TSX hits 2019 high on hope of U.S.-China trade deal and positive economic outlook

TSX hits 2019 high on hope of U.S.-China trade deal and positive economic outlook
TORONTO — Canada’s main stock index hit a 2019 high Wednesday on renewed hopes of a trade deal between the world’s two largest economies and economic data that helped to allay fears of a pronounced global slowdown. The S&P/TSX composite index closed up 15.99 points to 16,279.86 after hitting a year-to-date high of 16,337.96. The underlying tone in the marketplace is largely one of optimism,... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,279.86, up 15.99 points). Bombardier Inc. (TSX:BBD.B). Industrials. Up seven cents, or 2.59 per cent, to $2.77 on 11.7 million shares. Encana Corp. (TSX:ECA). Energy. Down 45 cents, or 4.69 per cent, to $9.15 on 11.7 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down 16 cents, or 1.32 per cent, to $11.93... Read More

Lufthansa Technik to add up to 50 jobs in Montreal by the end of 2021

Lufthansa Technik to add up to 50 jobs in Montreal by the end of 2021
MONTREAL — Lufthansa Technik AG says it will create up to 50 jobs over the next three years as it works to expand its aircraft engine maintenance and repair operations in Montreal. The company says it is aiming to triple the local capacity for its mobile engine services offerings and plans to create 50 new jobs in the Montreal area... Read More

Cryptocurrency platform QuadrigaCX should be placed in bankruptcy: monitor

Cryptocurrency platform QuadrigaCX should be placed in bankruptcy: monitor
HALIFAX — The court-ordered monitor picking over the remains of the shuttered QuadrigaCX cryptocurrency platform says the insolvent operation should be placed in bankruptcy. Ernst and Young says it has concluded there is only a remote possibility the Vancouver-based company will emerge from creditor protection under the Companies’ Creditors Arrangement Act and restructure. The professional services firm says its ongoing investigation to recover $260 million in cash... Read More

Nova Scotia pulls plug on financially troubled marine turbine project

Nova Scotia pulls plug on financially troubled marine turbine project
HALIFAX — The Nova Scotia government has ordered the removal of a massive tidal turbine from the bottom of the Bay of Fundy after revoking the company’s licence. The government says Cape Sharp Tidal does not have the financial ability to deliver the project, breaching the terms of its renewable electricity licence. The company has been ordered to remove the in-stream turbine “within a reasonable time frame.”... Read More

Changes to Emera Inc.’s ownership rules would allow more foreign investment

Changes to Emera Inc.’s ownership rules would allow more foreign investment
HALIFAX — The Nova Scotia government is proposing legislative changes that would lift foreign ownership restrictions for Nova Scotia Power’s parent company, Halifax-based Emera Inc. Business Minister Geoff MacLellan says the change would remove a provision that restricts non-Canadians from owning more than 25 per cent of the voting shares of the company. MacLellan says another change would see Emera... Read More

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

Financials help lift stocks in Toronto, U.S. stock markets also head higher
TORONTO — Strength in the financial sector helped lift Canada’s main stock index higher in late-morning trading, while U.S. stock markets also gained ground. The S&P/TSX composite index was up 43.91 points at 16,307.78. In New York, the Dow Jones industrial average was up 64.71 points at 26,243.84. The S&P 500 index was up 14.88 points at 2,882.12, while the Nasdaq... Read More

N.S. entrepreneur loses court claim against Starbucks: ‘Poor jilted suitors’

N.S. entrepreneur loses court claim against Starbucks: ‘Poor jilted suitors’
PICTOU, N.S. — A Nova Scotia businessman who failed to lure Starbucks to a frappuccino-deprived corner of the East Coast province has lost a bid to recoup costs from the coffee giant. Gregory Burrows had approached Starbucks in August 2017, hoping to expand his food-service holdings in the Pictou County area. The global coffee giant was receptive, and as negotiations... Read More

Hudson’s Bay Co. reports Q4 revenue slips lower, comparable store sales fall

Hudson’s Bay Co. reports Q4 revenue slips lower, comparable store sales fall
TORONTO — Hudson’s Bay Co. reported its fourth-quarter revenue slipped to $2.89 billion, down from $3.05 billion a year earlier when the quarter included an extra week. Excluding the extra week, revenue in the quarter ended Feb. 2 was down $47 million or 1.6 per cent compared with a year ago. Overall comparable store sales for the quarter were down... Read More

GTA home sales flat in March while prices edge up and listings fall

GTA home sales flat in March while prices edge up and listings fall
TORONTO — A flattened real estate market in the Greater Toronto Area has the region’s real estate board again calling for revisions to stricter mortgage stress tests. “The stress test provisions and mortgage lending guidelines generally, including allowable amortization periods for insured mortgages, should be reviewed,” Garry Bhaura, president of the Toronto Real Estate Board president, said in a statement Wednesday.... Read More