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 (16,312.22, down 59.06 points). Bombardier Inc. (TSX:BBD.B). Industrials. Unchanged at $2.25 on 8.2 million shares. Element Fleet Management Corp. (TSX:EFN). Financials. Down 10 cents, or 1.03 per cent, to $9.61 on 6.8 million shares. Encana Corp. (TSX:ECA). Energy. Up 29 cents, or 4.57 per cent,... Read More

Scotiabank to sell Puerto Rico, U.S. Virgin Islands assets to OFG Bancorp

Scotiabank to sell Puerto Rico, U.S. Virgin Islands assets to OFG Bancorp
TORONTO — The Bank of Nova Scotia says it has reached a deal to sell its operations in Puerto Rico and the U.S. Virgin Islands to Oriental Bank, a subsidiary of OFG Bancorp. OFG Bancorp says it is acquiring the Toronto-based bank’s Puerto Rico operation for $550 million in cash, and Scotiabank’s U.S. Virgin Island branch operation for a $10 million deposit premium. Scotiabank... Read More

TSX falls despite higher crude oil prices as defensive stocks take hit

TSX falls despite higher crude oil prices as defensive stocks take hit
TORONTO — Canada’s main stock index closed lower midweek even though higher crude oil prices lifted the key energy sector. The S&P/TSX composite index was down 59.06 points at 16,312.22. In New York, the Dow Jones industrial average was down 11.40 points at 26,536.82. The S&P 500 index was down 3.60 points at 2,913,78, while the Nasdaq composite was up 25.25 points at 7,909.97.... Read More

Tesla: Sales record within reach but deliveries are problem

Tesla: Sales record within reach but deliveries are problem
DETROIT — Tesla is close to setting a quarterly record for deliveries, but the company is having trouble shipping vehicles to the right places as the second quarter comes to a close, CEO Elon Musk told workers in an internal memo. Musk wrote that the company could break the record of 90,700 deliveries set in last year’s fourth quarter if... Read More

Pressure BioSciences Announces Achievement of First Major Milestone in Development of Potential Breakthrough Processing Method for Higher Quality and Safer Food and Beverages

Pressure BioSciences Announces Achievement of First Major Milestone in Development of Potential Breakthrough Processing Method for Higher Quality and Safer Food and Beverages
Proprietary, Custom Built UST-Based Instrument Delivered to Collaborators at The Ohio State University; OSU Scientists to Study Pressure and Shear Effects on Pathogen Inactivation, Stability, and Quality Pressure BioSciences, Inc. (OTCQB: PBIO) (“PBI” or the “Company”), a leader in the development and sale of broadly enabling, pressure-based technology and products to the worldwide life sciences industry, today announced the achievement... Read More

Shippers say high water levels could wash away more than $1 billion in revenues

Shippers say high water levels could wash away more than $1 billion in revenues
MONTREAL — Shippers and port operators say rising water levels in the St. Lawrence Seaway could cost the economy more than $1 billion. A new study from the Chamber of Marine Commerce warns that opening the floodgates further at a dam in Cornwall, Ont., would wash away between $1 billion and $1.75 billion in revenue for businesses on both sides of the border.... Read More

Youth minimum wage rollbacks won’t apply at this year’s Calgary Stampede

Youth minimum wage rollbacks won’t apply at this year’s Calgary Stampede
CALGARY — A rollback to Alberta’s minimum wage for young people won’t apply to those working at this year’s Calgary Stampede. The marquee 10-day celebration of cowboy culture kicks off on July 5. A new $13-per-hour minimum wage for workers aged 13 to 17 takes effect today. The old $15 rate, the highest in Canada, remains in place for everyone else. Stampede spokeswoman Jennifer Booth says... Read More

Corus reports $66.4M third-quarter profit, television ad revenue up

Corus reports $66.4M third-quarter profit, television ad revenue up
TORONTO — Corus Entertainment Inc. had a $66.4-million net profit attributable to shareholders in its latest quarter, as an increase in television advertising helped to boost revenue. The owner of the Global television network, specialty TV channels and radio stations said the profit amounted to 31 cents per diluted share for the quarter ended May 31. The profit compared with... Read More

Dried cannabis sales up 6 per cent in April, inventories rise 215,665 kilograms

Dried cannabis sales up 6 per cent in April, inventories rise 215,665 kilograms
OTTAWA — Heath Canada says sales of legal dried cannabis grew 16 per cent in April compared with the prior month. More than 8,800 kilograms of recreational and medical cannabis was sold in the month, up from 7,627 kilograms in March. Total cannabis oil sales grew 3.5 per cent to 8,196 litres. Almost 76 per cent of dried cannabis sales were non-medical... Read More