Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,371.28, down 152.19 points). Barrick Gold Corp. (TSX:ABX). Materials. Down 33 cents, or 1.54 per cent, to $21.08 on 9.6 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up six cents, or 2.74 per cent, to $2.25 on 7 million shares. Kinross Gold Corp. (TSX:K). Materials. Down eight... Read More

Lawsuit argues new air travel rules violate passengers’ charter rights

Lawsuit argues new air travel rules violate passengers’ charter rights
OTTAWA — Two advocates have filed a lawsuit against Canada’s transport regulator, arguing that new air travel rules that allow tarmac delays of nearly four hours violate the charter rights of some Canadians living with a disability. Bob Brown, a disability rights advocate, says the long-awaited regulations reduce by up to 2,000 kilometres the distance he can travel by air... Read More

Stocks in Toronto and U.S. down on signal about smaller Fed rate cut

Stocks in Toronto and U.S. down on signal about smaller Fed rate cut
TORONTO — Canada’s main stock index posted a triple-digit decline and U.S. markets fell after the Federal Reserve signalled an interest rate cut next month could be smaller than forecast. The S&P/TSX composite index closed down 152.19 points to 16,371.28. In New York, the Dow Jones industrial average was down 179.32 points at 26,548.22. The S&P 500 index was down... Read More

Enmax CEO Gianna Manes says she will retire from city-owned utility next spring

Enmax CEO Gianna Manes says she will retire from city-owned utility next spring
CALGARY — The CEO of Enmax Corp. says she will retire next spring after leading the city-owned utility to its first major U.S. investment earlier this year. Gianna Manes, who has guided the City of Calgary-owned electricity generator and distributor since 2012 and was twice named one of Canada’s most powerful women by the Women’s Executive Network in that time, says she will... Read More

Stocks in Toronto and U.S. down in late-morning trading, loonie up

Stocks in Toronto and U.S. down in late-morning trading, loonie up
TORONTO — Canada’s main stock index posted a triple-digit decline on broad-based weakness as the key financial, industrial and materials sectors moved lower. The S&P/TSX composite index was down 103.86 points at 16,419.61. In New York, the Dow Jones industrial average was down 43.83 points at 26,683.71. The S&P 500 index was down 10.60 points at 2,934.75, while the Nasdaq... Read More

Group Mach reaches deal with Quebec, drops financing condition of Transat bid

Group Mach reaches deal with Quebec, drops financing condition of Transat bid
MONTREAL — Group Mach Inc. says it has reached a non-binding agreement with the Quebec government in connection with its bid for Transat AT Inc. and dropped a key financing condition. The real estate development firm has proposed to acquire all of Transat’s shares for $14 each or roughly $527.6 million. Transat began exclusive talks with Air Canada, set to end... Read More

Bombardier sells regional jet business to Japanese firm Mitsubishi

Bombardier sells regional jet business to Japanese firm Mitsubishi
MONTREAL — Bombardier Inc. announced Tuesday a deal to sell its regional jet program to Mitsubishi Heavy Industries Ltd. for US$550 million. Bombardier chief executive Alain Bellemare said the agreement represents the completion of the transformation of the company’s aerospace business. “With our aerospace transformation now behind us, we have a clear path forward and a powerful vision for the future,”... Read More

SpaceX launches hefty rocket with 24 satellites

SpaceX launches hefty rocket with 24 satellites
CAPE CANAVERAL, Fla. — SpaceX launched its heftiest rocket with 24 research satellites Tuesday, a middle−of−the−night rideshare featuring a deep space atomic clock, solar sail, a clean and green rocket fuel testbed, and even human ashes. It was the third flight of a Falcon Heavy rocket, but the first ordered by the military. The Defence Department mission, dubbed STP−2 for Space Test... Read More