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 (16,384.49 up 112.84 points). Encana Corp. (TSX:ECA). Energy. Up 24 cents, or 4.18 per cent, to $5.98 on 6.7 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up two cents, or 1.2 per cent, to $1.69 on 5.5 million shares. B2Gold Corp. (TSX:BTO). Materials. Down 17... Read More

First-quarter update: Saskatchewan surplus projection shrinks $9 million

First-quarter update: Saskatchewan surplus projection shrinks $9 million
SASKATOON — The Saskatchewan government says its first budget update of the fiscal year shows the province is still on its way to balancing the books. The government’s first-quarter results project the province will finish the year with a surplus of nearly $26 million — almost $9 million less than what was expected when the budget was released in the spring. It says the reduction is due to... Read More

North American stock markets higher in late-morning trading, oil gains ground

North American stock markets higher in late-morning trading, oil gains ground
TORONTO — Canada’s main stock index posted a triple-digit advance led by the energy sector in late-morning trading, while U.S. stock markets also surged higher. The S&P/TSX composite index was up 106.83 points at 16,378.48. In New York, the Dow Jones industrial average was up 275.38 points at 26,311.48. The S&P 500 index was up 30.58 points at 2,918.52, while... Read More

Alphabet and Teachers’ to launch infrastructure investment company

Alphabet and Teachers’ to launch infrastructure investment company
TORONTO — Google affiliates Alphabet Inc. and Sidewalk Labs are partnering with the Ontario Teachers’ Pension Plan to launch a new company that invests in infrastructure. Sidewalk Labs CEO Dan Doctoroff says the new company, to be called Sidewalk Infrastructure, will give cities an opportunity to deploy more advanced, next-generation infrastructure. The infrastructure could include technology-enabled systems for stormwater management, neighbourhood-scale heating and... Read More

Segregated funds offer guarantees for investors, but they come at a cost

Segregated funds offer guarantees for investors, but they come at a cost
OTTAWA — As stock markets take a volatile ride amid the U.S.-China trade war and the possibility of a global economic slowdown, segregated funds may offer a measure of protection for nervous investors. Segregated funds are insurance contracts that invest in an underlying asset like a mutual fund, but differ in that they can provide a guarantee to protect some or... Read More

TD Bank reports $3.248B third-quarter profit up from $3.105B a year ago

TD Bank reports $3.248B third-quarter profit up from $3.105B a year ago
TORONTO — TD Bank Group reported its third-quarter profit grew to $3.248 billion, helped by improved results across the bank. The Toronto-based lender said Thursday the profit amounted to $1.74 per diluted share for the quarter ended July 31. The result was up from $3.105 billion or $1.65 per diluted share in the same quarter last year. On an adjusted... Read More

Tilray Inc. signs deal to acquire Alberta cannabis retailer Four20

Tilray Inc. signs deal to acquire Alberta cannabis retailer Four20
NANAIMO, B.C. — Cannabis producer Tilray Inc. says it has signed a deal to acquire Alberta cannabis retailer Four20 in an agreement valued at up to $110 million. Calgary-based Four20 owns and operates six stores in Alberta and has secured 16 additional store locations. Under the terms of the agreement, Tilray will pay $70 million in Tilray class 2 common... Read More