Slow economic growth bad for Canada’s foreign policy goals: experts

Slow economic growth bad for Canada’s foreign policy goals: experts
OTTAWA — Canada’s slow economic growth and competitiveness is undercutting its global interests, experts say, as the post “sunny ways” version of the Trudeau government’s foreign policy emerges Wednesday with the announcement of a new cabinet. The key moving parts could include a replacement for Foreign Affairs Minister Chrystia Freeland, who might be given a new domestic portfolio, and the... Read More

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 (17,011.40, down 13.71 points.) Aurora Cannabis Inc. (TSX:ACB). Health care. Up 11 cents, or 3.67 per cent, to $3.11 on 26.4 million shares. Enbridge Inc. (TSX:ENB). Energy. Down 32 cents, or 0.64 per cent, to $49.94 on 7.1 million shares. Manulife Financial Corp. (TSX:MFC). Financials.... Read More

Investor vows to vote against Encana moving HQ from Calgary to Denver

Investor vows to vote against Encana moving HQ from Calgary to Denver
CALGARY — A Canadian investment management firm with a four per cent stake in Calgary-based Encana Corp. says it will vote against Encana’s plan to move its headquarters to the United States. Letko, Brosseau & Associates Inc. says the planned move to Denver would lead to Encana’s removal from S&P/TSX stock indexes. That would mean investors holding Encana through indexed Canadian funds... Read More

OSC moving forward with 107 initiatives to simplify capital markets burden

OSC moving forward with 107 initiatives to simplify capital markets burden
TORONTO — Ontario’s securities regulator says it will allow small and medium-sized firms to outsource compliance functions as part of more than 100 actions designed to simplify the burden to do business in the province’s capital markets. The Ontario Securities Commission says the changes announced Tuesday will result in enhanced service levels, less duplication and a more tailored regulatory approach. The... Read More

Buying your first stock requires lots of research before you take the plunge

Buying your first stock requires lots of research before you take the plunge
When Robin Speziale entered Grade 10, his teacher dropped a business newspaper on a desk in front of his class and asked each student to circle a stock to spend the semester tracking. While most classmates lost interest when the term ended, Speziale was enamoured. By 30, the Toronto man had built a stock portfolio worth $300,000 and written a... Read More

Falling energy sector leads TSX in broad-based decline as oil prices dip

Falling energy sector leads TSX in broad-based decline as oil prices dip
TORONTO — Canada’s main stock index fell in late-morning trading on a broad-based decline led by the energy sector as the price of oil fell. The S&P/TSX composite index was down 49.87 points at 16,975.24. In New York, the Dow Jones industrial average was down 62.51 points at 27,973.71. The S&P 500 index was down 2.28 points at 3,119.75, while... Read More

Grain shippers worried about strike as feds urge CN and union to continue talks

Grain shippers worried about strike as feds urge CN and union to continue talks
MONTREAL — Grain shippers are concerned about the impact of a strike by about 3,200 Canadian National Railway Co. workers in an already tough harvest year. The Teamsters Canada Rail Conference announced the work stoppage Monday night after the two parties failed to reach a deal by the midnight deadline. Conductors, trainpersons and yard workers were on the picket lines, halting freight trains... Read More

Trans Mountain received $320M in government subsidies in first half 2019: report

Trans Mountain received $320M in government subsidies in first half 2019: report
VANCOUVER — The Trans Mountain pipeline received $320 million in subsidies from the Canadian and Alberta governments in the first half of 2019, says a new report by an economic institute that analyzes environmental issues. The money included $135.8 million in direct subsidies and $183.8 million in indirect subsidies that were not clearly disclosed to taxpayers, says the report by the... Read More