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 (16,576.20, up 104.91 points). Prometic Life Sciences Inc. (TSX:PLI). Health care. Unchanged at two cents on 22.4 million shares. Trevali Mining Corp. (TSX:TV). Materials. Down half a cent, or 1.79 per cent, to 27.5 cents on 5.5 million shares. Crescent Point Energy Corp. (TSX:CPG). Energy. Unchanged... Read More

North American stock markets rise on renewed interest rate cut fever

North American stock markets rise on renewed interest rate cut fever
TORONTO — North American stock markets closed higher with U.S. markets hitting record highs on further anticipation of U.S. interest rate cuts later this month. The S&P/TSX composite index rose 104.91 points to 16,576.20. In New York, the Dow Jones industrial average was up 179.32 points at 26,966.00. The S&P 500 index was up 22.81 points at 2,995.82, while the Nasdaq... Read More

Quebec developer Group Mach withdraws $14-per-share bid for Transat

Quebec developer Group Mach withdraws $14-per-share bid for Transat
MONTREAL — Group Mach says it is withdrawing its bid for Transat A.T., stating the tour operator chose to ignore its proposal even though it featured a higher price than Air Canada’s offer. Alfred Bugge, head of mergers and acquisitions at Group Mach, says Transat was well aware of the Quebec developer’s $14-per-share proposal last week but forged ahead with an Air Canada takeover... Read More

Nutrien says 34 workers trapped underground after service shaft malfunction

Nutrien says 34 workers trapped underground after service shaft malfunction
SASKATOON — Nutrien Ltd. says 34 maintenance workers have been trapped in its Cory potash mine in Saskatchewan since Tuesday afternoon. Company spokesman Will Tigley says the service shaft to lift the workers out of the mine has stopped working and the company is working on a solution. He says the maintenance workers are safe underground and have halted work. Tigley says the... Read More

Metro Vancouver’s benchmark home price falls below $1M in June: real estate board

Metro Vancouver’s benchmark home price falls below $1M in June: real estate board
VANCOUVER — Metro Vancouver’s once hot housing market is experiencing an “expectation gap” between buyers and sellers as the benchmark property price fell under $1 million for the first time since May 2017. “Sellers are often trying to get yesterday’s values for their homes, while buyers are taking a cautious, wait-and-see approach,” Ashley Smith, the real estate board’s president, said... Read More

Indigenous group says Trans Mountain bid could be ready next week

Indigenous group says Trans Mountain bid could be ready next week
CALGARY — An Indigenous-led group says it will soon be ready to make a bid for majority ownership of the controversial Trans Mountain pipeline currently owned by the federal government. The group, called Project Reconciliation, says it will be prepared as early as next week to talk with Ottawa about its proposal for a 51 per cent stake in the pipeline.... Read More

Financials help boost Toronto stock market, U.S. stocks also move higher

Financials help boost Toronto stock market, U.S. stocks also move higher
TORONTO — The financial sector helped lead Canada’s main stock index higher in late-morning trading as U.S. stock markets also pushed higher. The S&P/TSX composite index was up 52.76 points at 16,524.05. In New York, the Dow Jones industrial average was up 82.69 points at 26,869.37. The S&P 500 index was up 12.82 points at 2,985.83, while the Nasdaq composite... Read More

TC Energy sells U.S. midstream assets in Appalachian Basin for $1.7 billion

TC Energy sells U.S. midstream assets in Appalachian Basin for $1.7 billion
CALGARY — TC Energy Corp. has signed a deal to sell U.S. midstream assets held by its subsidiary, Columbia Midstream Group, to UGI Energy Services LLC for $1.7 billion. Columbia Midstream Group owns four natural gas gathering systems and an interest in a company with gathering, processing and liquids assets in the Appalachian Basin. TC Energy Russ Girling says the... Read More

Ontario to issue 50 new cannabis store licences, eight to go to First Nations

Ontario to issue 50 new cannabis store licences, eight to go to First Nations
TORONTO — Ontario is set to get 50 more cannabis retail stores starting in October. The finance minister and attorney general say the Alcohol and Gaming Commission of Ontario will hold a lottery for 42 retail store authorizations. Another eight stores will be located on First Nations reserves through a separate process. Previously, 25 retailers were chosen through a lottery... Read More

Telus makes biggest change in its wireless pricing strategy in four years.

Telus makes biggest change in its wireless pricing strategy in four years.
VANCOUVER — Telus is the latest Canadian wireless provider to offer unlimited amounts of data for a fixed monthly price, another indication that the industry is changing how it does business. As with similar unlimited data plans, Telus will reduce data transfer speeds if usage is above a certain level specified in the plan, rather than charge the customer more. The new rate plans... Read More