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 (16,483.16, down 18.27 points.) Encana Corp. (TSX:ECA). Energy. Down 37 cents, or 6.69 per cent, to $5.16 on 16.3 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up seven cents, or 4.4 per cent, to $1.66 on 14.7 million shares. Crescent Point Energy Corp. (TSX:CPG). Energy. Down 38... Read More

Encana headquarters move to U.S. part of oilpatch ‘tragedy,’ says Cenovus CEO

Encana headquarters move to U.S. part of oilpatch ‘tragedy,’ says Cenovus CEO
CALGARY — A decision by Encana Corp. to move its corporate headquarters to the U.S. to gain access to needed investment is part of an ongoing story that’s a “tragedy for Canada,” says the CEO of oilsands producer Cenovus Energy Inc. Alex Pourbaix said the move announced Thursday is similar to announcements by some drilling companies to move rigs south of the... Read More

Oil and gas drilling activity expected to fall by 10 per cent in 2020

Oil and gas drilling activity expected to fall by 10 per cent in 2020
CALGARY — The association representing oil and gas service companies is predicting a 10 per cent fall from current depressed levels of drilling in Canada next year. The Petroleum Services Association of Canada says it expects a total of 4,500 wells to be drilled in Canada in 2020, down from 5,000 wells this year and 6,950 in 2018. The association had estimated a year... Read More

North American stock markets fall on Chinese doubts about trade agreement

North American stock markets fall on Chinese doubts about trade agreement
TORONTO — Canada’s main stock index was dragged down along with U.S. markets by Chinese doubts about whether a long-term trade deal can be reached with the United States. The S&P/TSX composite index closed down 18.27 points at 16,483.16. In New York, the Dow Jones industrial average was down 140.46 points at 27,046.23. The S&P 500 index was down 9.21 points... Read More

Bell wireless division in strong position amid changing industry conditions: CEO

Bell wireless division in strong position amid changing industry conditions: CEO
TORONTO — Bell’s wireless division had record third-quarter subscriber additions and it’s in a good competitive position amid major industry changes such as new unlimited data plans and device financing options, BCE Inc. executives said Thursday. BCE chief executive George Cope, who is set to retire in January, opened his last quarterly analyst call with a long list of favourable metrics... Read More

Resolute shares fall to new low after forest products producer swings to Q3 loss

Resolute shares fall to new low after forest products producer swings to Q3 loss
MONTREAL — Shares of Resolute Forest Products Inc. dropped to an all-time low Thursday after the pulp, paper and lumber producer missed expectations as it swung to a third-quarter loss. The Montreal-based company’s shares fell $1.14 or 19 per cent to $4.85 in early afternoon trading on the Toronto Stock Exchange. Resolute says its net loss attributable to shareholders was US$43... Read More

Thomson Reuters reports US$44M Q3 loss, revenue up 10 per cent from year ago

Thomson Reuters reports US$44M Q3 loss, revenue up 10 per cent from year ago
TORONTO — Thomson Reuters reported a loss in its latest quarter compared with a profit a year ago as revenue climbed 10 per cent. The information services company, which keeps its books in U.S. dollars, had a loss of US$44 million or nine cents per share in its latest quarter compared with a profit of $302 million or 39 cents per... Read More

New SNC-Lavalin CEO says plea deal unlikely despite Liberal election win

New SNC-Lavalin CEO says plea deal unlikely despite Liberal election win
MONTREAL — The head of SNC-Lavalin Group Inc. says he is not expecting a plea deal on criminal charges against the engineering firm in the wake of the Liberal election victory. “We kind of remain focused on defending ourselves through a court process,” said Ian Edwards, regarding an upcoming trial on bribery and corruption charges linked to SNC-Lavalin’s alleged dealings in Libya between... Read More

Energy sector weighs on stocks in Toronto, U.S. stock markets fall

Energy sector weighs on stocks in Toronto, U.S. stock markets fall
TORONTO — Canada’s main stock index fell in late-morning trading as losses in the energy sector weighed on the market, while U.S. stock markets also fell. The S&P/TSX composite index was down 64.59 points at 16,436.84. In New York, the Dow Jones industrial average was down 187.07 points at 26,999.62. The S&P 500 index was down 14.35 points at 3,032.42,... Read More

Waterfront Toronto board approves interim terms with Sidewalk Labs on Quayside

Waterfront Toronto board approves interim terms with Sidewalk Labs on Quayside
TORONTO — Waterfront Toronto’s board has voted unanimously in favour of key terms to keep Sidewalk Labs’ proposed Quayside development alive. The two sides had set a deadline of today to resolve issues including the project’s scale, public transit commitments, developer selection, and privacy and data issues before going further in the process. With approval of the terms, Sidewalk’s proposal will move to a formal evaluation and... Read More