TSX rises on gains in financial and materials sectors; U.S. down on day

TSX rises on gains in financial and materials sectors; U.S. down on day
TORONTO — Canada’s main stock index rose to within striking distance of an all-time high, while U.S. markets fell on disappointing bank results. The S&P/TSX composite index closed up 34.93 points to 16,515.46, after hitting an intraday high of 16,532.67. In New York, the Dow Jones industrial average was down 27.53 points at 26,384.77. The S&P 500 index was down 1.83 points at... 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 (16,480.53, up 81.06 points). ProMetic Life Sciences Inc. (TSX:PLI). Down nine cents, or 58.06 per cent to 6.5 cents on 27 million shares. Bombardier Inc. (TSX:BBD.B). Down eight cents, or 2.95 per cent, to $2.63 on 14 million shares. Crescent Point Energy Corp. (TSX:CPG). Energy. Unchanged... Read More

CREA reports home sales in March down compared with a year ago, prices also down

CREA reports home sales in March down compared with a year ago, prices also down
OTTAWA — The Canadian Real Estate Association says home sales in March fell compared with a year ago while the average sale price also moved lower. The association says sales through the Multiple Listing Service fell 4.6 per cent compared with a year ago to their lowest level for March since 2013. CREA says sales in B.C., Alberta and Saskatchewan were more... Read More

Mogo Finance Technology to merge with Difference Capital Financial in stock swap

Mogo Finance Technology to merge with Difference Capital Financial in stock swap
VANCOUVER — Mogo Finance Technology Inc. has signed a deal to merge with Difference Capital Financial Inc. Under the agreement, each share of Mogo will be exchanged for one Difference common share. Once the transaction is complete, Mogo shareholders will own approximately 80 per cent of the combined company which is expected to be named Mogo Inc. Mogo says the... Read More

Saputo enters U.K. dairy market by closing $1.7-billion deal for Dairy Crest

Saputo enters U.K. dairy market by closing $1.7-billion deal for Dairy Crest
MONTREAL — Saputo Inc. has expanded its global presence as it entered the British dairy market with the closing of a $1.7-billion deal to acquire Dairy Crest Group plc. The transaction announced Feb. 22 was payable in cash from a new bank loan. Dairy Crest manufactures and sells cheese, butters, spreads and oils under British brands such as Cathedral City,... Read More

Aphria shares slip amid Q3 loss, impairment charge and GGB takeover bid dropped

Aphria shares slip amid Q3 loss, impairment charge and GGB takeover bid dropped
Shares of Aphria Inc. plunged after the cannabis company swung to a quarterly loss, took an impairment charge related to its Latin America operations and announced that Green Growth Brands had dropped its hostile takeover offer. Although Leamington, Ont.-based pot producer saw net revenue soar to $73.8 million during its third quarter ended Feb. 28, it posted a net loss of $108.2 million. That’s compared... Read More

Metro grocery stores to permit reusable containers in some departments

Metro grocery stores to permit reusable containers in some departments
MONTREAL — Grocery chain Metro Inc. will allow customers to use reusable containers and zipper bags to purchase fresh products in stores across Quebec. The grocery and drug store company says in a statement today it wants to reduce the amount of single-use packaging it sells. Metro Inc. senior vice-president Marc Giroux says the plan is a simple one and allows... Read More

Financials help boost TSX, U.S. stock markets down at late morning

Financials help boost TSX, U.S. stock markets down at late morning
TORONTO — The financial sector led a broad-based rally on the Toronto Stock Exchange to push Canada’s main stock index higher in late-morning trading, while U.S. stock markets moved lower. The S&P/TSX composite index was up 40.85 points at 16,521.38. In New York, the Dow Jones industrial average was down 49.96 points at 26,362.34. The S&P 500 index was down... Read More

Mainstream retailers embrace marijuana’s less taboo cousin

Mainstream retailers embrace marijuana’s less taboo cousin
NEW YORK — Mainstream retailers are leaping into the world of products like skin creams and oils that tout such benefits as reducing anxiety and helping you sleep. The key ingredient? CBD, or cannabidiol, a compound derived from hemp and marijuana that doesn’t cause a high. Retailers are taking advantage of the booming industry even as its legal status and... Read More

Canadian business sentiment drops from high levels: central bank survey

Canadian business sentiment drops from high levels: central bank survey
OTTAWA — A new Bank of Canada survey says business sentiment has fallen from elevated levels, with companies underlining uncertainty around global trade, the housing sector and the energy industry. The central bank’s measure for business sentiment dropped from its near-record heights last year into negative territory for the first time since the third quarter of 2016. The more-upbeat reading in the previous report was based on a November poll taken... Read More