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 (16,353.45, up 51.54 points). Whitecap Resources Inc. (TSX:WCP). Energy. Down 12 cents, or 2.9 per cent, to $4.02 on 13.4 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up 22 cents, or 10.09 per cent, to $2.40 on 12.2 million shares. RNC Minerals. (TSX:RNX). Materials. Up five... Read More

Bank of Canada deputy governor says flexible exchange rate helps economy

Bank of Canada deputy governor says flexible exchange rate helps economy
EDMONTON — Canada’s flexible exchange rate has helped the economy adjust to external shocks and contributed to low and stable inflation, a senior Bank of Canada official said Monday. Speaking in Edmonton, deputy governor Lawrence Schembri said while the central bank’s inflation target normally gets most of the attention, the value of the floating dollar risks being overlooked. “The flexible exchange rate has helped... Read More

The corporate winners and losers from the Toronto Raptors’ historic win

The corporate winners and losers from the Toronto Raptors’ historic win
We The North mania spread across Canada as the Toronto Raptors created history as the first Canadian team to win an NBA championship, and businesses attempted to capitalize on the frenzy. Some came out on top earning the goodwill of fans, while others garnered negative publicity. Here’s a look at some of the business winners and losers of the Raptors’... Read More

Oil and gas sector cautious as clock ticks down to Trans Mountain decision

Oil and gas sector cautious as clock ticks down to Trans Mountain decision
CALGARY — Observers on the front lines of Western Canada’s oil and gas sector are looking forward to what’s widely expected to be approval of the Trans Mountain pipeline expansion on Tuesday while acknowledging the decision by Ottawa won’t solve all problems. CEO Clayton Byrt of Pimee Well Servicing LP, a service rig company owned by six northern Alberta First... Read More

Shoppers to use blockchain technology to track medical cannabis quality

Shoppers to use blockchain technology to track medical cannabis quality
SAINT JOHN, N.B. — The vice-president of business development at Shoppers Drug Mart says blockchain technology can provide a comfort level for doctors and pharmacists about the quality of medical cannabis. Ken Weisbrod says his company has signed a deal with TruTrace Technologies for a pilot program to provide the software to track medical cannabis from seed to final product. He says the source... Read More

Street Capital to be acquired by RFA Capital for $85 million

Street Capital to be acquired by RFA Capital for $85 million
TORONTO — Mortgage lender Street Capital Group Inc. has agreed to be acquired by RFA Capital Holdings Inc. in a cash deal worth about $85 million. The Canadian-owned investment company focused on real estate will acquire all issued and outstanding common shares of Street Capital for 68 cents each, representing a 36-per-cent premium to Street’s closing share price on Friday. Under the deal, Street Capital would gain access to up... Read More

Energy sector helps lead the way up on TSX, U.S. stock also gain ground

Energy sector helps lead the way up on TSX, U.S. stock also gain ground
TORONTO — The energy sector helped lead a broad-based support for stocks as Canada’s main stock index moved higher in late-morning trading while U.S. stocks also increased. The S&P/TSX composite index was up 43.03 points at 16,344.94. In New York, the Dow Jones industrial average was up 69.09 points at 26,158.70. The S&P 500 index was up 8.89 points at... Read More

Aerospace industry at risk of further decline, says report by Jean Charest

Aerospace industry at risk of further decline, says report by Jean Charest
MONTREAL — A new industry report says the aerospace industry is at risk of being overtaken by foreign rivals if government doesn’t work with the sector. New funding commitments, Canada-first defence procurement and fresh talent amid a labour crunch are key to staunching the decline, according to the Aerospace Industries Association of Canada report, authored by former Quebec premier Jean Charest.... Read More

BidFair USA taking Sotheby’s private in deal worth $3.7B

BidFair USA taking Sotheby’s private in deal worth $3.7B
NEW YORK — BidFair USA is taking auction house Sotheby’s private in a deal valued at $3.7 billion. BidFair USA will pay $57 per share, which is a 61% premium to the company’s Friday closing stock price. BidFair USA is owned by media and telecom entrepreneur and art collector Patrick Drahi. He founded Altice in 2001. Sotheby’s, founded in 1744,... Read More