North American stock markets end wild week with a partial rebound

North American stock markets end wild week with a partial rebound
TORONTO — North American stock markets rebounded to end a roller-coaster week that took investors for a wild ride on concerns about slowing economic growth and trade uncertainty. The S&P/TSX composite index closed up 137.26 points at 16,149.79. In New York, the Dow Jones industrial average was up 306.62 points at 25,886.01. The S&P 500 index was up 41.08 points at 2,888.68,... Read More

Oilsands firms considering diluent recovery units to boost crude-by-rail volumes

Oilsands firms considering diluent recovery units to boost crude-by-rail volumes
CALGARY — Ongoing pipeline project delays and growth in crude-by-rail capacity from Western Canada are leading some oilsands producers to consider spending billions of dollars to build diluent recovery units. Oilsands bitumen is a thick, sticky oil which must be diluted with about half as much light petroleum to flow in a pipeline, but diluent isn’t needed for rail transport because the product can... Read More

Canopy Growth executives compensation surges following cannabis legalization

Canopy Growth executives compensation surges following cannabis legalization
SMITHS FALLS, Ont. — Canopy Growth Corp. executives have struck it rich as their total compensation surged to $28.5 million last year including the first months since cannabis was legalized in October. Nearly 90 per cent of the payout to the six top officials was in the form of option-based awards, the Smiths Falls, Ont., company said in a regulatory filing. Bruce... Read More

North American stock markets trade higher at end of wild week for investors

North American stock markets trade higher at end of wild week for investors
TORONTO — Canada’s main stock index posted a triple-digit advance in late-morning trading at the end of a roller-coaster of a week for stock markets that has seen investors taken for a wild ride. The S&P/TSX composite index was up 125.67 points at 16,138.20. In New York, the Dow Jones industrial average was up 280.49 points at 25,859.88. The S&P... Read More