TSX starts week higher while U.S. markets close at record highs on start of Q2

TSX starts week higher while U.S. markets close at record highs on start of Q2
TORONTO — Canada’s main stock index started the week higher and U.S. markets closed at record highs while Citigroup provided an early glimpse of the potential tone for the second quarter. The S&P/TSX composite index closed up 22.70 points to 16,510.82. In New York, the Dow Jones industrial average was up 27.13 points at 27,359.16. The S&P 500 index was up 0.53... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,510.82, up 22.70 points). CannTrust Holdings Inc. (TSX:TRST). Health care. Up 64 cents, or 19.16 per cent, to $3.98 on 8.3 million shares. Encana Corp. (TSX:ECA). Energy. Down 34 cents, or 5.21 per cent, to $6.18 on 6.4 million shares. The Toronto-Dominion Bank. (TSX:TD). Financials. Up... Read More

Producers still cautious despite higher Q2 expectations on stronger oil prices

Producers still cautious despite higher Q2 expectations on stronger oil prices
CALGARY — Higher oil prices are expected to boost cash flow for the large Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets. Canadian oil prices steadied in comparison with U.S. benchmarks in the three months ended June 30 following two quarters of volatility blamed on the... Read More

Cameco shares down after “disappointing” payout in arbitration ruling

Cameco shares down after “disappointing” payout in arbitration ruling
SASKATOON — Uranium producer Cameco Corp.’s shares were trading down more than eight per cent Monday after the company received a smaller sum than it was seeking in an arbitration dispute. Downward pressure that sent the stock price down $1.46 to $13.05 on the Toronto Stock Exchange followed what the company called a “disappointing” award of damages. Cameco says a tribunal of international arbitrators ruled that a Japanese utility did not... Read More

Updated air passenger rights protections come into effect Monday

Updated air passenger rights protections come into effect Monday
MONTREAL — Airlines now have to reimburse passengers for flight bumping and damaged luggage as part of a package of new protections that took effect today. The regulations require prompt updates and clear communication with passengers about their rights if their flight is delayed or cancelled. Travellers can receive up to $2,400 if bumped from a flight and up to $2,100 for lost or damaged luggage. In the... Read More

Health Canada revokes licences of pot producer Agrima Botanicals

Health Canada revokes licences of pot producer Agrima Botanicals
VANCOUVER — Cannabis producer Agrima Botanicals Corp. has had its licences revoked by Health Canada, months after the company disclosed the regulator’s finding that “unauthorized activities” with pot took place at the firm. Agrima is now listed on Health Canada’s website of licensed producers with the status “revoked,” after having its licences suspended last fall. Agrima’s parent company Ascent Industries Corp said in... Read More

Canadian is detained in China on drug allegations: Chinese government

Canadian is detained in China on drug allegations: Chinese government
OTTAWA — China’s foreign ministry says the recent detention of a Canadian citizen by Chinese authorities is linked to drug allegations against foreign teachers. The detention of a Canadian in China comes with the two countries entangled in a diplomatic dispute triggered by the December arrest of Huawei executive Meng Wanzhou in Vancouver. In the days after Meng’s arrest, China detained two Canadians on espionage... Read More

Wood products producer Stella-Jones says CEO Brian McManus to step down

Wood products producer Stella-Jones says CEO Brian McManus to step down
MONTREAL — Wood-products producer Stella Jones Inc. says company president and CEO Brian McManus will step down later this year after 18 years at the company. The company’s share price was down almost seven per cent in midday trading on the Toronto Stock Exchange after announcing the news. Stella-Jones says McManus will leave his post on October 11 and will work with... Read More