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 (16,574.81, up 125.97 points). Suncor Energy Inc. (TSX:SU). Energy. Up 73 cents, or 1.9 per cent, to $39.10 on 13.1 million shares. Encana Corp. (TSX:ECA). Energy. Up 20 cents, or 3.4 per cent, to $6.08 on 8.7 million shares. Canadian Natural Resources (TSX:CNQ). Energy. Up 87... Read More

Canopy ‘never been better,’ says interim CEO as investor set to take related loss

Canopy ‘never been better,’ says interim CEO as investor set to take related loss
TORONTO — Canopy Growth Corp.’s interim chief executive says the mood at the cannabis producer has “never been better,” a comment that comes two months after its charismatic co-founder was ousted from the top job and as pressure mounts for the company to reach profitability. Mark Zekulin said the Smiths Falls, Ont.-based company is shifting from “building” mode and hefty investments... Read More

TSX closes at six-week high on renewed trade hopes and lower recession fears

TSX closes at six-week high on renewed trade hopes and lower recession fears
TORONTO — Canada’s main stock index closed at its highest level in six weeks on renewed hope of a U.S.-China trade deal and reduced fears of a recession. The S&P/TSX composite index gained 125.97 points to close at 16,574.81. In New York, the Dow Jones industrial average ended up 372.68 points at 26,728.15. The S&P 500 index was up 38.22 points at 2,976.00,... Read More

WestJet scrubs 737 Max from busy winter holiday schedule, affecting thousands

WestJet scrubs 737 Max from busy winter holiday schedule, affecting thousands
WestJet Airlines Ltd. is removing Boeing 737 Max jets from its holiday schedule while Air Canada warns the impact of the grounded jet on its operations may ripple well into 2021. WestJet, which had earlier scrubbed the 13 planes from schedules until Nov. 4, is the latest carrier to make the change after authorities across the globe banned the 737 Max... Read More

Lululemon reports 22 per cent revenue jump to $883M, raises outlook

Lululemon reports 22 per cent revenue jump to $883M, raises outlook
VANCOUVER — Lululemon Athletica Inc. says its revenue increased 22 per cent in the second quarter from last year to beat analyst expectations. The company, which reports in U.S. dollars, says net revenue came in at $883.4 million, compared with $723.5 million for the same quarter last year. Net income came in at $125 million, or 96 cents per share,... Read More

Toronto stock market posts triple-digit gain on broad-based rally in main sectors

Toronto stock market posts triple-digit gain on broad-based rally in main sectors
TORONTO — Canada’s main stock index increased by triple digits in late-morning trading, helped by strong gains in the heavyweight energy, industrials and financials sectors. The S&P/TSX composite index was up 148.69 points at 16,597.53. In New York, the Dow Jones industrial average was up 452.49 points at 26,807.96. The S&P 500 index was up 43.39 points at 2,981.17, while the... Read More

Toronto real estate board says August home sales up 13.4% compared with year ago

Toronto real estate board says August home sales up 13.4% compared with year ago
TORONTO — The Toronto Real Estate Board says home sales in the Greater Toronto Area in August were up 13.4 per cent compared with a year ago. The board say there were 7,711 home sales through its MLS system in August, up from 6,797 sales reported in August 2018. On a month-over-month basis, seasonally adjusted sales were up 0.8 per... Read More

Giving teens a credit card early may teach financial lessons early

Giving teens a credit card early may teach financial lessons early
TORONTO — For teens finishing off their last years of high school, some financial experts say parents may want to consider an unlikely tool to prepare them for the adult world: a credit card. Giving teens access to credit, with guidance, may be a way to teach them how to handle it before they leave home for post-secondary schooling, and are bombarded... Read More