RBC and TD seeking settlements over currency traders sharing confidential info

RBC and TD seeking settlements over currency traders sharing confidential info
TORONTO — Canada’s two largest banks are seeking to settle allegations that their currency traders used confidential information in chatrooms to gain potential advantage in foreign exchange transactions between 2011 and 2013. The Ontario Securities Commission will conduct hearings Friday to determine whether it’s in the public interest to approve settlement agreements between the regulator’s staff and the Royal Bank of Canada... Read More

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 (16,098.79, up 61.21 points). Belo Sun Mining Corp. (TSX:BSX). Materials. Up four cents, or 10.39 per cent, to 42.5 cents on 9.7 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up nine cents, or 5.7 per cent, to $1.67 on 6.2 million shares. B2Gold Corp. (TSX:BTO). Materials. Unchanged at... Read More

Suncor asks NEB to close down Enbridge open season on Mainline crude pipeline

Suncor asks NEB to close down Enbridge open season on Mainline crude pipeline
CALGARY — An open season launched by Enbridge Inc. to try to lock shippers into long-term contracts on its Canadian Mainline oil pipeline system is designed to take advantage of “mostly captive shippers,” Suncor Energy Inc. says. In a submission to the National Energy Board dated last Friday, Canada’s largest oil and gas producer by market capitalization demands Enbridge’s call for contracts be... Read More

Toronto defends short-term rental regulations as tribunal hearing gets underway

Toronto defends short-term rental regulations as tribunal hearing gets underway
TORONTO — The City of Toronto was on the hot seat at the start of a tribunal Monday that will determine the future of rules passed early last year to regulate short-term rentals like Airbnb. The regulations include restricting rentals to the owner’s principal residence and requiring short-term renters to register with the city and pay a four-per-cent municipal accommodation tax. Housing advocates and... Read More

Canadian exports to lobster-loving China soar as U.S. sales plunge amid tariffs

Canadian exports to lobster-loving China soar as U.S. sales plunge amid tariffs
MONTREAL — China is awash in Canadian lobsters as exports from the East Coast soar to fill the gap left by Beijing’s retaliatory tariffs against the U.S. China, a huge and growing customer for lobster, placed heavy tariffs on U.S. lobsters — and many other food products — in July 2018 amid rising trade hostilities between the Chinese and the... Read More

Aerospace industry sounds ‘alarm’ on the eve of the federal election

Aerospace industry sounds ‘alarm’ on the eve of the federal election
MONTREAL — Aerospace workers are “sounding the alarm” to coax concrete commitments to help secure their sector’s future in Canada from the federal parties ahead of the coming election. In a new report, the International Association of Machinists and Aerospace Workers (IAMAW) warns of “the absence of a long-term vision,” which could cause problems down the line despite the industry’s healthy employment... Read More

G7 leaders reach deal to offer help to fight wildfires in Amazon rainforest

G7 leaders reach deal to offer help to fight wildfires in Amazon rainforest
BIARRITZ, France — G7 leaders have come to an agreement to help Brazil fight the raging wildfires in the Amazon rainforest, which have erupted into a global flashpoint over the perils of climate change. French President Emmanuel Macron, who is hosting this year’s gathering of the leaders of the world’s seven largest economies, says the G7 plans to offer short-term assistance to help... Read More

Tribunal on Toronto short-term, Airbnb-type rental regulations begin

Tribunal on Toronto short-term, Airbnb-type rental regulations begin
TORONTO — A hearing on the fate of Toronto’s short-term rental market is getting underway at the city’s Local Planning Appeal Tribunal. Regulations for short-term rentals such as those available through Airbnb were approved by Toronto city council at the start of 2018, but were appealed before they could be put in place. A delay in the appeal process last year put off the hearing... Read More

Stock markets up after Trump’s latest comments on China trade talks

Stock markets up after Trump’s latest comments on China trade talks
TORONTO — North American stock markets started the trading week sharply higher after U.S. President Donald Trump said serious trade talks with China will begin after the U.S. received two “very good calls” from Beijing. Stock markets were hammered at the end of last week after Trump responded angrily on Twitter following China’s announcement of new tariffs on $75 billion... Read More

Interfor CEO Duncan Davies stepping down from top job at end of year

Interfor CEO Duncan Davies stepping down from top job at end of year
VANCOUVER — Forestry company Interfor Corp. says chief executive Duncan Davies will step down at the end of the year and be replaced by Ian Fillinger, the company’s chief operating officer. Davies will also step down as a director of the company, but has agreed to remain in an advisory capacity through the end of next year. He joined Interfor... Read More