Day: November 26, 2019

Most actively traded companies on the TSX

Editor
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (17,035.88, up 3.02 points.) Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Up two cents, or 0.11 per cent, to $18.27 on 31.2 million shares. Trevali Mining Corp. (TSX:TV). Materials. Down one cent, or 6.06 per cent, to 15.5 cents on 19.8 million shares. Tourmaline Oil... Read More

Arriving ‘too late’ rated biggest risk for growth in Canadian LNG industry

CanadianInvestor
Arriving ‘too late’ rated biggest risk for growth in Canadian LNG industry
CALGARY — The former executive director of the International Energy Agency says the biggest risk to Canada’s nascent LNG industry is that it will be “too late” to join in a massive LNG expansion surge sweeping the globe. Maria van der Hoeven, a retired Dutch politician and leader of the IEA from 2011 to 2015, says there’s time for Canada to compete... Read More

North American stock markets inch up to new record highs in quiet day of trading

CanadianInvestor
North American stock markets inch up to new record highs in quiet day of trading
TORONTO — North American stock markets inched to new record highs Tuesday on a quiet day of trading ahead of the American Thanksgiving holiday. The S&P/TSX composite index closed up 3.02 points at 17,035.88, the highest close to date. In New York, the Dow Jones industrial average was up 55.21 points at 28,121.68. The S&P 500 index was up 6.88 points... Read More

Best Buy cruises into the holidays

CanadianInvestor
Best Buy cruises into the holidays
NEW YORK — Best Buy is entering the critical holiday season with good cheer, raising its profit expectations for the current quarter. The nation’s largest consumer electronics retailer on Tuesday joined a handful of other big box stores like Target and Walmart which are putting up strong sales numbers from the third quarter. Best Buy, once under severe threat from... Read More

Energy and financials weigh on Toronto stock market, U.S. markets up

CanadianInvestor
Energy and financials weigh on Toronto stock market, U.S. markets up
TORONTO — Canada’s main stock index fell in late-morning trading as the heavyweight financial and energy sectors moved lower. The S&P/TSX composite index was down 36.12 points at 16,996.74. In New York, the Dow Jones industrial average was up 24.70 at 28,091.17. The S&P 500 index was up 3.83 points at 3,137.47, while the Nasdaq composite was up 18.14 points at... Read More

Evolution Mining vows to invest after buying Ontario gold complex for US$375M

CanadianInvestor
Evolution Mining vows to invest after buying Ontario gold complex for US$375M
RED LAKE, Ont. — Evolution Mining Ltd. says it will invest US$150 million over the next three years in the “undercapitalized” Red Lake gold complex in western Ontario after striking a deal to buy it for US$375 million from Newmont Goldcorp Corp. In a news release, the Australian company says it plans to spend US$50 million on exploration and invest... Read More

Diamond prices depend on the ‘four Cs’: carat, cut, clarity and colour

CanadianInvestor
Diamond prices depend on the ‘four Cs’: carat, cut, clarity and colour
Jonathan Goldberg meets customers every day who are searching for an engagement ring that will wow their partner at his Toronto jewelry business Kimberfire. But before many can even think about the ring’s size or cut, they are often fretting about something else: the price. It’s not hard to understand why. Engagement rings can cost anywhere from a few thousand... Read More

Grain-growers cancel Ottawa plans as CN, union reach tentative agreement

CanadianInvestor
Grain-growers cancel Ottawa plans as CN, union reach tentative agreement
OTTAWA — Now that Canadian National Railway Co. has reached a tentative agreement with Teamsters Canada and the strike is set to end, Canadian farmers and producers cancelled their plans to descend on Ottawa to press for urgent action. The union says normal operations at CN will resume Wednesday at 6 a.m. local time across Canada. Grain growers had been... Read More

Tech hubs in smaller cities gaining traction as companies hunt for labour

CanadianInvestor
Tech hubs in smaller cities gaining traction as companies hunt for labour
TORONTO — A new report says Toronto still dominates Canada’s tech scene, but smaller markets are making inroads as companies compete to find talent. The report by real estate services firm CBRE notes that while Toronto’s tech talent pool grew by 54 per cent between 2013 and 2018, numerous smaller cities like Hamilton, Guelph, Ont., and Regina also notched strong... Read More

Sidewalk Labs and Plaza Ventures launch fund focused on urban tech

CanadianInvestor
Sidewalk Labs and Plaza Ventures launch fund focused on urban tech
TORONTO — Google sister company Sidewalk Labs has partnered with Plaza Ventures to launch a venture capital fund focused on urban technology. The fund, which includes a $10-million commitment from Sidewalk tied to its proposed Quayside development in Toronto, will focus on a range of early stage Canadian companies that fall under the category. Nicole LeBlanc, director of investments at Sidewalk Labs,... Read More