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 (16,038.13, down 30.12 points). Bombardier Inc. (TSX:BBD.B). Industrials. Up two cents, or 0.69 per cent, to $2.92 on 21 million shares. GeneNews Ltd. (TSX:GEN). Health care. Up two cents, or 12.12 per cent, to 18.5 cents on 13.5 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Up... Read More

Michigan governor proposes nearly tripling the gas tax

Michigan governor proposes nearly tripling the gas tax
LANSING, Mich. — New Michigan Gov. Gretchen Whitmer, who campaigned on a bold promise to “fix the damn roads” in the capital of the U.S. auto industry, will propose nearly tripling the state’s per-gallon fuel tax, her office said Monday. The Democrat’s budget proposal, which will be a tough sell in the Republican-led Legislature, would boost the 26-cent gasoline and... Read More

North American stock markets slide lower in late-morning trading, loonie down

North American stock markets slide lower in late-morning trading, loonie down
TORONTO — The energy sector weighed on stocks in Toronto as Canada’s main stock index fell in late-morning trading, while U.S. stock markets also edged lower. The S&P/TSX composite index was down 42.09 points at 16,026.16. In New York, the Dow Jones industrial average was down 53.48 points at 25,972.84. The S&P 500 index was down 1.93 points at 2,801.76,... Read More

Pot producer Ascent granted creditor protection after losing licenses

Pot producer Ascent granted creditor protection after losing licenses
VANCOUVER — Cannabis producer Ascent Industries Corp. says an order granting the company creditor protection has been issued by the Supreme Court of British Columbia. The B.C.-based company says it filed for CCAA to address near-term liquidity issues which were in “large part” caused by Health Canada’s suspension of its licences under its subsidiary Agrima Botanicals Corp. Ascent has said... Read More

WarnerMedia hires former NBC exec in reorganization

WarnerMedia hires former NBC exec in reorganization
NEW YORK — WarnerMedia is hiring former NBC Entertainment chairman Robert Greenblatt as chairman of its entertainment and direct-to-consumer divisions in a reorganization. Greenblatt will run the company’s marquee HBO property as well as Turner cable networks TNT, TBS and truTV, among other properties that were previously run separately. The moves come after HBO’s longtime chief executive Richard Plepler said... Read More

Vancouver home sales sluggish in February as prices continue to fall

Vancouver home sales sluggish in February as prices continue to fall
VANCOUVER — The local real estate board says the benchmark price of a detached home in Metro Vancouver fell nearly 10 per cent year over year as more sellers listed properties, but house hunters continued to take their time in February. The Real Estate Board of Greater Vancouver says nearly 28 per cent fewer detached properties sold last month compared... Read More

Newmont Mining board rejects Barrick takeover offer, proposes joint venture

Newmont Mining board rejects Barrick takeover offer, proposes joint venture
TORONTO — The board of directors of Newmont Mining Corp. has unanimously rejected a hostile takeover offer from Barrick Gold Corp. and countered with a proposal of its own. The board says the unsolicited, all-stock proposal is not in the best interests of Newmont’s shareholders. Instead, Newmont, which is in the midst of acquiring Vancouver-based gold miner Goldcorp Inc., is proposing a... Read More

Meng Wanzhou alleges her constitutional rights were breached by RCMP, CBSA

Meng Wanzhou alleges her constitutional rights were breached by RCMP, CBSA
VANCOUVER — The defence team for Huawei executive Meng Wanzhou has filed a notice of civil claim alleging “serious violations” of her constitutional rights, accusing officers of detaining and questioning her for three hours before notifying her of her arrest. The suit filed with the B.C. Supreme Court on Friday is against members of the Canadian Border Services Agency, the... Read More