B.C. raked in $115 million in vacancy tax from about 12,000 homeowners

B.C. raked in $115 million in vacancy tax from about 12,000 homeowners
VANCOUVER — British Columbia collected $115 million in the 2018-19 fiscal year from homeowners who paid the province’s speculation and vacancy tax. As of Sept. 3, the government said almost 12,000 homeowners were paying the tax targeting people who own vacant property in B.C., Finance Minister Carole James said Thursday. James said more than 1.6 million tax declarations were filed and Ministry... Read More

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 (16,643.28, up 32.14 points). First Quantum Minerals Ltd. (TSX:FM). Materials. Up 79 cents, or 8.55 per cent, to $10.03 on 11.8 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down 76 cents, or 8.93 per cent, to $7.75 on 11.3 million shares. Canadian Natural Resources Ltd.... Read More

TSX hits record high, U.S. markets rise on easing trade tensions with China

TSX hits record high, U.S. markets rise on easing trade tensions with China
TORONTO — Canada’s main stock index hit a record high Thursday thanks to broad-based gains including the heavyweight financial sector. The S&P/TSX composite index was up 64.23 points at 16,675.37 in early afternoon trading on the Toronto Stock Exchange. The index hit an intraday mark of 16,676.37 that beat the all-time high set in April. In New York, the Dow Jones industrial average... Read More

Realtor groups push for eased mortgage rules as federal campaign gets underway

Realtor groups push for eased mortgage rules as federal campaign gets underway
TORONTO — Real estate associations representing nearly three-quarters of the realtors in Canada have called for federal parties to commit to ease mortgage rules as the election campaign gets underway. Organizations representing realtors and brokers in Toronto, Vancouver, Calgary, Edmonton, Quebec and Nova Scotia say too much regulation makes ownership unaffordable. With the federal election set for Oct. 21, the boards and associations have urged federal political... Read More

North American stock markets push higher in late-morning trading

North American stock markets push higher in late-morning trading
TORONTO — The financial and materials sectors helped Canada’s main stock index move up in late-morning trading, while U.S. stock markets also gained ground. The S&P/TSX composite index was up 39.16 points at 16,650.30. In New York, the Dow Jones industrial average was up 53.16 points at 27,190.20. The S&P 500 index was up 9.48 points at 3,010.41, while the... Read More

Supreme Court of Canada will not hear bread price fixing witness case

Supreme Court of Canada will not hear bread price fixing witness case
OTTAWA — The Supreme Court of Canada will not hear an appeal of a lower court decision that kept the identities of a pair of key witnesses in the Competition Bureau’s bread price-fixing investigation confidential. As is usual, the Supreme Court gave no detailed reasons for its decision. Sobeys Inc. and Metro Inc. had sought the disclosure of the identities of... Read More

How to tame addiction to subscriptions that can be a hidden drain on finances

How to tame addiction to subscriptions that can be a hidden drain on finances
TORONTO — When it comes to spending, it’s often easy to overlook the small, routine expenses because they happen without requiring much thought. “We often say that people can nickel and dime themselves to death,” says Laurie Campbell, CEO of Credit Canada. “Because it’s those small expenses that eat away at your budget.” Although there have always been many opportunities... Read More

Aurora Cannabis shares down after it misses own Q4 revenue guidance

Aurora Cannabis shares down after it misses own Q4 revenue guidance
EDMONTON — Shares of Aurora Cannabis were down about nine per cent after the pot producer’s fourth-quarter revenues fell short of its own guidance and it reported a $2.2-million loss. The Edmonton-based company’s stock was at $7.75 in late morning trading, down 8.9 per cent from its previous close of $8.51. Aurora reported $98.9 million in net revenues for the quarter ended June... Read More

Transat AT reports $11M loss as it works to complete Air Canada deal

Transat AT reports $11M loss as it works to complete Air Canada deal
MONTREAL — Transat AT Inc. reports it had an $11.0-million loss in its latest quarter as it worked to complete a takeover of the travel company by Air Canada. The Montreal-based travel company says the loss amounted to 29 cents per share for quarter ended July 31 compared with a loss of $5 million or 13 cents per share in the... Read More