Competition watchdog writes province to support loosening Ontario liquor rules

Competition watchdog writes province to support loosening Ontario liquor rules
Ontario’s moves to liberalize rules around the sale of alcohol have received an endorsement from Canada’s national competition watchdog. Competition Commissioner Matthew Boswell heaped praise on the provincial plans in an open letter Tuesday to provincial Finance Minister Rod Phillips. The letter, which looked at recommendations from a special adviser on alcohol hired by the province, said proposed measures to expand liquor sales to... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,350.84, down 113.07 points). Encana Corp. (TSX:ECA). Energy. Up nine cents, or 1.55 per cent, to $5.88 on 7.7 million shares. Barrick Gold Corp. (TSX:ABX). Materials. Up 17 cents, or 0.71 per cent, to $23.97 on 7.6 million shares. Yamana Gold Inc. (TSX:YRI). Down 12 cents,... Read More

North American stock markets rally after U.S. delays tariffs on some imports

North American stock markets rally after U.S. delays tariffs on some imports
TORONTO — North American stock markets rallied after the Trump administration postponed tariffs on popular consumer goods imported from China. The S&P/TSX composite index closed up 113.07 points at 16,350.84. In New York, the Dow Jones industrial average was up 372.54 points at 26,279.91. The S&P 500 index was up 42.57 points at 2,926.32, while the Nasdaq composite was up 152.95 points... Read More

Prospect of U.S.-China trade deal creates access worries for Canadian farmers

Prospect of U.S.-China trade deal creates access worries for Canadian farmers
OTTAWA — China’s move to stop buying several Canadian agricultural products has punished some farmers, and now industry leaders are worrying about the prospect of a broader threat — an eventual U.S.-China trade deal. Canadian exports of beef, pork, canola and soybeans have largely been locked out of the massive Chinese market following the December arrest of Huawei executive Meng Wanzhou in Vancouver. At the same time, a handful of Canadian crops have had stronger sales to China... Read More

Judge greenlights class action lawsuit against Air Canada over fuel surcharges

Judge greenlights class action lawsuit against Air Canada over fuel surcharges
MONTREAL — A Quebec Superior Court judge has authorized a class action lawsuit against Air Canada over fuel surcharges. The lawsuit, approved Monday, argues the country’s largest airline “illegally overcharged its customers” by more than doubling the cost of fuel on some flights. Michael Vathilakis, the petitioners’ lawyer, said Air Canada misrepresented the stated purpose of the surcharge, which was to partially offset the fluctuating price of jet fuel.... Read More

CBS, Viacom to reunite as media giants bulk up for streaming

CBS, Viacom to reunite as media giants bulk up for streaming
NEW YORK — CBS and Viacom announced a long-anticipated reunion Tuesday, bringing together their networks and the Paramount movie studio as traditional media giants bulk up to challenge streaming companies like Netflix. Viacom CEO Bob Bakish, who will become CEO of the combined company, said the new ViacomCBS will be “one of only a few companies with the breadth and... Read More

Proxy advisory firm ISS recommends Transat shareholders support Air Canada offer

Proxy advisory firm ISS recommends Transat shareholders support Air Canada offer
MONTREAL — An independent proxy advisory firm is urging Transat shareholders to support the proposed $720-million takeover of the tour operator by Air Canada. Institutional Shareholder Services Inc. recommended on Sunday that shareholders vote in favour of the deal based on the original price of $13 per share and reiterated its support when Air Canada boosted its offer to $18 per share or... Read More

Riot police clash with protesters at Hong Kong airport

Riot police clash with protesters at Hong Kong airport
HONG KONG — Riot police clashed with pro-democracy protesters at Hong Kong’s airport late Tuesday night, moving into the terminal where the demonstrators had shut down operations at the busy transport hub for two straight days. Officers armed with pepper spray and batons confronted the protesters who used luggage carts to barricade entrances to the airport terminal. Police took several... Read More

Stocks soar after US delays plans for some China tariffs

Stocks soar after US delays plans for some China tariffs
NEW YORK — And back up goes the stock market. Stocks tore higher Tuesday, continuing their roller-coaster ways, after the latest turn in the U.S.-China trade war flipped investors back to buying mode. This time, it was the United States saying it would hold off on tariffs of Chinese imports of mobile phones, toys and several other items on holiday... Read More