Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,341.34, down 63.19 points). Bombardier Inc. (TSX:BBD.B). Industrials. Down five cents, or 2.69 per cent, to $1.81 on 7.3 million shares. B2Gold Corp. (TSX:BTO). Materials. Down 17 cents, or 3.38 per cent, to $4.86 on 6.6 million shares. Encana Corp. (TSX:ECA). Energy. Up 11... Read More

Postmedia gains time to grow digital revenue with debt instrument extensions

Postmedia gains time to grow digital revenue with debt instrument extensions
TORONTO — Postmedia Network Canada Corp. says it will have more time to pay down debt and grow its digital business after striking a refinancing deal with Ontario-based portfolio manager Canso Investment Counsel Ltd. The Toronto-based company that owns the National Post and other newspapers across Canada says the deal will result in issuing $95.2 million in new first-lien notes that... Read More

Ontario bucks national trend of slower housing starts in July, says CMHC

Ontario bucks national trend of slower housing starts in July, says CMHC
Ontario bucked a national trend that saw the pace of construction of new homes slow in July, the Canada Mortgage and Housing Corp. said Friday. CMHC’s seasonally adjusted annualized rate of housing starts fell by 9.6 per cent in July to 222,013, compared with 245,455 in June. However, the decline was smaller than expected and CMHC’s six-month trend rose to 208,970 units from 205,765 units in June.... Read More

Pace of housing slows up in July but still beats economists expectations

Pace of housing slows up in July but still beats economists expectations
OTTAWA — The Canada Mortgage and Housing Corp. says the pace of construction of new homes slowed in July, although the six-month trend continued to be positive. CMHC’s seasonally adjusted annualized rate fell by 9.6 per cent in July to 222,013, compared with 245,455 in June. However, the decline was smaller than expected and CMHC’s six-month trend rose to 208,970 units from 205,765 units... Read More

Hydro One Q2 profit plunges 23% as electricity revenue falls, costs rise

Hydro One Q2 profit plunges 23% as electricity revenue falls, costs rise
TORONTO — Hydro One Ltd.’s second-quarter profit fell by nearly 23 per cent from last year to $155 million as the electricity utility experienced higher weather-related costs for vegetation control and storm-related power restoration. The Toronto-based company — which operations most of Ontario’s power grid — says its net earnings attributable to shareholders dropped to 26 cents per share from 34 cents per share... Read More

CannTrust’s auditor no longer endorses 2018 financial statement amid controversy

CannTrust’s auditor no longer endorses 2018 financial statement amid controversy
VAUGHAN, Ont. — CannTrust Holdings Inc. says its independent outside auditor has withdrawn its endorsement of the 2018 financial statements, the latest fallout from recent revelations about illicit grow rooms at the Ontario-based cannabis company. The Ontario Securities Commission and RCMP confirmed last week they are investigating issues around unlicensed growing at CannTrust’s greenhouse. That follows a Health Canada probe that found the company... Read More