Walmart buys ad tech startup

Walmart buys ad tech startup
NEW YORK — Walmart says it’s buying San Francisco-based ad tech startup Polymorph Labs as it looks to better compete with rival online juggernaut Amazon in targeting shoppers online. The world’s largest retailer has been quietly building its own advertising business with a unit called Walmart Media Group, though that business is still smaller than Amazon’s. Amazon’s total ad revenue... Read More

Uber reveals strong growth, huge losses ahead of IPO

Uber reveals strong growth, huge losses ahead of IPO
SAN FRANCISCO — Uber is providing a look under the hood of its business in the lead-up to its hotly anticipated debut on the stock market, revealing strong growth but an ongoing struggle to overcome huge losses and repair its reputation. Documents released Thursday offered the most detailed view of the world’s largest ride-hailing service since its inception a decade... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,399.47, up 3.18 points). Crescent Point Energy Corp. (TSX:CPG). Energy. Up one cent, or 0.19 per cent, to $5.36 on 12.4 million shares. Baytex Energy Corp. (TSX:BTE). Energy. Up three cents, or 1.07 per cent, to $2.84 on 11 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down 30... Read More

Stelco pushes PM for help in dealing with ‘changing landscape’ for steel

Stelco pushes PM for help in dealing with ‘changing landscape’ for steel
OTTAWA — Canadian steel producer Stelco is looking for more support from the federal government as the country’s steel and aluminum producers grapple with punishing U.S. tariffs imposed on exports of their products south of the border. Stelco Holdings Inc., president and executive chairman Alan Kestenbaum met with Justin Trudeau in Ottawa Thursday. While he thanked the prime minister for... Read More

Few SNC-Lavalin rivals have been granted DPAs, contrary to CEO’s claims

Few SNC-Lavalin rivals have been granted DPAs, contrary to CEO’s claims
MONTREAL — It was a sunny Wednesday in March, and Neil Bruce was making his case for why SNC-Lavalin Group Inc. deserved a negotiated settlement over corruption charges tied to alleged dealings in Libya. After spending six weeks in the eye of a political storm over the actions of top government officials who had pushed to head off a criminal prosecution... Read More

Western Canada oil and gas producer count down by nearly 300 names since 2014

Western Canada oil and gas producer count down by nearly 300 names since 2014
CALGARY — A new study shows that the total number of companies producing oil and gas in Western Canada has fallen by 17.5 per cent in the four years since global oil prices began crashing at the end of 2014. Consulting firm XI Technologies of Calgary says an analysis of its database shows that a total of 1,334 active companies — publicly... Read More

Financial sector helps lift stocks in Toronto, U.S. stock markets mixed

Financial sector helps lift stocks in Toronto, U.S. stock markets mixed
TORONTO — Gains in the financial sector helped lift Canada’s main stock index higher in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 65.31 points at 16,461.60. In New York, the Dow Jones industrial average was up 28.87 points at 26,186.03. The S&P 500 index was up 2.83 points at 2,891.04, while the Nasdaq... Read More

Pipeline delays add appeal to creative options for oil transport, transformation

Pipeline delays add appeal to creative options for oil transport, transformation
CALGARY — News that permitting issues in the U.S. would delay Enbridge Inc.’s Line 3 replacement pipeline project until the middle of 2020 instead of late this year means that yet another boost in oil export capacity has been kicked down the road. With both the Trans Mountain expansion and Keystone XL pipeline projects in court limbo, attention is turning to alternative... Read More

Newmont shareholders vote in favour of US$10 billion Goldcorp takeover

Newmont shareholders vote in favour of US$10 billion Goldcorp takeover
VANCOUVER — Newmont Mining Corp. says shareholders have voted overwhelmingly in favour of a US$10 billion all-share takeover deal of Goldcorp Inc. Denver-based Newmont says shareholders voted 98 per cent in favour of issuing shares for the takeover, while more than 76 per cent voted in favour of a general vote increase the common stock of shares. Goldcorp Inc. shareholders voted more than 97 per... Read More

Parents need to plan carefully if they are going to help their kids buy a house

Parents need to plan carefully if they are going to help their kids buy a house
OTTAWA — Buying a home is a big step for anyone and experts say that parents looking to help their children need to make sure it is affordable and that their children are ready for the change. Chris Catliff, president and chief executive of BlueShore Financial, says his bank’s seminars for parents looking to help their kids buy a house are... Read More