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 (16,545.21, up 82.26 points). Encana Corp. (TSX:ECA). Energy. Up one cent, or 0.16 per cent, to $6.34 on 4.6 million shares. CannTrust Holdings Inc. (TSX:TRST). Health care. Down 27 cents, or 5.4 per cent, to $4.73 on 4.6 million shares. First Quantum Minerals Ltd. (TSX:FM). Materials.... Read More

Bank of Canada to give economic update, expected to be patient on rates

Bank of Canada to give economic update, expected to be patient on rates
OTTAWA — Bank of Canada governor Stephen Poloz will share his latest take on the economy Wednesday in an update that’s expected to signal more patience on the key interest rate. The central bank’s policy-makers are widely expected to hold the trend-setting rate steady as Canada exits a sharp slowdown that nearly brought the economy to halt at the start of the year. The bank’s interest rate has been at 1.75 per cent... Read More

Boeing deliveries of 737 tumble in 2nd quarter

Boeing deliveries of 737 tumble in 2nd quarter
CHICAGO — Deliveries of Boeing’s 737 aircraft tumbled in the second quarter, as the company continues to deal with repercussions following two deadly crashes. Boeing said Tuesday that it delivered 24 737s in the second quarter, down sharply from the 89 delivered in the first quarter. The announcement comes a day after Boeing said Saudi airline Flyadeal, the budget airline... Read More

Oil producers call for oil curtailment easing in return for rail commitments

Oil producers call for oil curtailment easing in return for rail commitments
CALGARY — Canada’s largest oil producers are calling on the Alberta government to reward companies that commit to adding crude-by-rail capacity by easing their oil curtailment levels. The proposal would allow crude oil export capacity to increase at the same time that barrels are being produced to fill that capacity, Suncor Energy Inc. CEO Mark Little said, while taking part... Read More

Smaller portions, bigger profit at PepsiCo in 2Q

Smaller portions, bigger profit at PepsiCo in 2Q
PURCHASE, N.Y. — PepsiCo reported better-than-expected profit and revenue in its most recent quarter thanks in part to U.S. price hikes. Pepsi raised prices last fall to cover higher transportation and aluminum costs. In a company conference call, some analysts expressed concern about the trend, saying they would like to see more balance between pricing and volume growth. But CEO... Read More

CannTrust’s Danish partner quarantines pot products linked to illegal growing

CannTrust’s Danish partner quarantines pot products linked to illegal growing
ALLEROD, Denmark — CannTrust Holdings Inc.’s Danish partner says it has quarantined a batch of products received from the licensed producer in connection with Health Canada’s recent discovery of illegal growing operations at its Ontario greenhouse. Stenocare says it has been in contact with the Danish Medicines Agency and the single batch has been put in quarantine for potential destruction, pending... Read More

Bombardier to appeal Brazil ruling over alleged bidding infractions

Bombardier to appeal Brazil ruling over alleged bidding infractions
MONTREAL — Bombardier Inc. says it intends to appeal a Brazilian administrative tribunal ruling that concluded the railway car manufacturer and 10 other companies of allegedly manipulating contract bids. Brazil’s economic defence administrative council imposed fines of around $175 million against a “cartel” it found manipulated at least 26 tenders between 1999 and 2013 in four Brazilian states. France’s Alstom... Read More

Quebec’s biggest agri-food company buys pork and milling assets of F. Menard

Quebec’s biggest agri-food company buys pork and milling assets of F. Menard
MONTREAL — La Coop federee, Quebec’s largest agri-food company, has signed a deal to buy the pork and milling assets of F. Menard. The two companies say La Coop’s Olymel division will absorb F. Menard’s slaughtering and processing operations, and the Sollio Agriculture division will handle the company’s animal feed operations. F. Menard employs more than 1,200 people with an annual production of over... Read More

Energy and tech sectors help lift TSX composite, U.S. stock markets mixed

Energy and tech sectors help lift TSX composite, U.S. stock markets mixed
TORONTO — Gains in the energy sector and technology stocks helped boost Canada’s main stock index in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 58.35 points at 16,521.30. In New York, the Dow Jones industrial average was down 82.74 points at 26,723.40. The S&P 500 index was down 0.53 of a point at... Read More