Quebec government doesn’t rule out buying SNC-Lavalin shares, Legault says

Quebec government doesn’t rule out buying SNC-Lavalin shares, Legault says
BROMONT, Que. — Quebec Premier Francois Legault says his government isn’t ruling out buying shares in SNC-Lavalin in order to prevent the company from being sold or dismantled. Legault said Friday that all options are currently on the table when it comes to saving the troubled Montreal-based engineering giant and the thousands of jobs it provides. The province’s pension fund manager already has a... 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 (16,140.35, up 52.80 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Up 91 cents, or 7.63 per cent, to $12.83 on 34.8 million shares. Crescent Point Energy Corp. (TSX:CPG). Energy. Down three cents, or 0.75 per cent, to $3.96 on 27.4 million shares. Alacer Gold Corp. (TSX:ASR). Mining. Down two cents,... Read More

Xplornet to invest $500M to upgrade wireless, internet service in rural areas

Xplornet to invest $500M to upgrade wireless, internet service in rural areas
WOODSTOCK, N.B. — Xplornet Communications Inc. says it plans to spend $500 million over the next five years to update its network to provide fifth-generation wireless services and faster internet in rural parts of Canada. The New Brunswick-based national carrier uses a combination of fibre optics and wireless to provide voice and internet service, usually just outside city limits, as well as satellite... Read More

Getting more oil to market in Canada requires more pipelines, NEB says

Getting more oil to market in Canada requires more pipelines, NEB says
OTTAWA — The National Energy Board says Canada’s existing export pipelines are running at maximum efficiency and the only way to realistically get more oil to market on pipelines is to build more of them. The board is responding today to questions posed last fall by Natural Resources Minister Amarjeet Sohi, who wanted to know if there was any way... Read More

Financials help lift Toronto stocks higher, U.S. stock markets also close up

Financials help lift Toronto stocks higher, U.S. stock markets also close up
TORONTO — A broad-based rally led by the financials and health care sectors helped Canada’s main stock index close higher, while U.S. markets also rose. The S&P/TSX composite index closed up 52.80 points at 16,140.35. In New York, the Dow Jones industrial average moved up 138.93 points at 25,848.87. The S&P 500 index gained 14 points at 2,822.48, while the Nasdaq composite... Read More

Media industry anxious for news in budget on federal plan to support journalism

Media industry anxious for news in budget on federal plan to support journalism
OTTAWA — The Trudeau government is due to deliver an update to its plan to support journalism in next week’s budget but Ottawa’s recent silence on the file has stoked concerns in the media industry that a lifeline is taking too long to arrive. Last fall, the federal Liberals announced new tax credits and incentives, worth $595 million over the next five years, to support the struggling news industry.... Read More

LL Bean pleased with 2018 performance, awards bonuses

LL Bean pleased with 2018 performance, awards bonuses
FREEPORT, Maine — L.L. Bean enjoyed a small increase in sales in the past year, enough so that it’s restoring bonuses for its 5,400 eligible workers, officials said Friday. The Maine-based retailer’s revenues grew by 1 per cent, nearly flat at $1.6 billion, in a changing and challenging environment for retailers. Steve Smith, president and CEO, said in a statement... Read More

SEC charges Volkswagen, former CEO with defrauding investors

SEC charges Volkswagen, former CEO with defrauding investors
WASHINGTON — U.S. regulators charged Volkswagen and former CEO Martin Winterkorn with defrauding investors during its massive diesel emissions scandal. The charges from the U.S. Securities and Exchange Commission come two years after the German automaker settled with the U.S. over criminal and civil charges, as the company tries to distance itself from one if its darkest eras. The SEC... Read More

Financials help lift Toronto stocks higher, U.S. stock markets also climb

Financials help lift Toronto stocks higher, U.S. stock markets also climb
TORONTO — A broad-based rally led by the financials sector helped lift Canada’s main stock index higher in late-morning trading while U.S. markets also climbed higher. The S&P/TSX composite index was up 71.77 points at 16,159.32. In New York, the Dow Jones industrial average was up 92.49 points at 25,802.43. The S&P 500 index was up 12.31 points at 2,820.79,... Read More

Canadian home sales fall in February, average price down; CREA updates outlook

Canadian home sales fall in February, average price down; CREA updates outlook
OTTAWA — The Canadian Real Estate Association says home sales in February fell compared with a year ago and the average selling price also moved lower. The association says sales last month were down 4.4 per cent compared with February of 2018. On a month-over-month basis, national home sales in February were down 9.1 per cent compared with January. The... Read More