Toronto stock market hits seven-month high on further rise in oil prices

Toronto stock market hits seven-month high on further rise in oil prices
TORONTO — Canada’s main stock index hit a seven-month high by closing up slightly as oil prices rose to their highest level since November. The S&P/TSX composite index gained 11.14 points to 16,407.29. In New York, the Dow Jones industrial average was down 83.97 points at 26,341.02. The S&P 500 index was up 3.03 points at 2,895.77, while the Nasdaq composite was up 15.19 points at 7,953.88. The... 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 (16,407.29 up 11.14 points). Crescent Point Energy Corp. (TSX:CPG). Energy. Up 54 cents, or 12.16 per cent, to $4.98 on 10.1 million shares. Encana Corp. (TSX:ECA). Energy. Up nine cents, or 0.94 per cent, to $9.68 on 9.7 million shares. ProMetic Life Sciences Inc. (TSX:PLI). Health care.... Read More

QuadrigaCX cryptocurrency exchange officially placed in bankruptcy

QuadrigaCX cryptocurrency exchange officially placed in bankruptcy
HALIFAX — Less than three months after one of Canada’s biggest cryptocurrency exchanges was shut down amid a swirl of controversy, a bid to restructure Vancouver-based QuadrigaCX has failed and the virtual company has officially entered bankruptcy proceedings. The move, approved Monday by a Nova Scotia judge, marks a turning point for the 115,000 users who are owed more than $260 million in cash and cryptocurrency, including Bitcoin... Read More

Toronto’s second legal pot store opens in ritzy Yorkville neighbourhood

Toronto’s second legal pot store opens in ritzy Yorkville neighbourhood
TORONTO — Some of Toronto’s wealthiest residents now have easy access to cannabis with Sunday’s opening of the city’s second legal retail store. A couple dozen eager buyers stood in line in Yorkville to make the first purchases at Ameri, a small store in the shadows of high-rise condominium towers. “There’s always the anxious people but I can assure everybody we’re... Read More

Toronto stocks down despite gains in energy sector, U.S. stock markets lower

Toronto stocks down despite gains in energy sector, U.S. stock markets lower
TORONTO — Canada’s main stock index was down in late-morning trading as a broad-based retreat more than offset gains by energy stocks. The S&P/TSX composite index was down 42.83 points at 16,353.32. In New York, the Dow Jones industrial average was down 105.17 points at 26,319.82. The S&P 500 index was down 4.87 points at 2,887.87, while the Nasdaq composite... Read More

Ontario realtors advise government to end so-called ‘bully’ offers

Ontario realtors advise government to end so-called ‘bully’ offers
TORONTO — Ontario’s realtors say the province should ban so-called “bully” offers that they say give some home buyers an unfair advantage. Ontario Real Estate Association President Karen Cox says the government should use its current review of the act that governs realtors in the province to bar the practice. So-called “bully” offers are submitted by a buyer ahead of a seller’s... Read More

‘Shazam!’ debuts with $53.5M, handing DC Comics another win

‘Shazam!’ debuts with $53.5M, handing DC Comics another win
NEW YORK — Seven films in, the DC Extended Universe is finally flying with some wind behind its back. The well-reviewed, relatively modestly budgeted “Shazam!” debuted with $53.5 million in ticket sales over the weekend, according to studio estimates Sunday, handing DC its latest critical and box-office success. Though one of the oldest characters in DC’s superhero stable, “Shazam!” doesn’t... Read More

Maple Leaf to build US$310-million facility for plant-based protein in Indiana

Maple Leaf to build US$310-million facility for plant-based protein in Indiana
MISSISSAUGA, Ont. — Maple Leaf Foods Inc. has announced plans to build a US$310-million plant-based protein food processing facility in the United States. The company says the new plant will be in Shelbyville, Ind., as it works to expand its plant-based protein business. It will also invest approximately US$26 million to keep pace with growth in demand at its existing... Read More

Pace of Canadian housing starts up in March on seasonally adjusted basis: CMHC

Pace of Canadian housing starts up in March on seasonally adjusted basis: CMHC
OTTAWA — The annual pace of housing starts picked up in March after a sharp slowdown in February, Canada Mortgage and Housing Corp. said Monday. The national housing agency said the seasonally adjusted annual rate of housing starts climbed to 192,527 units in March, compared with 166,290 units in February. Economists on average had expected an annual pace of 196,500, according... Read More