Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO – Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,981.47, down 58.73 points.) Continental Gold Inc. (TSX:CNL). Mining. Up 52 cents, or 10.68 per cent, to $5.39 on 21.7 million shares. Husky Energy Inc. (TSX:HSE). Energy. Down nine cents, or 0.93 per cent, to $9.58 on 11.1 million shares. Manulife Financial Corp. (TSX:MFC). Insurance. Down five... Read More

Toronto stock index falls along with U.S. markets as trade tensions rise

Toronto stock index falls along with U.S. markets as trade tensions rise
TORONTO — Canada’s main stock index dropped Monday to start the month down along with U.S. markets as trade tensions rose. The S&P/TSX composite index closed down 58.73 points at 16,981.47 in a broad decline led by the heavily weighted energy and financial sectors. Markets retreated as China signalled some retaliation for the U.S. support in Hong Kong, dampening the trade outlook. “I think the catalyst again... Read More

Two workers missing at Centerra’s Kumtor mine after rockfall, operations halted

Two workers missing at Centerra’s Kumtor mine after rockfall, operations halted
TORONTO — Centerra Gold Inc. says two workers are missing after a “significant rock movement” at its Kumtor mine in the Kyrgyz Republic. The company says the incident happened at the Lysii waste rock dump and that two employees working in the area did not report to the emergency gathering area. Toronto-based Centerra says it has halted open pit mining... Read More

Husky Energy confirms 370 job cuts as it trims 2020-21 spending by $500 million

Husky Energy confirms 370 job cuts as it trims 2020-21 spending by $500 million
CALGARY — About 370 jobs have been cut at Husky Energy Inc. this year with most of the reductions coming in a major round of layoffs in October, CEO Rob Peabody revealed on a conference call Monday to discuss guidance for 2020 and 2021. The Calgary-based company had refused previously to say how many workers were affected by job cuts designed to... Read More

Husky Energy cutting capital spending plan for 2020 and 2021 by $500 million

Husky Energy cutting capital spending plan for 2020 and 2021 by $500 million
CALGARY — Husky Energy Inc. is cutting its capital spending plan for 2020 and 2021 by $500 million compared with its earlier guidance due to what it called changing market conditions. The company is reducing its capital spending for 2020 by $100 million to between $3.2 billion and $3.4 billion. The spending plan for 2021 is being reduced by $400... Read More