House intel chief says Facebook working on election threats

House intel chief says Facebook working on election threats
WASHINGTON — The head of the House Intelligence Committee said Friday he has been assured by the CEO of Facebook that the company is working on ways to prevent foreign actors from disrupting next year’s elections. Rep. Adam Schiff of California met with Mark Zuckerberg and said the Facebook CEO showed a deep awareness of the threat to the elections... Read More

Toronto stock market hits record highs for fourth day of the week

Toronto stock market hits record highs for fourth day of the week
TORONTO — Canada’s main stock index reached record highs for a fourth day of the week to defy decreases in the U.S. over renewed trade concerns. The S&P/TSX composite index closed up 41.34 points at 16,899.69, after hitting an intraday record of 16,947.23 in earlier trading. In New York, the Dow Jones industrial average was down 159.72 points at 26,934.46. The... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,899.69, up 41.34 points.) Roxgold Inc. (TSX:ROXG). Materials. Unchanged at $1.21 on 24.3 million shares. Husky Energy Inc. (TSX:HSE). Energy. Up eight cents, or 0.82 per cent, to $9.84 on 14.4 million shares. Encana Corp. (TSX:ECA). Energy. Up two cents, or 0.31 per cent,... Read More

New LNG technology developed at University of Calgary touted as greener, cheaper

New LNG technology developed at University of Calgary touted as greener, cheaper
CALGARY — University of Calgary researchers focused on nanotechnology say they have developed a cheaper and more environmentally friendly way to create liquefied natural gas. Associate professor Nassar Nashaat and student Arash Ostovar say the Split Flow Integrated LNG process they developed and patented uses specialized materials and chemistry to remove carbon dioxide and other impurities from the natural gas stream without having to cool and then warm the gas as... Read More

Canadian retail sales up 0.4 per cent in July, first increase in three months

Canadian retail sales up 0.4 per cent in July, first increase in three months
OTTAWA — Statistics Canada says retail sales rose 0.4 per cent in July to $51.5 billion, the first increase in three months. Economists had expected an increase of 0.6 per cent, according to financial markets data firm Refinitiv. Statistics Canada says sales were up in six of the 11 subsectors it tracks representing 71 per cent of retail trade. Motor vehicle and... Read More

Hudson’s Bay Co. closing its 15 Hudson’s Bay stores in the Netherlands

Hudson’s Bay Co. closing its 15 Hudson’s Bay stores in the Netherlands
TORONTO — Hudson’s Bay Co. is closings its 15 Hudson’s Bay stores in the Netherlands, according to the union representing workers at the stores. The union says there are 1,424 employees, although it’s not clear how many are full-time and how many are part-time. The company was not immediately available for comment. HBC opened its first Hudson’s Bay store in... Read More

HELOCs, refinancing helped fuel spending, Bank of Canada researchers say

HELOCs, refinancing helped fuel spending, Bank of Canada researchers say
OTTAWA — Research by staff at the Bank of Canada suggests Canadian homeowners who accessed their home equity through a loan or refinancing helped fuel household spending in recent years. The staff analytical note by several of the central bank’s researchers says household spending has moved in a similar direction to home prices over roughly the past decade, with both... Read More

Supreme Court says case against optical-drive makers over price-fixing can go on

Supreme Court says case against optical-drive makers over price-fixing can go on
OTTAWA — The Supreme Court of Canada has given the green light to a pair of British Columbia class-action suits alleging a global price-fixing conspiracy by electronics firms. The suits, filed by Whistler, B.C., businessman Neil Godfrey, allege the companies overcharged buyers of optical disc drives and products containing them, such as computers and video-game consoles. The cases, involving more than 40 defendants, including powerhouses such... Read More

Choice Properties REIT selling portfolio of 30 properties for $426 million

Choice Properties REIT selling portfolio of 30 properties for $426 million
TORONTO — Choice Properties Real Estate Investment Trust has signed a deal to sell 30 properties in mostly smaller communities across Canada for $426 million. The buyer was not immediately identified. The portfolio includes 27 stand-alone retail properties and three distribution centres. They have an average lease term of approximately 12 years with Loblaw Companies Ltd., an affiliated company. The buyer also has... Read More