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 (16,745.64, up 63.72 points.) Encana Corp. (TSX:ECA). Energy. Down 20 cents, or 3.15 per cent, to $6.15 on 15.7 million shares. Semafo Inc. (TSX:SMF). Materials. Down 44 cents or 11.2 per cent to $3.49 on 7.5 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Up 22 cents,... Read More

Ontario to allow cannabis retailers to sell online and over the phone

Ontario to allow cannabis retailers to sell online and over the phone
TORONTO — Ontario says it will allow cannabis retailers to sell products online or over the phone for in-store pick-up. The government announced the proposed changes in its fall economic statement today, saying they will decrease waits for access to legal cannabis. The Progressive Conservatives say the change is part of a promise to lift the cap on the number of cannabis stores and combat... Read More

Stocks move higher in Toronto as financials, industrials and materials rise

Stocks move higher in Toronto as financials, industrials and materials rise
TORONTO — The heavyweight financial, industrial and materials sectors helped lift Canada’s main stock index higher in late-morning trading, while energy stocks lost ground. The S&P/TSX composite index was up 64.34 points at 16,746.26, In New York, the Dow Jones industrial average was up 3.30 points at 27,495.93. The S&P 500 index was down 0.94 points at 3,073.68, while the... Read More

GFL Environmental cancels IPO after investors seek price below range

GFL Environmental cancels IPO after investors seek price below range
TORONTO — GFL Environmental Inc. is cancelling its initial public offering, which was expected to raise upwards of US$2.4 billion, after investors proposed pricing below its desired range. The Toronto-based waste management company in October had launched its IPO priced at between US$20 and US$24 per share. “The existing shareholders determined that the proposed pricing offered in the IPO at 18.00... Read More

Semafo reports attack near mine in Burkina Faso, several fatalities and injuries

Semafo reports attack near mine in Burkina Faso, several fatalities and injuries
MONTREAL — Semafo Inc. says several people have been killed in an attack on a road to its Boungou Mine site in Burkina Faso. The gold miner says the incident happened about 40 kilometres from the mine. The convoy, escorted by military personnel, included five buses transporting Semafo employees, contractors and suppliers. Semafo says it has information of several fatalities... Read More

Ikea plans to open small stores in Toronto core as consumers crave convenience

Ikea plans to open small stores in Toronto core as consumers crave convenience
Ikea Canada plans to open its first smaller, downtown store format in the country in Toronto within the next two years. The focus on the new formats for the retailer known for massive stores that can feel like walking through a home furnishings and decor labyrinth comes as urban consumers demand spaces closer to them that don’t require a long... Read More

Squamish Nation-led housing project in Vancouver to double in size

Squamish Nation-led housing project in Vancouver to double in size
VANCOUVER — One of the largest Indigenous-led urban development projects in Canada that proponents hope will rise in the heart of Vancouver is set to double in size with 6,000 units planned. Khelsilem, a Squamish Nation councillor, said the proximity of the project to downtown Vancouver is among the reasons for the larger-scale development. “We have a fiduciary responsibility to achieve the highest... Read More

Supreme Court set to hear Uber case with implications for gig economy

Supreme Court set to hear Uber case with implications for gig economy
OTTAWA — The Supreme Court of Canada is set to start to hear a case today brought by Uber with potentially significant implications for the gig economy. The company has challenged an Ontario Court of Appeal decision that found the company’s contract clause that requires arbitration, rather than allowing class-action lawsuits, was invalid and unconscionable. The lower court ruling came about after... Read More

DHX Media reports bigger Q1 loss due to reorganization and foreign exchange loss

DHX Media reports bigger Q1 loss due to reorganization and foreign exchange loss
HALIFX, N.S. — DHX Media Ltd. reported its first-quarter loss grew compared with a year ago as it was hit by one-time reorganization charges and a non-cash foreign exchange loss. The company, which is changing its name to Wildbrain, says the loss amounted to $16.0 million or 12 cents per share for the quarter ended Sept. 30 compared with a... Read More