Aimia’s largest investor files counterclaim against company as civil war continues

Aimia’s largest investor files counterclaim against company as civil war continues
NEW YORK — Aimia Inc.’s largest investor has filed a counterclaim against the loyalty company and six current and former members of the board. Mittleman Brothers also filed a statement of defence in the Ontario Superior Court of Justice that rebuts Aimia’s July lawsuit accusing the dissident investor of violating a contracted truce. The litigious showdown is the latest development in... Read More

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 (16,537.34, up 42.25 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up six cents, or 3.3 per cent, to $1.88 on 9.4 million shares. Encana Corp. (TSX:ECA). Energy. Down three cents, or 0.48 per cent, to $6.17 on 9.2 million shares. Royal Bank of Canada (TSX:RY). Financials. Up $1.08,... Read More

Advisory panel raises concerns about Sidewalk Labs’ plans for Quayside

Advisory panel raises concerns about Sidewalk Labs’ plans for Quayside
TORONTO — An advisory panel has raised concerns about Sidewalk Labs’ plans for the Quayside development on Toronto’s waterfront. Preliminary commentary from Waterfront Toronto’s digital advisory panel says the plan from Google’s sister company Sidewalk is “frustratingly abstract” and that some of the innovations proposed were “irrelevant or unnecessary.” Some on the 15-member panel, an arm’s-length body that gives expert advice to Waterfront Toronto,... Read More

Apple TV Plus to launch in Canada this fall for $5.99

Apple TV Plus to launch in Canada this fall for $5.99
TORONTO — Apple TV Plus is headed to Canada this fall. The latest competitor to throw its hat into the streaming wars has selected a launch date of Nov. 1. Subscribers will pay $5.99 per month for access to the service, which includes original TV shows, movies and documentaries. The announcement puts Apple a few steps ahead of Disney Plus, the other big streaming newcomer... Read More

New federal Arctic policy focusses on human health, environment, infrastructure

New federal Arctic policy focusses on human health, environment, infrastructure
The federal government has released its long-awaited policy on developing the Canadian Arctic. The lengthy document, released by the department of Crown-Indigenous Relations, proposes eight priorities, with health, infrastructure and economic development at the top. The policy is a departure from the tone of the previous Conservative government under Stephen Harper, which emphasized security concerns and threats to Canada’s Arctic... Read More

Court orders federal agency to explain pipeline decision

Court orders federal agency to explain pipeline decision
CLEVELAND — The nation’s top appeals court has ordered a federal agency to explain why it approved the construction of a pipeline sending substantial quantities of natural gas to Canada. The U.S. Court of Appeals for the District of Columbia agreed with Oberlin, Ohio, and other plaintiffs Friday that the Federal Energy Regulatory Commission failed to justify giving owners of... Read More

Toronto stock market edges lower, despite energy sector gains; U.S. stocks down

Toronto stock market edges lower, despite energy sector gains; U.S. stocks down
TORONTO — Canada’s main stock index edged lower as gains in the energy sector were offset by losses in the technology and consumer sectors. The S&P/TSX composite index was down 0.36 of a point at 16,494.73. In New York, the Dow Jones industrial average was down 74.12 points at 26,761.39. The S&P 500 index was down 17.45 points at 2,960.98,... Read More

Encana Corp. names Michael McAllister as new president

Encana Corp. names Michael McAllister as new president
CALGARY — Encana Corp. has named Michael McAllister as its president, part of several changes to its executive leadership. He will continue to report to chief executive Doug Suttles. McAllister joined the company nearly 20 years ago and held positions of increasing responsibility. He previously served as Encana’s executive vice-president and chief operating officer. The company also promoted Brendan McCracken to executive vice-president of corporate... Read More

Fortis Inc. raises dividend by 6.1 per cent, increases capital spending plan

Fortis Inc. raises dividend by 6.1 per cent, increases capital spending plan
ST. JOHN’S, N.L. — Fortis Inc. raised its dividend as it announced an increased capital investment plan. The utility company says it will now pay a quarterly dividend of 47.75 cents per share, up from 45 cents. Shares in Fortis will have an annual yield of 3.4 per cent based on its closing share price on Monday. The increased payment to... Read More

Your Money: Season ticketholders need to watch for pitfalls when selling tickets

Your Money: Season ticketholders need to watch for pitfalls when selling tickets
When autumn rolls around, sports fans usually have plenty to be excited for. Basketball stars return to the court, hockey players hit the ice and baseball and soccer teams head for their playoff stretches. There is no shortage of games, but attending them can be a costly affair, so many season seat holders sell some of their tickets to recoup a portion of... Read More