TSX rebounds from worst day of year but still closes lower on economic worries

TSX rebounds from worst day of year but still closes lower on economic worries
TORONTO — Canada’s main stock index rebounded from its worst day of the year but still closed lower amid continuing concerns about a global economic slowdown. The S&P/TSX composite index closed down 33.41 points at 16,012.53. In New York, the Dow Jones industrial average was up 99.97 points at 25,579.39. The S&P 500 index was up seven points at 2,847.60, while the Nasdaq... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,012.53, down 33.41 points). Encana Corp. (TSX:ECA). Energy. Down 14 cents, or 2.47 per cent, to $5.52 on 9.4 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down 47 cents, or 5.8 per cent, to $7.63 on 9.4 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down 12... Read More

Intact inks $1B deal for two insurers as a portal to rich clients

Intact inks $1B deal for two insurers as a portal to rich clients
TORONTO — Intact Financial Corp. has signed a deal to buy two specialty insurers in a move that gives it a foothold in the market for wealthy clients, part of a broader push among financial services firms toward high-net-worth customers. The $1-billion agreement with Princeton Holdings Ltd. will see The Guarantee Co. of North America and Frank Cowan Co. Ltd.... Read More

Canopy Growth shares tumble on CEO exit plans, loss of market share

Canopy Growth shares tumble on CEO exit plans, loss of market share
Canopy Growth Corp. shares fell to their lowest level this year on Thursday after quarterly results suggested the cannabis producer lost market share and an announcement that its interim chief executive plans to leave the company, just weeks after his co-CEO was pushed out. The Smith Falls, Ont.-based company shares were down $6.35 or 15 per cent at $36.22 by late afternoon on the Toronto Stock... Read More

Economic outlook credits major projects in B.C. for continued growth: Central 1

Economic outlook credits major projects in B.C. for continued growth: Central 1
VANCOUVER — A financial services organization in British Columbia is forecasting modest but slower growth for the province through 2022. Central 1 says economic growth in B.C. should remain just above two per cent over the next 28 months. Its report released Thursday says the growing economy is supported by a strong labour market, healthy construction industry and ongoing work on the Site C... Read More

Canopy Growth shares tumble after Q1 earnings miss, $1.28B loss

Canopy Growth shares tumble after Q1 earnings miss, $1.28B loss
SMITHS FALLS, Ont. — Canopy Growth Corp. shares were down more than 10 per cent Thursday after the cannabis producer reported first quarter results that widely missed analysts’ expectations. Canopy reported Wednesday it lost $1.28 billion during the three months ended June 30, its fiscal first quarter of 2020, compared with a loss of $91 million in the first quarter of fiscal 2019. The loss... Read More

Walmart delivers, a lot, in second quarter

Walmart delivers, a lot, in second quarter
NEW YORK — Walmart raised its annual outlook after a strong second quarter for the world’s largest retailer thanks in part to strong online grocery deliveries. Sales at stores opened at least a year rose 2.8%, its 20th consecutive quarter in the right direction. U.S. online sales increased 37%, driven by grocery sales. Walmart continues to hold enough sway to... Read More

Canadian Real Estate Association reports home sales climbed higher in July

Canadian Real Estate Association reports home sales climbed higher in July
OTTAWA — The Canadian Real Estate Association says home sales in July rose 12.6 per cent compared with the same month last year. The increase came as sales were up in most of the country’s largest markets, including the B.C.’s Lower Mainland, Calgary, Edmonton, the Greater Toronto Area and Hamilton-Burlington, Ottawa and Montreal. On a month-over-month basis, sales were up... Read More