Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,357.75, down 135.71 points). Enbridge Inc. (TSX:ENB). Energy. Down 11 cents, or 0.22 per cent, to $49.29 on 14.4 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down three cents, or 1.36 per cent, to $2.18 on 12.3 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Down 46 cents,... Read More

Roots Corp. searching for new CFO with August departure of Jim Rudyk

Roots Corp. searching for new CFO with August departure of Jim Rudyk
TORONTO — Clothing retailer Roots Corp. says its chief financial officer is resigning to pursue an opportunity at an unnamed family owned food services company. Jim Rudyk, who has worked to transition Roots to a public company, will be leaving Aug. 9 after three years of service. Toronto-based Roots has hired an executive search firm to start efforts to find a replacement.... Read More

Huawei Canada officials say 5G ban wouldn’t end its commitment to Canada

Huawei Canada officials say 5G ban wouldn’t end its commitment to Canada
MARKHAM, Ont. — The chief security officer for Huawei Canada says the company’s record in Canada shows the China-based company can be trusted to supply the country’s fifth-generation wireless networks. Olivera Zatezalo says there’s never been a security breach from Huawei equipment since the company arrived in Canada more than a decade ago. She made the comments at Huawei Canada headquarters in Markham, Ont., after several officials assured reporters... Read More

Eastern Canada’s largest container terminal sold to Singapore-based port operator

Eastern Canada’s largest container terminal sold to Singapore-based port operator
HALIFAX — A Singapore-based port operator has announced a deal to buy the largest container terminal in Eastern Canada. PSA International Pte Ltd. says it has finalized an agreement to acquire the Halterm terminal at the Port of Halifax from Australia’s Macquarie Infrastructure Partners. The company will also acquire Penn Terminals in Philadelphia from the Australian fund, which is managed by Macquarie Infrastructure and Real... Read More

George Weston nudges quarterly dividend higher, reports first-quarter loss

George Weston nudges quarterly dividend higher, reports first-quarter loss
George Weston Ltd. is starting to stabilize about a year into a multi-year transformation plan, executives say, as the company earned some new business during its most recent quarter. “Today at the conclusion of year one, we’ve seen meaningful progress,” said chief financial officer Richard Dufresne, during the company’s annual general meeting of shareholders Tuesday. The company, which also operates... Read More

MEG Energy reports $48 million loss despite 56% bitumen price increase

MEG Energy reports $48 million loss despite 56% bitumen price increase
CALGARY — Oilsands producer MEG Energy Corp. is reporting a larger-than-expected first-quarter net loss despite a rise in revenue as its average price for blended bitumen rose by 56 per cent compared with the fourth quarter of 2018. The Calgary-based company says it lost $48 million or 16 cents per share in the three months ended March 31, compared with a profit of $141 million or... Read More

WestJet Airlines reports first-quarter profit up, beats expectations

WestJet Airlines reports first-quarter profit up, beats expectations
CALGARY — WestJet Airlines Ltd. topped expectations as it reported its first-quarter profit climbed more than 30 per cent compared with a year ago. The airline says it earned $45.6 million or 40 cents per diluted share for the quarter ended March 31 compared with a profit of $34.2 million or 30 cents per diluted share a year ago. Revenue... Read More

RioCan Real Estate Investment Trust reports Q1 profit up from year ago

RioCan Real Estate Investment Trust reports Q1 profit up from year ago
TORONTO — RioCan Real Estate Investment Trust reported its first-quarter profit rose compared with a year ago, boosted by gains in the value of its investment properties. The trust says it earned $194.5 million or 64 cents per diluted unit in its latest quarter, up from $137.2 million or 43 cents per diluted unit in the same quarter last year.... Read More