TSX falls again while U.S. markets rebound on possible trade deal with China

TSX falls again while U.S. markets rebound on possible trade deal with China
TORONTO — Canada’s main stock index fell for a third-straight day Wednesday while U.S. markets rebounded as impeachment concerns took a back seat to possible progress on the trade war between the U.S. and China. The S&P/TSX composite index was hurt by lower crude and gold prices and closed down 14.04 points at 16,784.29 after hitting an intraday low of 16,725.79.... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,784.29, down 14.04 points). Encana Corp. (TSX:ECA). Energy. Down four cents, or 0.64 per cent, to $6.21 on 6.3 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up four cents, or 0.64 per cent, to $6.33 on 6.2 million shares. Crescent Point Energy Corp. (TSX:CPG). Energy. Down... Read More

EBay CEO clashes with board, steps down

EBay CEO clashes with board, steps down
NEW YORK — Devin Wenig, the CEO of eBay, stepped down over differences with the company’s board of directors. “In the past few weeks it became clear that I was not on the same page as my new Board,” Wenig tweeted Wednesday, without elaborating on the disagreements. “Whenever that happens, its best for everyone to turn that page over.” Ebay... Read More

Delayed grain crop due to wet summer dampens spirits of railways, farmers

Delayed grain crop due to wet summer dampens spirits of railways, farmers
MONTREAL — A delayed grain crop is causing headaches for rail companies, elevator operators and farmers following a dry spring and wet summer. Grain carloads at the two major Canadian railways are down 11 per cent so far in the quarter ending Sept. 30 compared to the same period last year. John Brooks, head of marketing at Canadian Pacific Railway Ltd.... Read More

US new home sales climbed a healthy 7.1% in August

US new home sales climbed a healthy 7.1% in August
U.S. new home sales jumped 7.1% in August, as low mortgage rates pull buyers into the housing market. The Commerce Department said Wednesday that new homes sales increased to a seasonally adjusted annual rate of 713,000, up from a revised 666,000 in July. So far this year, sales have risen a healthy 6.4%. Trade tensions and slower economic growth have... Read More

Materials and industrials weigh on TSX, U.S. stock markets push higher

Materials and industrials weigh on TSX, U.S. stock markets push higher
TORONTO — Losses in the industrials and materials sectors weighed on stocks in Toronto as Canada’s main stock index moved lower in late-morning trading. The S&P/TSX composite index was down 34.34 points at 16,763.99. In New York, the Dow Jones industrial average was up 135.46 points at 26,943.23. The S&P 500 index was up 6.71 points at 2,973.31, while the... Read More

CIBC reorienting Canadian mortgage strategy to focus on more markets: CEO

CIBC reorienting Canadian mortgage strategy to focus on more markets: CEO
MONTREAL — The chief executive of CIBC says the bank is starting to “reorient” its Canadian mortgage strategy after having too large a focus on two large markets and not enough on the rest of the country. Victor Dodig says that the Toronto-based lender had veered a little too far in slowing mortgage growth and the bank had “fallen short” for investors. He says that after the adjustments... Read More

WeWork CEO stepping aside amid questions about company

WeWork CEO stepping aside amid questions about company
WeWork’s charismatic but controversial CEO is stepping aside from the communal office-space company he founded, another moment of reckoning between the fast-growing startup and its disenchanted investors. The New York-based company said Tuesday that Adam Neumann will be replaced by two co-CEOs: Artie Minson, formerly co-president and chief financial officer, and Sebastian Gunningham, formerly vice chairman. Neumann will remain on... Read More