Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,216.26, down 14.70 points). Encana Corp. (TSX:ECA). Energy. Up three cents, or 0.45 per cent, to $6.73 on 8.4 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up seven cents, or 3.38 per cent, to $2.14 on 5.9 million shares. Cenovus Energy Inc. (TSX:CVE). Energy. Up four cents, or 0.37 per... Read More

Desjardins launches $45M fintech fund as competition heightens

Desjardins launches $45M fintech fund as competition heightens
LEVIS, Que. — Desjardins Group has launched a new $45-million fintech investment fund in a bid to tap into cutting-edge technology as competition heightens. The co-operative financial group says these investments are aimed at “significantly” improving the client experience by accelerating its “digital transformation.” It added that the investment pool will support businesses that use “innovative operational, technological or economic models” to address existing or emerging issues. The... Read More

Canaccord to buy Australian securities business Patersons for $23 million

Canaccord to buy Australian securities business Patersons for $23 million
TORONTO — Canaccord Genuity Group Inc. has struck a deal to acquire Australian financial services firm Patersons Securities Ltd. for roughly $23 million in cash. The Melbourne-based securities business has operations in wealth management and capital markets. Canaccord chief executive Dan Daviau says the addition of Patersons is part of its strategy to increase the scale of its wealth management operations... Read More

Aben Resources Commences Drilling at Justin Gold Project in Eastern Yukon

Aben Resources Commences Drilling at Justin Gold Project in Eastern Yukon
VANCOUVER – Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) has announced, further to its news releases on May 23rd and June 6th, it has commenced drilling at its 100% owned Justin Gold Project located in the Eastern Yukon and adjacent to Golden Predators Three Aces Project. The 2019 exploration program at Justin will entail 1350 meters of diamond drilling and 600 meters of... Read More

Canada Pension Plan’s money managers worth more than they cost, PBO says

Canada Pension Plan’s money managers worth more than they cost, PBO says
OTTAWA — The parliamentary budget officer says having the money in the Canada Pension Plan fund actively managed by investment experts has been worth nearly $50 billion in extra returns since the mid-2000s. In a report Monday, the PBO compares the growth in the $392-billion public pension fund to what the same money would have made in “passive” investments that... Read More

Tilray shares jump on deal with biggest shareholder

Tilray shares jump on deal with biggest shareholder
NANAIMO, B.C. — Tilray Inc.’s stock soared after it signed a deal to merge with its largest shareholder while also putting limits on the release of resulting new shares in the Canadian cannabis company for two years. Under the agreement, U.S. private equity firm Privateer Holdings Inc. will become a subsidiary of the Canadian cannabis company. However, new Tilray shares distributed as a result of the... Read More

Financials, tech and health care boost TSX, U.S. stocks also move higher

Financials, tech and health care boost TSX, U.S. stocks also move higher
TORONTO — Canada’s main stock index moved higher in late-morning trading, helped by gains in the financial, technology and health care sectors. The S&P/TSX composite index was up 18.63 points at 16,249.59. In New York, the Dow Jones industrial average was up 175.01 points at 26,158.95. The S&P 500 index was up 25.39 points at 2,898.73, while the Nasdaq composite... Read More

Green Growth plans 70 new CBD shops in Brookfield Properties’ malls

Green Growth plans 70 new CBD shops in Brookfield Properties’ malls
COLUMBUS, Ohio — Green Growth Brands Inc. has signed a deal to open more than 70 new CBD stores at Brookfield Properties’ shopping centres throughout the United States. The Ohio-based cannabis company says these stores will sell CBD-infused personal care products under its existing Seventh Sense banner and under a new brand called Green Lily. The chief executive of Brookfield... Read More

HBC stock has best day in years, up on news of asset sale, privatization plan

HBC stock has best day in years, up on news of asset sale, privatization plan
TORONTO — Hudson’s Bay Co. stock was up 42 per cent Monday after a group of shareholders, including executive chairman Richard Baker, proposed taking the retailer private once it completes the sale of its remaining German holdings for $1.5 billion. The group, which holds a 57 per cent stake in HBC, is offering $9.45 per share in cash to other investors — the same... Read More

Liberals to announce plan to ban single-use plastics as early as 2021

Liberals to announce plan to ban single-use plastics as early as 2021
OTTAWA — The federal government will announce a plan Monday to ban harmful single-use plastics such as drinking straws as early as 2021. A government official with knowledge of the plan says no list of banned products will be unfurled immediately. Rather, the government wants to look at the best evidence and conduct studies to determine which products should be outlawed to... Read More