Data scientist drops Facebook defamation suit

Data scientist drops Facebook defamation suit
Aleksandr Kogan, the data scientist at the centre of Facebook’s Cambridge Analytica privacy scandal, said he is dropping a defamation lawsuit against the social network rather than engage in an expensive, drawn-out legal battle. Kogan, 33, sued the social giant in March, claiming it scapegoated him to deflect attention from its own misdeeds, thwarting his academic career in the process.... Read More

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 (16,471.29, up 89.09 points). Encana Corp. (TSX:ECA). Energy. Down 21 cents, or 3.12 per cent, to $6.51 on 6.1 million shares. Barrick Gold Corp. (TSX:ABX). Materials. Down 20 cents, or 0.97 per cent, to $20.47 on 5.1 million shares. Prometic Life Sciences Inc. (TSX:PLI). Health care. Unchanged at... Read More

TSX moves higher a day after New York market hits record high on China talk

TSX moves higher a day after New York market hits record high on China talk
TORONTO — Canada’s main stock index closed higher Tuesday despite a big fall in oil prices, a day after a U.S. market hit a record high on weekend China trade movements. The S&P/TSX composite index gained 89.09 points to 16,471.29 in trading after the Canada Day holiday. That’s just one per cent short of the all−time high set in April. “I think it probably is... Read More

TSX moves higher a day after New York market hits record high on China talk

TSX moves higher a day after New York market hits record high on China talk
TORONTO — Canada’s main stock index moved higher despite big fall in oil prices, a day after a U.S. market hit a record high on China trade movements. The S&P/TSX composite index closed up 89.09 points to 16,471.29 in trading after the Canada Day holiday. In New York, the Dow Jones industrial average was up 69.25 points at 26,786.68. The S&P 500 index was up 8.68... Read More

CN Rail on pace for record movement of western Canadian grain after strong June

CN Rail on pace for record movement of western Canadian grain after strong June
WINNIPEG — Canadian National Railway says it is on track to move record quantities of western Canadian grain after a strong June. The country’s largest railway says it transported more than 2.3 million tonnes of grain last month. The total was up nearly 16 per cent from the 1.99 million tonnes moved last year and above the three-year average of 1.8 million tonnes.... Read More

Financials and industrials boost TSX, U.S. markets mixed at late morning

Financials and industrials boost TSX, U.S. markets mixed at late morning
TORONTO — The financial and industrial sectors helped boost Canada’s main stock index higher as the price of oil and the energy sector fell in late-morning trading. The S&P/TSX composite index was up 61.95 points at 16,444.15 in trading after the Canada Day holiday. In New York, the Dow Jones industrial average was up 3.01 points at 26,720.44. The S&P 500... Read More

Hydro One Ltd. names Tim Hodgson as the utility’s next chairman starting Aug. 1

Hydro One Ltd. names Tim Hodgson as the utility’s next chairman starting Aug. 1
TORONTO — Hydro One Ltd. says Tim Hodgson has been appointed by its board of directors to serve as the utility’s chairman starting next month. He will replace Tom Woods, who announced last week that he would step down from the role at the end of July. Hodgson is managing partner of Alignvest Management Corp., a private alternative asset management... Read More

Dollarama signs deal for stake in Latin American retailer Dollarcity

Dollarama signs deal for stake in Latin American retailer Dollarcity
MONTREAL — Dollarama Inc. has signed a deal to by a 50.1 per cent stake in Latin American retailer Dollarcity. Under the deal, Montreal-based retailer said the estimated purchase price was in a range from US$85 million to US$95 million based on financial projections provided by Dollarcity management. Dollarama will make a US$40-million payment upon closing the deal and settle the balance... Read More

First Nations push for greater share of forestry tenures as policies evolve

First Nations push for greater share of forestry tenures as policies evolve
The foundations of Canada’s forestry sector are changing as First Nations, strengthened by legal victories and legislation, look for more control of the woods. A greater share of forestry rights could help open the way to greater economic independence, and is backed by a growing body of case law that affirms treaty rights, land title and duties to consult, said... Read More