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 (16,131.47, down 165.99 points). Avalon Advanced Materials Inc. (TSX:AVL). Materials. Up one cent, or eight per cent, to 13.5 cents on 15.7 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down three cents, or 1.46 per cent, to $2.02 on 6.2 million shares. Encana Corp. (TSX:ECA). Energy. Down 43 cents,... Read More

Trade war escalation ‘major preoccupation’ for Bank of Canada: top official

Trade war escalation ‘major preoccupation’ for Bank of Canada: top official
OTTAWA — A top Bank of Canada official says with the economy already caught in the middle of the U.S.-China trade war, further escalation of global trade conflicts is a “major preoccupation” for policy-makers. Senior deputy governor Carolyn Wilkins told a Calgary audience Thursday that the clash between Canada’s top trading partners was a main point of discussion ahead of the central bank’s decision this week to leave its interest rate unchanged. “China... Read More

Fitch Ratings agency upgrades rating outlook for Ontario from negative to stable

Fitch Ratings agency upgrades rating outlook for Ontario from negative to stable
TORONTO — Fitch Ratings agency has upgraded its rating outlook for Ontario from negative to stable and is maintaining its credit rating at AA-. Fitch says that is based on the expectation that Ontario will balance its budget in 2023-24, as the Progressive Conservatives promised in their recent budget. The agency says it will be “challenging” for the government to keep... Read More

Laurentian raises dividend, reports second-quarter profit down from year ago

Laurentian raises dividend, reports second-quarter profit down from year ago
MONTREAL — Laurentian Bank Financial Group raised its quarterly dividend by penny as it reported a lower second-quarter profit compared with a year ago as took a hit from severance and other restructuring charges. The bank says it will now pay a quarterly dividend of 66 cents per share. The increased payment to shareholders came as Laurentian says it earned... Read More

Energy and financials weigh TSX, while U.S. stocks edge higher; Loonie up

Energy and financials weigh TSX, while U.S. stocks edge higher; Loonie up
TORONTO — Losses in the key energy and financial sectors weighed on stocks in Toronto in late-morning trading as Canada’s main stock index lost ground. The S&P/TSX composite index was down 40.49 points at 16,090.98. In New York, the Dow Jones industrial average was up 16.53 points at 25,142.94. The S&P 500 index was up 6.68 points at 2,789.70, while... Read More

National Bank Q2 net income up but falls just short of analyst estimates

National Bank Q2 net income up but falls just short of analyst estimates
MONTREAL — National Bank of Canada hiked its dividend as it reported second-quarter profit was up compared to a year ago, but its latest earnings fell just short of market expectations. The lender increased its quarterly payment to shareholders by three cents to 68 cents per share. The Montreal-based bank’s net income for the quarter ended April 30 amounted to $558 million or $1.51 per... Read More

Are you on speaking terms with your old pensions? Ignoring them could cost you

Are you on speaking terms with your old pensions? Ignoring them could cost you
TORONTO — If you haven’t thought about the pension funds you’ve racked up at previous jobs for a while, it might be a good idea to check in. Not keeping in touch with plan administrators at those old workplaces could see you missing out on important decisions, and in some cases even lose you money. While there isn’t reliable data on just how... Read More

BRP Inc. boosts first-quarter profit and revenue, raises 2020 guidance

BRP Inc. boosts first-quarter profit and revenue, raises 2020 guidance
VALCOURT, Que. — BRP Inc. topped profit estimates in its latest quarter as acquisitions in its marine segment and strong sales of a new three-wheel vehicle drove a 17 per cent revenue boost compared with a year ago. “We have experienced strong retail momentum in North America and Europe with all our sectors trending positively,” said chief executive Jose Boisjoli... Read More