Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,909.38, up 26.55 points.) Enbridge Inc. (TSX:ENB). Energy. Up 73 cents, or 1.46 per cent, to $50.67 on 12.4 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Up 31 cents, or 1.19 per cent, to $26.38 on 12.2 million shares. Bombardier Inc. (TSX:BBD.B). Industrials, Down 13 cents, or... Read More

Organigram shares dive nearly 20% after warning Q4 revenue would miss Q3 levels

Organigram shares dive nearly 20% after warning Q4 revenue would miss Q3 levels
MONCTON, N.B. — Shares in Organigram Holdings Inc. were hit hard Tuesday after the cannabis company said its fourth-quarter net revenue is expected to be lower than what the company saw in its third quarter. The cannabis producer’s shares closed down 89 cents or 19.96 per cent at $3.57 on the Toronto Stock Exchange. Organigram says it expects net revenue for the... Read More

TSX hits record high close despite flat day across North American stock markets

TSX hits record high close despite flat day across North American stock markets
TORONTO — Canada’s main stock index reached a record high close even as North American stock markets were relatively flat amid a lack of news on trade talks between the world’s largest economies. The S&P/TSX composite index closed up 26.55 points at 16,909.38, beating the high set in late September. In New York, the Dow Jones industrial average was unchanged at 27,691.49. The S&P... Read More

Rona’s ‘truly Canadian,’ ‘proudly Canadian’ signs inaccurate, Ad Standards says

Rona’s ‘truly Canadian,’ ‘proudly Canadian’ signs inaccurate, Ad Standards says
TORONTO — Ad Standards says Rona Inc.’s “truly Canadian” and “proudly Canadian” store signs are inaccurate since the company has been acquired by a U.S. firm. The advertising industry’s self-regulatory body says it received two complaints about the accuracy of the large outdoor signs located on some of the home improvement stores. In May 2016, North Carolina-based Lowe’s Companies Inc. acquired... Read More

Imperial ‘scurrying’ to ramp up crude by rail but uninterested in rail contracts

Imperial ‘scurrying’ to ramp up crude by rail but uninterested in rail contracts
CALGARY — Imperial Oil Ltd. is “scurrying” to quickly ramp up crude-by-rail shipments from its Edmonton terminal to take advantage of improved profitability caused by the Keystone pipeline spill in North Dakota, CEO Rich Kruger said Tuesday. But the company has little interest in buying $3.7 billion in rail contracts the provincial government is trying to unload because the market is too volatile to count... Read More

Canadian insolvencies increase 8.4 per cent over past 12 months to September

Canadian insolvencies increase 8.4 per cent over past 12 months to September
TORONTO — The Office of the Superintendent of Bankruptcy says the number of Canadian insolvencies increased 8.4 per cent over the past 12 months to September. The number of consumer insolvencies (bankruptcies and proposals) increased to 8.5 per cent compared with the same period a year earlier, while business insolvencies grew by 4.1 per cent. The mining, oil and gas... Read More

Research, experimentation key to finding the right price for your Airbnb rental

Research, experimentation key to finding the right price for your Airbnb rental
Carolyn Hocquard wanted to make some extra cash to cover rent, when her mom moved out of their downtown Halifax home four years ago. So the social media and web design worker did what thousands in the country have done: rent their place to visitors for short stays using Airbnb. But before Hocquard could open her two spare rooms to... Read More

Disney Plus service arrives in Canada with a few technical hurdles

Disney Plus service arrives in Canada with a few technical hurdles
TORONTO — Disney Plus has arrived in Canada, becoming the newest player in the growing menu of TV options, but some users say they’ve encountered technical problems trying to access the streaming platform. A number of Canadians took to social media on Tuesday complaining they were unable to sign up for the service, which debuted a few hours earlier. Some posted screenshots of error messages that included characters... Read More

Cannabis company Cronos Group reports third-quarter revenue grew to $12.7M

Cannabis company Cronos Group reports third-quarter revenue grew to $12.7M
TORONTO — Cannabis company Cronos Group Inc. reported a profit in its third quarter, boosted by a large gain in derivative liabilities, as revenue grew to $12.7 million. The company says its net profit amounted to $788 million or 53 cents per diluted share for the quarter ended Sept. 30. That compared with a loss of $7.3 million or four cents... Read More