Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,946.90, up 7.29 points.) Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up $1.25, or 3.22 per cent, to $40.12 on 10.1 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 22 cents, or 6.83 per cent, to $3.44 on 8.3 million shares. Encana Corp. (TSX:ECA). Energy. Up 20... Read More

OMERS appoints chief pension officer to chief executive, replacing Latimer

OMERS appoints chief pension officer to chief executive, replacing Latimer
TORONTO — OMERS says it has appointed the pension fund’s president and chief pension officer as chief executive effective in June. The pension fund handling the retirement benefits of local government employees in Ontario says Blake Hutcheson will succeed Michael Latimer, who is retiring after two decades with OMERS including the last six as CEO. Board chairman George Cooke says Hutcheson... Read More

Poloz says global growth to remain slow, low global interest rates likely

Poloz says global growth to remain slow, low global interest rates likely
TORONTO — Bank of Canada governor Stephen Poloz said Thursday the global economy appears set for continued slow growth and that low global interest rates are likely to persist. Speaking to the Empire Club in Toronto, Poloz said slowing population growth is holding back economic growth and gains in productivity aren’t happening fast enough to offset the change. And, in... Read More

Energy and health care push TSX higher; U.S. stock markets increase

Energy and health care push TSX higher; U.S. stock markets increase
TORONTO — Strength in the energy and health care sectors helped lift Canada’s main stock index higher in late-morning trading, while U.S. stock markets also increased. The S&P/TSX composite index was up 33.70 points at 16,973.31. In New York, the Dow Jones industrial average was up 188.98 points at 28,100.28. The S&P 500 index was up 20.03 points at 3,161.66, while... Read More

Grocer Empire Co. reports $154.6M Q2 profit, up from $103.8M a year ago

Grocer Empire Co. reports $154.6M Q2 profit, up from $103.8M a year ago
STELLARTON, N.S. — Empire Co. Ltd. says it earned $154.6 million in its latest quarter, up from a profit of $103.8 million in the same quarter last year. The parent company of Sobeys and Safeway grocery stores says the profit amounted to 57 cents per diluted share for the quarter ended Nov. 2 compared with a profit of 38 cents... Read More

Where you live and how much you drive may decide if hybrids are worth the cost

Where you live and how much you drive may decide if hybrids are worth the cost
Hybrid cars are taking up a growing share of new auto purchases as options increase and prices come down. But to figure out if a hybrid makes financial sense, consumers need to do some math. Hybrids — vehicles with both an electric motor and a gasoline engine — cost anywhere from $1,200 to $15,000 more than their internal combustion cousins.... Read More

Royal Bank selling Eastern Caribbean banking operations to consortium

Royal Bank selling Eastern Caribbean banking operations to consortium
TORONTO — Royal Bank of Canada has signed a deal to sell its banking operations in the Eastern Caribbean to a consortium of indigenous banks in the region. Financial terms of the deal were not disclosed. The agreement includes branches in Antigua, Dominica, Montserrat, St. Lucia, and St. Kitts and Nevis. It also includes regional businesses operating under RBC Royal... Read More

Higher ticket prices boost Transat fourth-quarter profits by 200 per cent

Higher ticket prices boost Transat fourth-quarter profits by 200 per cent
MONTREAL — Higher ticket prices and fees tripled Transat AT Inc. profits last quarter as the tour operator worked to complete its takeover by Air Canada. Net income jumped to $20.3 million in the quarter ended Oct. 31, up from $6.8 million a year earlier. Revenues rose 3.6 per cent to $693.2 million from $668.8 million. “This increase resulted from higher average... Read More