Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,304.05, up 154.26 points). Bombardier Inc. (TSX:BBD.B). Industrials. Up four cents, or 2.41 per cent, to $1.70 on 7.8 million shares. Barrick Gold Corp. (TSX:ABX). Materials. Down 26 cents, or 1.07 per cent, to $24.12 on 7.1 million shares. Encana Corp. (TSX:ECA). Energy. Up 33... Read More

Quebecor CEO dangles offer for Transat if Air Canada deal can’t take off

Quebecor CEO dangles offer for Transat if Air Canada deal can’t take off
MONTREAL — The head of Quebec telecommunications giant Quebecor Inc. is dangling a potential offer for Transat A.T. if the tour operator’s shareholders or regulatory authorities block Air Canada’s $720-million offer. Pierre Karl Peladeau, who says he owns about 1.6 per cent of the outstanding shares of Air Transat’s parent company, says he plans to vote against the $18 per share offer... Read More

Bell says it will cut back on rural broadband program after CRTC rate cut

Bell says it will cut back on rural broadband program after CRTC rate cut
MONTREAL — Bell Canada says it will cut about 200,000 rural households from a broadband internet build-out to offset the impact of a regulatory change that lowers the wholesale broadband rate that it can charge smaller providers. The Montreal-based company says the final rates set last week by the CRTC will cost it more than $100 million, with the bulk of the sum going to cover the retroactively lower rates. Bell says it will... Read More

Canadian and U.S. stock markets push higher in late-morning trading

Canadian and U.S. stock markets push higher in late-morning trading
TORONTO — Canada’s main stock index posted a triple-digit advance in late-morning trading, while U.S. stock markets also moved higher. The S&P/TSX composite index was up 127.35 points at 16,277.14. In New York, the Dow Jones industrial average was up 264.76 points at 26,150.77. The S&P 500 index was up 34.75 points at 2,923.43, while the Nasdaq composite was up... Read More

Disney Plus streaming service to launch in Canada on Nov. 12 for $8.99 a month

Disney Plus streaming service to launch in Canada on Nov. 12 for $8.99 a month
BURBANK, Calif. — The Walt Disney Company says it will launch its Disney Plus streaming service in Canada in mid-November, taking on Netflix and other services as consumers increasingly drop traditional cable. The California-based entertainment giant says Nov. 12 marks the global launch of the service, starting with the U.S., Canada, and the Netherlands. It says Canadian residents will pay $8.99 per month or $89.99... Read More

Goldman Sachs unit invests in Toronto-based Slate Asset Management

Goldman Sachs unit invests in Toronto-based Slate Asset Management
TORONTO — Goldman Sachs’ asset management-focused unit has taken a minority stake in Toronto-based alternative investment firm Slate Asset Management LP. Slate announced a passive, non-voting minority equity investment from Goldman Sachs Asset Management’s Petershill program, but did not disclose the financial terms. The Toronto-based firm with a focus on real estate and real assets says it will use the U.S. banking... Read More

Ontario cannabis retailer returns $2.9M in CannTrust products to company

Ontario cannabis retailer returns $2.9M in CannTrust products to company
VAUGHAN, Ont. — CannTrust Holdings Inc. says the Ontario government’s cannabis retailer is returning all of the company’s products it has because they do not conform with the terms of its master cannabis supply agreement. The company says the total value of the products is about $2.9 million. The move by the provincial retailer comes as CannTrust faces problems with... Read More