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 (16,396.29, up 59.84 points). Crescent Point Energy Corp. (TSX:CPG). Energy. Up 33 cents, or 6.57 per cent, to $5.35 on 11.9 million shares. Baytex Energy Corp. (TSX:BTE). Energy. Up 36 cents, or 14.69 per cent, to $2.81 on 10.4 million shares. Encana Corp. (TSX:ECA). Energy. Up 38 cents, or... Read More

Securities regulator to consider U.S. activist investors TransAlta demands

Securities regulator to consider U.S. activist investors TransAlta demands
CALGARY — The Ontario Securities Commission says it will hear an application on Friday in Toronto by activist U.S. investors who want to delay the annual meeting of power utility TransAlta Corp. and impose a transaction vote. The regulator says its proceeding will consider the application of Mangrove Partners, which with entities affiliated with Bluescape Energy Partners owns 10 per cent of... Read More

TSX rises on tame U.S. inflation data, crude oil hits five-month high

TSX rises on tame U.S. inflation data, crude oil hits five-month high
TORONTO — Tame U.S. inflation data and higher crude oil prices prompted Canada’s main stock index to resume its upward trajectory. The S&P/TSX composite index closed up 59.84 points to 16,396.29. In New York, the Dow Jones industrial average was up 6.58 points at 26,157.16. The S&P 500 index was up 10.01 points at 2,888.21, while the Nasdaq composite was... Read More

CRTC directs Quebecor to maintain TVA Sports signal for Bell subscribers

CRTC directs Quebecor to maintain TVA Sports signal for Bell subscribers
MONTREAL — Canada’s telecom regulator has directed Quebecor to continue providing its TVA Sports signal to Bell TV subscribers. The Canadian Radio-television and Telecommunications Commission also warned Wednesday that it is “ready to use the means at its disposal to enforce its regulations,” which means that it could attach an order under Section 12 of the Broadcasting Act. Quebecor, which has called... Read More

Energy stocks lead the way higher in Toronto as oil moves up, U.S. stocks mixed

Energy stocks lead the way higher in Toronto as oil moves up, U.S. stocks mixed
TORONTO — The energy sector helped lead a broad-based rally on the Toronto Stock Exchange to push Canada’s main stock index higher in late-morning trading. The S&P/TSX composite index was up 48.04 points at 16,384.49. In New York, the Dow Jones industrial average was down 36.25 points at 26,114.33. The S&P 500 index was up 4.99 points at 2,883.19, while... Read More

Pot prices up 17.3% post-legalization, large hikes in NB and Manitoba: StatCan

Pot prices up 17.3% post-legalization, large hikes in NB and Manitoba: StatCan
TORONTO — Statistics Canada says the average cost of a gram of dried cannabis has gone up by more than 17 per cent since legalization, with consumers in New Brunswick and Manitoba seeing the biggest sticker shock. The government agency says the average price per gram post-legalization was $8.04, approximately 17.3 per cent higher than the pre-legalization price of $6.85.... Read More

Hawaii closer to forcing Airbnb to collect taxes on rentals

Hawaii closer to forcing Airbnb to collect taxes on rentals
HONOLULU — Hawaii lawmakers eager to gather tax revenue from the state’s flourishing, yet mostly unpermitted, vacation rental sector on Tuesday passed legislation that would require websites like Airbnb to collect and pay taxes on behalf of short-term rental hosts. The state House and Senate both approved separate bills on Tuesday. Senators and representatives are expected to meet later this... Read More

No pedal to floor: Experts say no government can bring back Alberta bitumen boom

No pedal to floor: Experts say no government can bring back Alberta bitumen boom
EDMONTON — Getting Alberta’s economy running on all its fossil-fuel-powered cylinders is at the heart of the province’s election campaign. But some of Canada’s top energy thinkers — as well as international experts — warn there’s no pedal any premier can stomp to make that engine rev like it used to. “No policy of any Alberta government can change things,” said Mark... Read More