Mining royalty firm Franco-Nevada announces new leadership plans

Mining royalty firm Franco-Nevada announces new leadership plans
TORONTO — Franco-Nevada Corp. has announced plans for a change in leadership at the gold-focused mining investment firm. The Toronto-based company says its CEO, David Harquail, who’s served in the role since 2007, will become the non-executive chairman of its board of directors as of next May’s annual general meeting. Paul Brink, current president and chief operating officer, will step into the role of... Read More

Shopify to buy fulfilment solutions company 6 River Systems for US$450M

Shopify to buy fulfilment solutions company 6 River Systems for US$450M
OTTAWA — Shopify Inc. says it will buy fulfilment solutions company 6 River Systems Inc. in a US$450 million cash and share deal as it looks to push further into the warehousing and shipping side of online retail. Ottawa-based Shopify says the acquisition will give it access to fulfilment software and robotics, including mobile robots designed to get orders shipped more efficiently from... 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 (16,495.09, down 40.24 points). Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up $1.06, or 3.36 per cent, to $32.57 on 9.6 million shares. Encana Corp. (TSX:ECA). Energy. Up 24 cents, or 4.03 per cent, to $6.20 on 8.5 million shares. Lydian International Ltd. (TSX:LYD). Materials. Down... Read More

North American markets relatively flat in pause of extreme volatility

North American markets relatively flat in pause of extreme volatility
TORONTO — Canada’s main stock index started the week down slightly as North American markets took a pause from recent extreme volatility. The S&P/TSX composite index closed down 40.24 points at 16,495.09. In New York, the Dow Jones industrial average was up 38.05 points at 26,835.51. The S&P 500 index was down 0.28 points at 2,978.43, while the Nasdaq composite was down... Read More

Andreescu set to make millions in endorsements after U.S. Open victory

Andreescu set to make millions in endorsements after U.S. Open victory
Teen tennis phenom Bianca Andreescu’s future earnings potential skyrocketed after her surprise win at the U.S. Open. She won US$3.85 million for beating Serena Williams in the women’s final Saturday, but it’s likely that paycheque is only the beginning of million-dollar payouts from future sponsorship deals. Cary Kaplan, president of Cosmos Sports & Entertainment, says the tournament’s big earnings changes Andreescu’s financial... Read More

Materials sector weighs on stocks in Toronto, U.S. stock markets trade higher

Materials sector weighs on stocks in Toronto, U.S. stock markets trade higher
TORONTO — Canada’s main stock index was down in late-morning trading as losses in the materials sector weighed on the market. The S&P/TSX composite index was down 36.75 points at 16,498.58. In New York, the Dow Jones industrial average was up 78.70 points at 26,876.16. The S&P 500 index was up 5.58 points at 2,984.29, while the Nasdaq composite was... Read More

Osisko Gold Royalties and creditors sign deal to acquire Stornoway Diamond

Osisko Gold Royalties and creditors sign deal to acquire Stornoway Diamond
MONTREAL — Osisko Gold Royalties Ltd. has signed a deal to acquire Stornoway Diamond Corp. with the help of the mining company’s secured creditors. Under the terms of the agreement, Osisko and Stornoway secured creditors want to form an entity that will acquire the company and assume the debts and liabilities owing to the secured creditors as well as the... Read More

British Airways grounds nearly all flights as pilots strike

British Airways grounds nearly all flights as pilots strike
LONDON — British Airways has cancelled almost all its flights for 48 hours, affecting as many as 195,000 travellers, due to a strike by pilots over pay. The U.K.’s flagship carrier said in a statement Monday that it had “no way of predicting how many (pilots) would come to work or which aircraft they are qualified to fly.” As a... Read More

Federal response to ‘gig’ workers hindered by unreliable data, documents say

Federal response to ‘gig’ workers hindered by unreliable data, documents say
OTTAWA — A newly released government document shows that federal officials feel stymied by data roadblocks in their bid to help policymakers tackle a growing political concern about the country’s “gig” economy. Documents obtained by The Canadian Press under the Access to Information Act show federal officials were leery of the reliability of existing data on the number of Canadians using... Read More