from higher prices, demand as tariff costs down
HAMILTON — Stelco Holdings Inc. says it saw a significant earnings boost in the fourth quarter as both shipments and steel prices rose while it reduced tariff costs. The company says it had a net income of $110 million, or $1.23 per share for the quarter ending Dec. 31, up from $15 million or 21 cents per share for the same quarter... Read More

B.C. budget hits record level of spending on capital construction projects: NDP

B.C. budget hits record level of spending on capital construction projects: NDP
VICTORIA — The B.C. government says its capital spending program will reach its highest level ever in 2019-20, with $20.1 billion being spent on construction projects. The amount includes $4.4 billion for previously announced health projects such as the redevelopment of the Royal Columbia Hospital in New Westminster, a new patient-care centre at the Royal Inland Hospital in Kamloops and funding for the new... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,937.44, up 99.20 points). Turquoise Hill Resources Ltd. (TSX:TRQ). Materials. Up 22 cents, or 9.78 per cent, to $2.47 on 77.6 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up 26 cents, or 10.4 per cent, to $2.76 on 20.9 million shares. Encana Corp. (TSX:ECA). Energy. Down... Read More

Law firms selected to represent users owed millions from QuadrigaCX platform

Law firms selected to represent users owed millions from QuadrigaCX platform
HALIFAX — A Nova Scotia judge has selected two law firms to represent users of the insolvent QuadrigaCX cryptocurrency exchange who are owed about $260 million. Justice Michael Wood of the Nova Scotia Supreme Court issued a decision today saying he had appointed Miller Thomson of Toronto and Halifax-based Cox & Palmer as representative counsel. Wood says both firms have extensive experience... Read More

Dessau to pay $1.9 million in settlement over bid-rigging on public contracts

Dessau to pay $1.9 million in settlement over bid-rigging on public contracts
OTTAWA — Canada’s competition watchdog says defunct engineering firm Dessau will pay $1.9 million in a settlement over bid-rigging on public contracts in Quebec. The settlement, filed today in the Superior Court of Quebec, marks the end of a Competition Bureau investigation into Dessau’s role in a bid-rigging conspiracy that set its sights on municipal infrastructure contracts in Quebec City, Laval, Gatineau and Montreal-area municipalities... Read More

Nova Scotia liquefied natural gas project signs agreements with unions, Mi’kmaq

Nova Scotia liquefied natural gas project signs agreements with unions, Mi’kmaq
HALIFAX — A proposed liquefied natural gas project says it has signed agreements with the Assembly of Nova Scotia Mi’kmaq Chiefs, the Nova Scotia Construction Labour Relations Association, and unions in Cape Breton. Bear Head LNG says the mutual benefits agreement with the assembly is a commitment to develop the project on the Strait of Canso in an environmentally sustainable... Read More

Materials sector helps lift Toronto stocks, U.S. markets mixed at late morning

Materials sector helps lift Toronto stocks, U.S. markets mixed at late morning
TORONTO — The materials sector helped lift Canada’s main stock index higher in late-morning trading as the prices for gold and copper also moved up. The S&P/TSX composite index was up 70.96 points at 15,909.20. In New York, the Dow Jones industrial average was down 14.61 points at 25,868.64. The S&P 500 index was up 1.31 points at 2,776.91, while... Read More

Namaste Technologies reaches settlement with former chief executive

Namaste Technologies  reaches settlement with former chief executive
TORONTO — Namaste Technologies Inc. has reached a settlement with its former chief executive who had taken legal action against the cannabis company over his abrupt firing earlier this month. The Toronto-based firm, which operates an e-commerce platform and a portal that connects patients with doctors, says as part of the agreement Sean Dollinger has withdrawn his application for an injunction against... Read More