Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,397.40, up 39.65 points). Kinross Gold Corp. (TSX:K). Materials. Up 11 cents, or 2.71 per cent, to $4.17 on 7.7 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Up 28 cents, or 1.16 per cent, to $24.46 on 7 million shares. Element Fleet Management Corp. (TSX:EFN).... Read More

HBC to pay $4.5M to close deceptive pricing probe: Competition Bureau

HBC to pay $4.5M to close deceptive pricing probe: Competition Bureau
OTTAWA — Canada’s competition watchdog says the Hudson’s Bay Co. will pay $4.5 million to resolve a deceptive pricing probe. The Competition Bureau says HBC agreed to pay a $4 million penalty and $500,000 towards costs in the proceedings over whether the retailer misled customers over sleep set prices since at least March 2013. The bureau took legal action against... Read More

GM, Unifor announce investment in Oshawa plant that will save 300 jobs

GM, Unifor announce investment in Oshawa plant that will save 300 jobs
TORONTO — The union representing Canadian auto workers claimed a partial victory Tuesday after General Motors Canada announced an Oshawa, Ont., plant slated to close later this year will be converted to a part-stamping and autonomous vehicle testing facility. Unifor and GM Canada said the transition will cost $170 million and save 300 of the 2,600 union jobs at the plant, with the potential to... Read More

Canada’s two largest railways moved record grain tonnage in April

Canada’s two largest railways moved record grain tonnage in April
MONTREAL — Canada’s two largest railways say they moved a record amount of grain out of Western Canada in April. Canadian National Railway says it shipped 2.72 million tonnes of grain, while Calgary-based rival Canadian Pacific Railway says it moved 2.64 million tonnes. Montreal-based CN says its grain shipments for the month compared with a three-year average of 2.23 million tonnes.... Read More

Torstar gets $18 million boost from Ontario tax credit in Q1, reducing loss

Torstar gets $18 million boost from Ontario tax credit in Q1, reducing loss
TORONTO — Torstar Corp.’s future depends on it successfully becoming a “journalism and data company” with content that attracts paying subscribers and advertisers, chief executive John Boynton told its annual shareholder meeting Wednesday. “Data is the resource that should differentiate Torstar and should build a more sustainable business model into the future,” Boynton said at Torstar headquarters, which is also home to its flagship publication, the Toronto Star.... Read More

Health Canada changes cannabis licensing process in bid to cut wait times

Health Canada changes cannabis licensing process in bid to cut wait times
OTTAWA — Health Canada says it is changing its process for issuing cannabis licenses in a bid to reduce wait times and better use the agency’s resources. The Ottawa-based agency says new applicants for licences to cultivate, process or sell cannabis must now have a fully built site that meets the regulations when they submit their application. Prior to this, cannabis license applicants could submit an application with... Read More

Home Capital Group first-quarter profit slips as mortgage originations rise

Home Capital Group first-quarter profit slips as mortgage originations rise
TORONTO — Home Capital Group Inc. says its first-quarter net income slipped by nearly 20 per cent from a year ago despite growth in its mortgage portfolio. The alternative mortgage lender saw mortgage originations rise 4.9 per cent to $1.22 billion during the three-month period ended March 31, compared with $1.16 billion a year earlier. But Home Capital’s earnings for the quarter... Read More

Lyft posts strong growth, big losses in first public quarter

Lyft posts strong growth, big losses in first public quarter
NEW YORK — Lyft is reporting strong revenue growth but substantial losses in its first quarterly earnings report since its rocky stock market debut. The ride-hailing company posted revenue of $776 million during the first quarter of 2019, nearly doubling the amount it made the same time last year. Their revenues beat expectations of analysts polled by FactSet, who were... Read More