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 (16,834.75, up 83.44 points.) Encana Corp. (TSX:ECA). Energy. Down 48 cents, or 6.53 per cent, to $6.87 on 15.8 million shares. Baytex Energy Corp. (TSX:BTE). Energy. Down four cents, or 1.78 per cent, to $2.21 on 13 million shares. Crescent Point Energy Corp. (TSX:CPG). Energy. Down 22 cents,... Read More

TSX reaches record high while U.S. markets flat ahead of Fed rate decision

TSX reaches record high while U.S. markets flat ahead of Fed rate decision
TORONTO — Canada’s main stock index set record highs Tuesday while U.S. markets were relatively flat ahead of an interest rate decision by the Federal Reserve. The S&P/TSX composite index closed up 83.44 points to 16,834.75. That’s a record closing level after earlier reaching a record intraday peak of 16,855.45. In New York, the Dow Jones industrial average was up 33.98 points at 27,110.80. The S&P... Read More

CannTrust says certain licences suspended by Health Canada over ‘non-compliance’

CannTrust says certain licences suspended by Health Canada over ‘non-compliance’
CannTrust Holdings Inc.’s licenses to produce and sell cannabis have been suspended by Health Canada, the pot company disclosed on Tuesday, in the latest setback for the firm which has been under investigation by regulators for cultivation in unlicensed rooms. The Vaughan, Ont.-based company said it received a notice of licence suspension from the federal regulator indicating its authority to produce cannabis, other than... Read More

‘Blood money’? Purdue settlement would rely on opioid sales

‘Blood money’? Purdue settlement would rely on opioid sales
The tentative multibillion-dollar settlement with OxyContin maker Purdue Pharma would raise money to help clean up the opioid mess by … selling more OxyContin. That would amount to blood money, in the opinion of some critics. And it’s one reason two dozen states have rejected the deal. “The settlement agreement basically requires the settlement payments to be made based on... Read More

Federal government posts $14B shortfall in 2018-19

Federal government posts $14B shortfall in 2018-19
OTTAWA — The federal government ran a $14-billion deficit in 2018-19, according to its latest annual financial report, the third year in a row with a shortfall bigger than $10 billion. The deficit for the fiscal year that ended March 31 was $900 million smaller than the government projected in last spring’s federal budget, however. Revenues in 2018-19 expanded by $21 billion — or 6.7 per cent... Read More

Toronto stock market in record territory again, U.S. stock market mixed

Toronto stock market in record territory again, U.S. stock market mixed
TORONTO — Canada’s main stock index pushed into record territory for another day, fuelled by gains in the materials sector offset in part by a retreat of energy stocks. The S&P/TSX composite index was up 76.44 points at 16,828.00 in late-morning trading after hitting a new intraday high of 16,831.76 in earlier trading. In New York, the Dow Jones industrial... Read More

You can pay your property taxes with Bitcoin in certain places (if you want to)

You can pay your property taxes with Bitcoin in certain places (if you want to)
Residents in a handful of Canadian municipalities have a new payment option for property taxes. The cities of Richmond Hill and Innisfil, both north of Toronto, have become the first in the country to accept cryptocurrency — a digital-based payment system operating without the central oversight of banks or credit card companies — for property tax payments. Other cities, including Toronto, have... Read More

Canadian e-commerce company Shopify updates platform for CBD sellers in U.S.

Canadian e-commerce company Shopify updates platform for CBD sellers in U.S.
NEW YORK — Shopify Inc. says its e-commerce and retail platform has been given new features to help U.S. merchants sell hemp and hemp-derived cannabidiol products where permitted by law. The announcement follows last year’s passage of U.S. federal legislation that removed hemp from the Controlled Substances Act, which still covers cannabis products. Hemp may contain CBD, a compound with potential medicinal qualities, but without... Read More

Statistics Canada reports manufacturing sales fell 1.3 per cent in July

Statistics Canada reports manufacturing sales fell 1.3 per cent in July
OTTAWA — Statistics Canada says manufacturing sales fell 1.3 per cent to $57.2 billion in July as sales in the primary metal and motor vehicle industries moved lower. The agency says sales were down in 11 industries in July, representing 66.8 per cent of total manufacturing sales. Economists had expected a decline of 0.2 per cent, according to financial markets data... Read More