TSX hits record high close as energy sector climbs after Saudi Arabia attack

TSX hits record high close as energy sector climbs after Saudi Arabia attack
TORONTO — Canada’s main stock index closed at a record high, boosted by a surging energy sector following a weekend attack on a Saudi Arabian oil facility. The S&P/TSX composite index rose 68.89 points at 16,751.31, topping its previous high of 16,682.42 set on Friday. In New York, the Dow Jones industrial average fell 142.70 points to 27,076.82. The S&P 500... Read More

Oil price jump linked to Saudi Arabian attacks sparks energy stock rally

Oil price jump linked to Saudi Arabian attacks sparks energy stock rally
CALGARY — Long-suffering Canadian energy company stocks were on track to post their best day in nearly three years after an attack on Saudi Arabian oil facilities on the weekend sent oil prices soaring. The index that tracks energy company share prices on the Toronto Stock Exchange was up as much as 11 per cent just before noon Monday, led by... Read More

Yada yada yada: Netflix to air ‘Seinfeld’ starting in 2021

Yada yada yada: Netflix to air ‘Seinfeld’ starting in 2021
LOS GATOS, Calif. — Netflix says it will start streaming all 180 episodes of “Seinfeld” in 2021, gaining a hugely popular addition to its library as the battle for viewers heats up. Netflix Inc. struck the deal with Sony Pictures Television for the global streaming rights to the Emmy-winning television comedy, which aired its final episode in 1998. Terms were... Read More

NHL players stay with CBA, labour peace set to at least 2022

NHL players stay with CBA, labour peace set to at least 2022
National Hockey League players have decided not to opt out of the collective bargaining agreement, guaranteeing labour peace until at least 2022. The NHLPA announced its decision Monday just before the deadline to trigger its opt-out clause. Not terminating the CBA is a positive sign that negotiations are progressing toward an extension. Meetings between owners and players have been going... Read More

Energy sector helps lift main Canadian stock index to another record high

Energy sector helps lift main Canadian stock index to another record high
TORONTO — Canada’s main stock index hit another intraday high in early trading as the energy sector surged following an attack on the weekend on an oil facility in Saudi Arabia. The S&P/TSX composite index was up 70.95 points at 16,753.00. The index hit a high of 16,765.34 in earlier trading, topping its previous high water mark of 16,756.11 set... Read More

CREA reports August home sales up from year ago, raises forecast for 2019

CREA reports August home sales up from year ago, raises forecast for 2019
OTTAWA — The Canadian Real Estate Association raised its forecast for home sales this year, helped by economic fundamentals and falling mortgage rates. The organization says national home sales are now projected to rise to 482,000 units this year, up five per cent from 2018. In June, CREA predicted sales to climb 1.2 per cent to 463,000 this year. The improved... Read More

Blackstone signs deal to acquire Dream Global Real Estate Investment Trust

Blackstone signs deal to acquire Dream Global Real Estate Investment Trust
TORONTO — Blackstone has signed a deal to acquire Dream Global Real Estate Investment Trust in a deal valued at $6.2 billion, including debt. Dream Global holds a portfolio of office and industrial properties located in Western Europe, focused on Germany and the Netherlands. Under the agreement, Dream Global unitholders will receive $16.79 per unit. Dream Global units closed at... Read More