Macquarie Group shuts down equity sales, trading and research businesses in Canada

Macquarie Group shuts down equity sales, trading and research businesses in Canada
TORONTO — Australian financial services firm Macquarie Group is shutting down its equity sales, trading and research businesses across Canada, the company confirmed. A Macquarie spokesperson would not comment on how many jobs have been impacted. It is understood that the job cuts were in Toronto and Calgary. The spokesperson said the firm remains “committed’ to Canada, and it will continue to provide domestic... 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 (16,600.37, down 13.09 points). Sherritt International Corp. (TSX:S). Materials. Down 6.5 cents, or 25 per cent, to 19.5 cents on 10.5 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up two cents, or 0.85 per cent, to $2.36 on 9.3 million shares. Prometic Life Sciences Inc. (TSX:PLI). Health care. Unchanged at six cents... Read More

Anadarko opens Occidental buyout talks; Chevron in the wings

Anadarko opens Occidental buyout talks; Chevron in the wings
HOUSTON — Anadarko is resurrecting buyout talks with Occidental, setting up a bidding war with Chevron which has offered $33 billion for the energy company. Anadarko Petroleum Corp. accepted Chevron’s bid even though it had been in talks with Occidental for some time. It said Monday that it’s reopened talks with Occidental because its bid may be better than the... Read More

NEO scores first billion-dollar listing with U.S. pot firm Columbia Care

NEO scores first billion-dollar listing with U.S. pot firm Columbia Care
TORONTO — The upstart NEO Exchange scored its first billion-dollar corporate listing today with U.S. medical cannabis producer Columbia Care. The New-York based cultivator, manufacturer and dispensary operator made its debut with a market capitalization of more than $2-billion. The stock exchange said Monday the multi-state operator, with a presence in roughly 15 states, is the first company to list on the NEO with an enterprise value... Read More

Newmont Goldcorp suspends Penasquito operations due to local blockade

Newmont Goldcorp suspends Penasquito operations due to local blockade
VANCOUER, B.C. — Newmont Goldcorp Corp. says it will temporarily suspend operations at its only operating mine in Mexico because of a local blockade. The company says the Penasquito mine in Zacatecas will stay shut pending resolution of what it says is an illegal blockade started March 27 by a trucking contractor and some members of the Cedros community. It says... Read More

Streaming service Spotify hits 100 million paid user mark

Streaming service Spotify hits 100 million paid user mark
COPENHAGEN — Music streaming service Spotify said Monday that its paying subscribers have reached 100 million for the first time, up 32% on the year and almost twice the latest figures for Apple Music. The Stockholm-based company called the figure, which was reached during the first three months of 2019, “an important milestone.” The growth was driven, among other things,... Read More

BMO fined 1.25M euros by Ireland’s central bank for breaching licence conditions

BMO fined 1.25M euros by Ireland’s central bank for breaching licence conditions
TORONTO — The Bank of Montreal’s Irish subsidiary has been fined 1.25 million euros by Ireland’s central bank for breaching a condition of its banking licence. The central bank says the Bank of Montreal Ireland plc. failed to establish and maintain processes and controls to ensure the submission of certain reports regarding operational risk. It said BMO has admitted the breaches in... Read More

Financials help Toronto stocks edge higher, U.S. stock markets also creep up

Financials help Toronto stocks edge higher, U.S. stock markets also creep up
TORONTO — Strength in the heavyweight financial sector helped Canada’s main stock index edge higher in late-morning trading, while U.S. stock markets also crept upward. The S&P/TSX composite index was up 8.28 points at 16,621.74. In New York, the Dow Jones industrial average was up 2.04 points at 26,545.37. The S&P 500 index was up 2.89 points at 2,942.77, while... Read More