The Latest: Tesla to introduce new ride-hailing service

The Latest: Tesla to introduce new ride-hailing service
SAN FRANCISCO — The Latest on Tesla’s plans for fully-autonomous vehicles (all times local): ___ 1:50 p.m. Tesla says it will introduce a ride-hailing service with no humans driving the vehicles. CEO Elon Musk and others detailed the company’s plans to have self-driving vehicles operational by next year at an event for investors Monday. Musk says Tesla’s self-driving software is... 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 (16,577.28, down 35.53 points). Prometic Life Sciences. Inc. (TSX:PLI). Health care. Up one cent, or 20 per cent, to six cents on 8.1 million shares. Baytex Energy Corp. (TSX:BTE). Energy. Up 19 cents, or 6.79 per cent, to $2.99 on 7.7 million shares. Aurora Cannabis Inc. (TSX:ACB).... Read More

Canada’s stock index slips from record high despite rising oil prices

Canada’s stock index slips from record high despite rising oil prices
TORONTO — Canada’s main stock index retreated from last week’s record high even though the energy sector was up on crude oil reaching a near seven-month high. The S&P/TSX composite index closed down 35.53 points at 16,577.28. In New York, the Dow Jones industrial average was down 48.49 points at 26,511.05. The S&P 500 index was up 2.94 points at 2,907.97, while the Nasdaq... Read More

Melinda Gates talks ‘brash’ Microsoft culture in new book

Melinda Gates talks ‘brash’ Microsoft culture in new book
SEATTLE — Looking back at her time as an early Microsoft employee, Melinda Gates said the brash culture at the famously tough, revolutionary tech company made her want to quit. In an interview with The Associated Press, she says she didn’t discuss those concerns with Bill Gates, the company CEO who embodied that culture and was also her boyfriend, and... Read More

Guyana Goldfields dissidents threaten court action ahead of board vote

Guyana Goldfields dissidents threaten court action ahead of board vote
TORONTO — A group of dissident investors says they’re prepared to begin a court proceeding to recoup damages if Guyana Goldfields Inc. doesn’t initiate legal action against chief executive Scott Caldwell by Wednesday. The dissident group’s letter says it has previously asked the board to “fully investigate” allegations of misconduct that were communicated to the current directors last year and as recently as March 22. The group is led by Guyana... Read More

Canada’s stock index slips from last week’s record high; loonie up slightly

Canada’s stock index slips from last week’s record high; loonie up slightly
TORONTO — Canada’s main stock index was down slightly in morning trading after ending last week at an all-time high. The S&P/TSX composite index was down 18.07 points at 16,594.74. In New York, the Dow Jones industrial average was down 40.69 points at 26,518.85. The S&P 500 index was down 0.47 points at 2,904.56, while the Nasdaq composite was down 0.18 points at 7,997.88. The... Read More

CannTrust preliminary estimates shows Q1 net revenue to more than double

CannTrust preliminary estimates shows Q1 net revenue to more than double
VAUGHAN, Ont. — CannTrust Holdings Inc. says the company’s net revenue for its first full quarter after legalization of recreational cannabis will be $17 million, more than double what it was a year earlier. The cannabis producer says it hasn’t finalized its results for the quarter ended March 31 but preliminary estimates show net revenue will be up 116 per cent... Read More

Acquisitions, insolvencies cited as drilling company count tumbles by 40%

Acquisitions, insolvencies cited as drilling company count tumbles by 40%
CALGARY — A research report by AltaCorp Capital shows the number of companies actively drilling in Canada has declined by 40 per cent since the oil price crash of late 2014. The analysis cites industry data which shows only 26 drilling contractors have been working so far in 2019, 17 fewer than observed in 2014. It says consolidation is the biggest... Read More