Catalyst Capital Group makes rival takeover offer for Hudson’s Bay Co.

Catalyst Capital Group makes rival takeover offer for Hudson’s Bay Co.
The groups behind competing offers to take Canada’s oldest retailer private engaged in a public war of words Wednesday after Catalyst Capital Group made an alternative offer to Hudson’s Bay Co. shareholders. “We are pleased to offer all HBC shareholders a superior offer to the flawed and coercive transaction constructed by (HBC executive chairman) Richard Baker,” said Gabriel de Alba, managing director... Read More

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 (17,100.57, up 64.69 points.) Aurora Cannabis Inc. (TSX:ACB). Health care. Up 15 cents, or 4.67 per cent, to $3.36 on 10.9 million shares. Encana Corp. (TSX:ECA). Energy. Up eight cents, or 1.52 per cent, to $5.35 on 6.7 million shares. Crescent Point Energy Corp. (TSX:CPG).... Read More

North American markets post new record highs on stronger U.S. economic growth

North American markets post new record highs on stronger U.S. economic growth
TORONTO — North American stock markets set new record highs yet again on good U.S. data including a positive revision in economic growth in the third quarter. The S&P/TSX composite index closed up 64.69 points to a record close of 17,100.57. In New York, the Dow Jones industrial average was up 42.32 points at 28,164.00. The S&P 500 index was up 13.11... Read More

Industrials and financials help lift S&P/TSX composite, U.S. stocks mixed

Industrials and financials help lift S&P/TSX composite, U.S. stocks mixed
TORONTO — Gains in the industrials and financial sectors helped Canada’s main stock index move higher in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 14.97 points at 17,050.85. In New York, the Dow Jones industrial average was down 7.31 points at 28,114.37. The S&P 500 index was up 4.98 points at 3,145.50, while... Read More

Powersports vehicles propel BRP to record third-quarter revenue, raised guidance

Powersports vehicles propel BRP to record third-quarter revenue, raised guidance
BRP Inc. rode sales of three-wheeled and utility vehicles to record third-quarter revenues, boosting its financial guidance for the third time this year. The maker of Ski-Doo snowmobiles and Sea-Doo watercraft saw profits jump by 50 per cent year over year to $135.3 million last quarter. “Our efforts are paying off, and we don’t intend to ease up,” chief executive Jose Boisjoli... Read More

US economy grew at a moderate 2.1% annual rate last quarter

US economy grew at a moderate 2.1% annual rate last quarter
WASHINGTON — The U.S. economy grew at a moderate 2.1% rate over the summer, slightly faster than first estimated. But many economists say they think growth is slowing sharply in the current quarter. The Commerce Department says the July-September growth rate in the gross domestic product, the economy’s total output of goods and services slightly exceeded its initial estimate of... Read More