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 (16,327.35, down 99.12 points). Prometic Life Sciences Inc. Health care. Unchanged at 4.5 cents on 14.2 million shares. First Quantum Minerals Ltd. (TSX:FM). Materials. Down $1.17, or 10.64 per cent, to $9.83 on 8.9 million shares. Wallbridge Mining Company Ltd. (TSX:WM). Materials. Down six cents, or 17.39 per... Read More

Encana CEO says Canadian oilfield would produce more if regulated in the U.S.

Encana CEO says Canadian oilfield would produce more if regulated in the U.S.
CALGARY — The CEO of Encana Corp. says Western Canada’s Montney oil and gas region would be two to four times more productive if it was in the United States with its more efficient regulatory systems. Doug Suttles says the enormous hydrocarbon-bearing formation that underlies the Alberta-B.C. border can compete with premier Texas shale oilfields but it’s being held back by a “cumbersome”... Read More

Liberals ask news groups to name panel to decide eligibility for journalism aid

Liberals ask news groups to name panel to decide eligibility for journalism aid
OTTAWA — The Liberal government is inviting eight news associations to nominate candidates to a panel that will help figure out which media outlets will be eligible to benefit from a $595-million package to support the struggling industry. The eight associations include News Media Canada, the Association de la presse francophone, the Quebec Community Newspaper Association, the National Ethnic Press and Media Council of Canada, the Canadian... Read More

British Steel collapses, threatening thousands of jobs

British Steel collapses, threatening thousands of jobs
LONDON — Britain’s Insolvency Service says British Steel has been ordered into compulsory liquidation after talks with the government failed to secure a bailout. The move threatens some 5,000 workers employed by the company, with another 20,000 jobs in the supply chain. The official receiver says in a statement Wednesday that the immediate priority is the safe operation of the... Read More

CIBC reports Q2 profit up from a year ago, provisions for credit losses up

CIBC reports Q2 profit up from a year ago, provisions for credit losses up
TORONTO — Canadian Imperial Bank Of Commerce has reported a second-quarter profit of $1.35 billion, up from $1.32 billion in the same quarter last year. The increase came as a decline in profit at the Toronto-based lender’s Canadian personal and small business banking business was offset by gains in other parts of the bank. CIBC says its overall profit amounted... Read More

Barrick proposes to consolidate ownership of Acacia Mining with stock swap

Barrick proposes to consolidate ownership of Acacia Mining with stock swap
TORONTO — Barrick Gold Corp. has made a proposal to acquire the shares in Acacia Mining that it does not already own. Under the proposal, Barrick, which holds a majority stake in the African gold miner, would swap 0.153 of a Barrick share for each Acacia share. The offer implies a value for Acacia of US$787 million, and the total consideration for... Read More

Canopy Growth to acquire skin-care company This Works for $73.8 million

Canopy Growth to acquire skin-care company This Works for $73.8 million
SMITHS FALLS, Ont. — Canopy Growth Corp. has signed a deal to buy skin-care company This Works for $73.8 million in cash. The Ontario-based cannabis company says This Works will be part of its entry into the natural wellness industry and boost its international presence. Based in London, This Works offers a range of natural skin-care and sleep products. CBD,... Read More