Toronto stock market rallies to seven-week high despite drop in crude oil prices

Toronto stock market rallies to seven-week high despite drop in crude oil prices
TORONTO — Canada’s main stock index rallied to its highest level in seven weeks Wednesday despite crude oil prices getting hammered. Investors are slowly “nibbling” back into the market on hopes of progress in trade issues, says Colin Cieszynski, chief market strategist at SIA Wealth Management. “I think they’re getting a feeling that some of the worst risks related to trade wars... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,611.14, up 73.80 points.) Encana Corp. (TSX:ECA). Energy. Up 10 cents, or 1.62 per cent, to $6.27 on 9.1 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up three cents, or 1.6 per cent, to $1.91 on 7.4 million shares. Crescent Point Energy Corp. (TSX:CPG). Energy. Up six cents,... Read More

Global demand for oil appears to have slowed according to latest OPEC estimate

Global demand for oil appears to have slowed according to latest OPEC estimate
CALGARY — The Organization of Petroleum Exporting Countries says global demand for crude oil appears to be weakening in many parts of the world, including Europe, China and the United States OPEC says total world demand for crude will grow by an estimated 1.02 per cent in 2019 over last year and 1.08 per cent in 2020 compared with this year,... Read More

Energy, materials and financials lift index in Toronto; U.S. markets also up

Energy, materials and financials lift index in Toronto; U.S. markets also up
TORONTO — The key energy, materials and financial sectors helped lift Canada’s main stock index higher in late-morning trading while U.S. stock markets also gained ground. The S&P/TSX composite index was up 53.45 points at 16,590.79. In New York, the Dow Jones industrial average was up 66.01 points at 26,975.44. The S&P 500 index was up 7.85 points at 2,987.24,... Read More

No-spray zones divide French farmers from anxious neighbours

No-spray zones divide French farmers from anxious neighbours
PARIS — When tractors laden with pesticides and other chemicals start spraying the vineyards that produce fruity Bordeaux wines, Marie-Lys Bibeyran’s phone starts to ring. “People call me and say, ‘I was on my terrace having lunch and we had to rush inside, the kids were in the swimming pool,'” says the Bordeaux vineyard worker who turned anti-pesticide campaigner after... Read More

China keeps penalties on US pork, soy, eases some others

China keeps penalties on US pork, soy, eases some others
BEIJING — China announced Wednesday it will exempt American industrial grease and some other imports from tariff hikes in a trade war with Washington but kept in place higher duties on soybeans and other major U.S. exports ahead of negotiations next month. The move adds to suggestions both governments might be settling in for extended conflict by fine-tuning import controls... Read More

Apple takes on Netflix with a $5-a-month streaming service

Apple takes on Netflix with a $5-a-month streaming service
CUPERTINO, Calif. — Apple is finally taking on Netflix with its own streaming television service and, uncharacteristically for the company, offering it at a bargain price — $5 a month beginning on Nov. 1. Walt Disney Co. is launching its own assault on Netflix the same month, for just $7. It may be sheer coincidence that the cost of paying... Read More

Political parties urged to commit to policies for data-driven economy

Political parties urged to commit to policies for data-driven economy
OTTAWA — Chambers of commerce from Canada’s biggest cities will release a campaign wish list today urging political parties to commit to establishing national data-governance standards, making government research more available for businesses and fully harnessing the value of intellectual property. Four years ago, the data-driven economy and digital privacy got little attention in party plans. But since then there’s been a surge in awareness about the opportunities tied to the... Read More

Retailer Roots reports nearly $9.7M Q2 loss, falls short of expectations

Retailer Roots reports nearly $9.7M Q2 loss, falls short of expectations
TORONTO — Retailer Roots Corp. reported a loss of nearly $9.7 million in its latest quarter as the company fell short of expectations. The company says the loss amounted to 23 cents per share for the 13-week period ended Aug. 3 compared with a loss of nearly $4.1 million or 10 cents per share a year earlier. On an adjusted... Read More