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 (16,131.47, down 165.99 points). Avalon Advanced Materials Inc. (TSX:AVL). Materials. Up five cents, or 66.67 per cent, to 12.5 cents on 10.9 million shares. Encana Corp. (TSX:ECA). Energy. Down three cents, or 0.38 per cent, to $7.89 on 6.7 million shares. Canadian Natural Resources Ltd. (TSX:CNQ).... Read More

China dangles a potentially harmful new threat in trade war

China dangles a potentially harmful new threat in trade war
WASHINGTON — Facing new trade sanctions and a U.S. clampdown on its top telecommunications company, China issued a pointed reminder Wednesday that it has yet to unleash all its weapons in its trade war with the Trump administration. Chinese state media warned that Beijing could cut America off from exotic minerals that are widely used in electric cars and mobile... Read More

Judge rules SNC-Lavalin headed to trial on charges of fraud, corruption

Judge rules SNC-Lavalin headed to trial on charges of fraud, corruption
MONTREAL — A Quebec judge has ruled there is enough evidence to send SNC-Lavalin Group Inc. to trial on charges of fraud and corruption. The decision is the latest step in criminal proceedings that began last fall after the Montreal-based engineering and construction giant failed to secure a deferred prosecution agreement, a kind of plea deal that would have seen the firm agree to... Read More

CMHC first-quarter earnings increase to $394 million despite dip in revenues

CMHC first-quarter earnings increase to $394 million despite dip in revenues
OTTAWA — Canada Mortgage and Housing Corp. says its net income increased to a more normalized rate in the first quarter as the country’s economy continued to modestly improve. The country’s largest mortgage insurer says it earned $394 million for the three months ending March 31, up from $293 million in the same period a year earlier and compared with $370... Read More

Canada Goose shares fall more than 20% on slower revenue growth guidance

Canada Goose shares fall more than 20% on slower revenue growth guidance
TORONTO — Canada Goose Holdings Inc. shares plummeted more than 20 per cent this morning on Canadian and U.S. stock markets after it released its most recent quarterly earnings. The luxury parka company’s shares fell $15.30 or 22.96 per cent to 51.33 on the Toronto Stock Exchange and dropped US$11.04 or 22.54 per cent to US$37.95 on the New York Stock... Read More

Bank of Canada to weigh in on economy, expected to leave interest rate unchanged

Bank of Canada to weigh in on economy, expected to leave interest rate unchanged
OTTAWA — Bank of Canada governor Stephen Poloz is widely expected to leave his trend-setting interest rate unchanged today — and he appears in no hurry to move the rate any time soon. The policy announcement will come at a time when the economy is starting to show signs of picking up its pace after a winter deceleration that was largely caused by a drop in oil prices.... Read More

Canadian Natural buying Devon Energy’s Canadian assets for $3.8 billion

Canadian Natural buying Devon Energy’s Canadian assets for $3.8 billion
CALGARY — Canadian Natural Resources Ltd. has signed a deal to buy the Canadian operations of Devon Energy Corp. for $3.8 billion. The assets include thermal in situ oilsands production and conventional primary heavy crude oil operations located adjacent to existing Canadian Natural assets. The production acquired under the deal totals 128,300 barrels per day, including 108,200 from the thermal in situ operations... Read More

BMO raises its dividend as it reports net income jump, but misses estimates

BMO raises its dividend as it reports net income jump, but misses estimates
TORONTO — The Bank of Montreal hiked its dividend as it reported net income of $1.5 billion in its second quarter, up by 20 per cent fuelled by the lender’s footprint south of the border, but missed market estimates. The lender increased its quarterly payment to shareholders by three cents to $1.03 per share. BMO said Wednesday its profit amounted to $2.26 per diluted share for the quarter ended April 30, compared with $1.25... Read More