Toronto stock market sets new record high on rally led by materials and financials

Toronto stock market sets new record high on rally led by materials and financials
TORONTO — Canada’s main stock index set a new record high on a broad-based rally led by materials and financials. The S&P/TSX composite index closed up 58.06 points at 16,858.35, after going as high as 16,913.49 earlier in the trading session. In New York, the Dow Jones industrial average was down 52.29 points at 27,094.79. The S&P 500 index was flat at... 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 (16,858.35, up 58.06 points). Baytex Energy Corp. (TSX:BTE). Energy. Up three cents, or 1.36 per cent, to $2.23 on 7.5 million shares. Encana Corp. (TSX:ECA). Energy. Down 18 cents, or 2.69 per cent, to $6.51 on 7.4 million shares. First Quantum Minerals Ltd. (TSX:FM). Materials. Up $1.05, or... Read More

Understanding weather risks for home insurance as premiums, coverage shift

Understanding weather risks for home insurance as premiums, coverage shift
TORONTO — As the immediate impacts of hurricane Dorian fade from the East Coast, its effects on home insurance profiles will linger on. The claims made by homeowners for storm-related damage are added to a long-term profile of their properties, which, like a credit report, creates an overall picture of risk that can sway how much they may have to pay in premiums, and potentially, if they... Read More

California adds wage, benefit protections for gig workers

California adds wage, benefit protections for gig workers
SACRAMENTO, Calif. — California’s governor on Wednesday signed sweeping labour legislation that aims to give wage and benefit protections to rideshare drivers at companies such as Uber and Lyft and to as many as a million workers across other industries. The closely watched proposal could have national implications as lawmakers, businesses and unions confront the changing nature of work and... Read More

CannTrust says goods returned by Alberta government cannabis firm worth $1.3M

CannTrust says goods returned by Alberta government cannabis firm worth $1.3M
VAUGHAN, Ont. — CannTrust Holdings Inc. said Thursday that about $1.3 million worth of its products will be returned by the Alberta government’s cannabis wholesaler and online retailer. The Alberta Gaming, Liquor and Cannabis agency announced the returns on Wednesday after Health Canada suspended CannTrust’s licences to produce and sell pot. CannTrust noted Thursday that Health Canada has not ordered a... Read More

Bank of England holds rates amid acute Brexit uncertainties

Bank of England holds rates amid acute Brexit uncertainties
LONDON — The Bank of England has kept its main interest rate unchanged at 0.75% as rate-setters await developments on the Brexit front. The nine members of the Monetary Policy Committee all voted in favour of keeping rates unchanged. In a statement Thursday, rate-setters said developments related to Britain’s departure from the European Union — due on Oct. 31 —... Read More