Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,164.61, down 162.74 points). Encana Corp. (TSX:ECA). Energy. Down 63 cents, or 7.23 per cent, to $8.08 on 10 million shares. First Quantum Minerals Ltd. (TSX:FM). Materials. Up two cents, or 0.2 per cent, to $9.85 on 6.8 million shares. B2Gold Corp. (TSX:BTO). Materials. Down one cents, or 0.3... Read More

CMHC defends mortgage stress test changes amid calls for loosening rules

CMHC defends mortgage stress test changes amid calls for loosening rules
OTTAWA — The Canada Mortgage and Housing Corporation is defending the mortgage stress test amid calls for the measure to be changed. President Evan Siddall says in a letter to the Standing Committee on Finance that the new measure is working as intended to lower house prices and protect Canadians from borrowing too much money. He says changes in stress... Read More

Donor-advised fund can be used to establish charitable legacy, experts say

Donor-advised fund can be used to establish charitable legacy, experts say
OTTAWA — Millions of Canadians dig into their wallets and donate to charities every year, but if you want to build a lasting charitable legacy, experts say a donor-advised fund might be for you. Bibi Patel, vice-president at the Ottawa Community Foundation, says a donor-advised fund is like having your own private foundation, but without the administrative headaches. “It offers... Read More

Cape Breton coal mine to reopen rock face where small methane fire broke out

Cape Breton coal mine to reopen rock face where small methane fire broke out
DONKIN, N.S. — Nova Scotia’s Labour Department has lifted a stop-work order imposed on a Cape Breton coal mine after a methane fire broke out Tuesday afternoon on one rock face. Harold Carroll, the provincial Labour Department’s executive director of occupational health and safety, said today the fire was caused by a mining machine striking a rock, causing sparks that ignited a small pool of... Read More

Aben Announces Ambitious Exploration Plans for Justin Gold Project in the Yukon and Forrest Kerr Gold Project in BC’s Golden Triangle Region

Aben Announces Ambitious Exploration Plans for Justin Gold Project in the Yukon and Forrest Kerr Gold Project in BC’s Golden Triangle Region
VANCOUVER – Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) has provided an update on the Company’s plans for the coming 2019 drill season at the 100% owned 7,400-hectare Justin Gold Project in the Yukon and the 23,000-hectare Forrest Kerr Gold Project in the Golden Triangle region of British Columbia. This year, the Company plans to extend its drilling season one month by initiating... Read More

Alberta throne speech followed by bill to repeal provincial carbon tax

Alberta throne speech followed by bill to repeal provincial carbon tax
EDMONTON — Premier Jason Kenney put forward a bill Wednesday to kill the Alberta carbon tax — and he put Ottawa politicians on notice that if they try to backstop it with their own levy, he’ll see them in court. “Promise made. Promise kept,” Kenney told reporters as his new United Conservative government tabled its signature bill of the new legislature session. An Act to Repeal... Read More

Royal Bank reports $3.23 billion Q2 profit, provisions for credit losses climb

Royal Bank reports $3.23 billion Q2 profit, provisions for credit losses climb
TORONTO — Royal Bank of Canada earned $3.23 billion in its latest quarter, helped by growth in its capital markets, personal and commercial banking and wealth management businesses. The bank says the profit amounted to $2.20 per diluted share for the quarter ended April 30. The result compared with a profit of $3.06 billion or $2.06 per diluted share a... Read More