TSX weekly winning streak comes to an end on concerns about economic growth

TSX weekly winning streak comes to an end on concerns about economic growth
TORONTO — Canada’s main stock index registered its first losing week of the year on new signs of a global economic downturn. The S&P/TSX composite index closed down 60.30 points at 15,996.21 Friday after hitting an intraday low of 15,891.94. The Toronto market lost 72.04 points in the week, its first weekly drop since the end of December. The market pulled... 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 (15,996.21, down 60.30 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Up 17 cents, or 1.67 per cent, to $10.37 on 16.4 million shares. Suncor Energy Inc. (TSX:SU). Energy. Down $1.16, or 2.59 per cent, to $43.70 on 9.7 million shares. Encana Corp. (TSX:ECA). Energy. Down 21 cents, or 2.29... Read More

Federal program for women entrepreneurs urged to do more to help firms scale up

Federal program for women entrepreneurs urged to do more to help firms scale up
OTTAWA — The Trudeau government marked International Women’s Day on Friday by touting its collection of measures designed to support — and boost the number of — female entrepreneurs. But a year after the Liberals unveiled about $2 billion worth of commitments under its women’s entrepreneurship strategy, some business leaders say the effort needs work if it’s going to benefit female-led companies on the rise. On Friday, the government announced a first group of... Read More

Lightspeed shares surge higher on first day of trading on the TSX

Lightspeed shares surge higher on first day of trading on the TSX
TORONTO — Shares of Lightspeed POS Inc. surged higher on their first day of trading on the Toronto Stock Exchange. The Montreal-based payment software company’s shares rose as high as $20.22 in early trading, before trading for $19.68 at midday. Lightspeed’s initial public offering, which was priced at $16 per share, was expected to raise $240 million, making it one of the top... Read More

Norway’s US$1 trillion fund to dump oil and gas shares, including Canadian names

Norway’s US$1 trillion fund to dump oil and gas shares, including Canadian names
STAVANGER, Norway — Norway’s US$1-trillion wealth fund, the biggest of its kind in the world, will begin dumping shares in oil and gas companies including some Canadian names, but stopped short of barring major producers like Suncor, ExxonMobil and Chevron. The move was hailed by environmental activists as a sign that the global economy is increasingly moving away from fossil... Read More

Energy weighs on stocks in Toronto as index falls, U.S. stock markets down

Energy weighs on stocks in Toronto as index falls, U.S. stock markets down
TORONTO — Losses in the energy sector weighed on Canada’s main stock index in late-morning trading as the price of oil moved lower and Norway’s $1-trillion wealth fund starting selling its shares in oil and gas companies. The S&P/TSX composite index was down 96.46 points at 15,960.05. In New York, the Dow Jones industrial average was down 111.74 points at... Read More

Line 3 pipeline delays make oilsands expansion unlikely, MEG Energy says

Line 3 pipeline delays make oilsands expansion unlikely, MEG Energy says
CALGARY — The CEO of MEG Energy Corp. says a one-year delay in Enbridge Inc.’s Line 3 pipeline replacement project makes it highly unlikely it will approve an option to spend about $75 million to complete an expansion of its Christina Lake oilsands project in northern Alberta. Derek Evans says about 60 per cent of the $275-million cost of the expansion has already been invested... Read More

Ontario government gives OK to new executive pay plan at Hydro One Ltd.

Ontario government gives OK to new executive pay plan at Hydro One Ltd.
TORONTO — The Ontario government has signed off on a new executive pay plan set out by Hydro One Ltd. Under the proposed framework, the utility will pay its chief executive a maximum of $1.5 million a year in direct compensation, with a base salary of no more than $500,000. Short-term and long-term incentives are limited to $1 million. Under... Read More

Here’s a quick glance at unemployment rates for February, by province

Here’s a quick glance at unemployment rates for February, by province
OTTAWA — Canada’s national unemployment rate was 5.8 per cent in February. Here are the jobless rates last month by province (numbers from the previous month in brackets): — Newfoundland and Labrador 11.8 per cent (11.4) — Prince Edward Island 10.3 (9.9) — Nova Scotia 6.4 (6.9) — New Brunswick 8.5 (8.2) — Quebec 5.3 (5.4) — Ontario 5.7 (5.7) — Manitoba 5.3 (5.5) — Saskatchewan 5.8 (5.5) — Alberta 7.3 (6.8) — British Columbia 4.5 (4.7) The Canadian Press Read More

CMHC reports annual pace of housing starts slowed in February

CMHC reports annual pace of housing starts slowed in February
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in February slowed compared with January. The housing agency says the seasonally adjusted annual rate of housing starts fell to 173,153 units in February compared with 206,809 units the month before. Economists had expected an annual pace of 205,000, according to Thomson Reuters Eikon. The overall... Read More