Fund compensating Boeing crash victims starts taking claims

Fund compensating Boeing crash victims starts taking claims
A $50 million fund for compensating families of people killed in crashes of Boeing 737 Max planes has begun taking claims. Fund officials said Monday they have begun accepting applications, with a deadline of Dec. 31 for submitting claims. Boeing is providing money for the fund, which works out to nearly $145,000 for each of the 346 people who died... Read More

TSX falls off record high on flattish day while U.S. markets mixed

TSX falls off record high on flattish day while U.S. markets mixed
TORONTO — Canada’s main stock index fell from its record high on a flattish day in which losses in the financial and telecommunications sectors offset gains in materials and energy. The S&P/TSX composite index closed down 32.49 points at 16,867.20. In New York, the Dow Jones industrial average was up 14.92 points at 26,949.99. The S&P 500 index was down 0.29 points... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,867.20, down 32.49 points). Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 18 cents, or 0.49 per cent, to $36.63 on seven million shares. Nemaska Lithium Inc. (TSX:NMX). Materials. Down 3.5 cents, or 12.5 per cent, to 24.5 cents on 6.8 million shares. First... Read More

‘It’s on:’ Kenney vows to counter Texas efforts to lure Canadian companies south

‘It’s on:’ Kenney vows to counter Texas efforts to lure Canadian companies south
CALGARY — Alberta’s premier has a message for Texas firms looking to lure Canadian businesses to the Lone Star State — it’s on. Jason Kenney says there has been a huge flight of money from Alberta’s energy sector to Texas in recent years. One Houston-area real estate company says it has helped move 40 Canadian companies in the last year and... Read More

Osisko shares tumble after it proposes all-shares Barkerville Gold takeover

Osisko shares tumble after it proposes all-shares Barkerville Gold takeover
MONTREAL — Shares in Osisko Gold Royalties Ltd. fell by almost 10 per cent Monday after it announced a deal to buy the shares of Barkerville Gold Mines Ltd. it doesn’t already own. Osisko, which has a 32.6 per cent stake in Barkerville, says the deal will give it a larger role in advancing and developing Barkerville’s Cariboo gold project in British Columbia. The... Read More

Financials and telecom weigh on stocks in Toronto, U.S. markets mixed

Financials and telecom weigh on stocks in Toronto, U.S. markets mixed
TORONTO — Canada’s main stock index fell in late-morning trading, weighed down by losses in the financial sector and telecommunications stocks. The S&P/TSX composite index was down 29.37 points at 16,870.32. In New York, the Dow Jones industrial average was up 3.24 points at 26,938.31. The S&P 500 index was down 1.21 points at 2,990.86, while the Nasdaq composite was... Read More

Tour company Thomas Cook ceases trading, bookings cancelled

Tour company Thomas Cook ceases trading, bookings cancelled
LONDON — British tour operator Thomas Cook has ceased trading and all its hundreds of thousands of bookings cancelled after the firm failed to secure rescue funding. The Civil Aviation Authority announced the film’s collapse early Monday. More than 600,000 vacationers had booked through the company. CAA said 150,000 are British customers now abroad who will have to be repatriated.... Read More

DHX Media changing name to WildBrain, launches reorganization of company

DHX Media changing name to WildBrain, launches reorganization of company
HALIFAX — DHX Media Ltd. is changing its name to WildBrain, the name of its child-focused YouTube business, and launching a reorganization of the company. The producer and distributor of child and youth-oriented programming says its YouTube business has been renamed WildBrain Spark. The company also says chief operating officer Aaron Ames has been appointed as chief financial officer to replace Doug... Read More

First Quantum in talks to sell minority stake in Zambian copper assets

First Quantum in talks to sell minority stake in Zambian copper assets
TORONTO — First Quantum Minerals Ltd. says it’s in talks regarding a potential sale of a minority interest in its Zambian copper assets. However, the Canadian miner says it has not held any talks regarding a takeover of the company. It also said there could be no guarantee that a transaction for a minority stake in the Zambian assets will be reached.... Read More