Emphasis on US exports, trade secrets in China trade deal

Emphasis on US exports, trade secrets in China trade deal
WASHINGTON — The United States and China reached a trade deal Wednesday that eases tensions between the world’s two biggest economies, offers massive export opportunities for U.S. farms and factories, and promises to do more to protect American trade secrets. Still, the Phase 1 agreement leaves unresolved Washington’s fundamental differences with Beijing, which is relying on massive government intervention in... Read More

Starbucks to open pick-up focused Toronto spot as eateries revamp for ‘this new digital age’

Starbucks to open pick-up focused Toronto spot as eateries revamp for ‘this new digital age’
Customers accustomed to hunkering down for hours to work or socialize won’t be able to do so at the newest Starbucks format that lacks seating and encourages people to grab their drinks and go. Starbucks Canada announced Tuesday it will open what it calls a pickup store in downtown Toronto’s underground pedestrian complex, the PATH. The move is part of... 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 (17,415.17, up 62.27 points.) Aurora Cannabis Inc. (TSX:ACB). Health care. Up 36 cents, or 15.45 per cent, to $2.69 on 19.6 million shares. Organigram Holdings Inc. (TSX:OGI). Health care. Up $1.24, or 44.13 per cent, to $4.05 on 9.9 million shares. Hexo Corp. (TSX:HEXO). Health care. Up 33... Read More

North American stock markets set new records after U.S.-China trade deal signing

North American stock markets set new records after U.S.-China trade deal signing
TORONTO — North American stock markets moved further into record territory in the aftermath of the signing of a trade deal between the world’s two largest economies. The S&P/TSX composite index was up 62.27 points at 17,415.17 after trading as high as 17,421.67. In New York, markets set intraday highs before giving up much of the gains. The Dow Jones... Read More

Ahead in the clouds: Alibaba plans to change the Olympics

Ahead in the clouds: Alibaba plans to change the Olympics
LAUSANNE, Switzerland — Alibaba’s promise to the Olympic family is to bring its technological might to help organizers, broadcasters and fans. The Chinese tech giant’s Olympic sponsorship deal is worth hundreds of millions of dollars and runs for 12 years, starting in 2017 and continuing through the upcoming Tokyo Games and the 2022 Winter Games in Beijing and into the... Read More

BDC survey finds business confidence down, but companies still plan to invest

BDC survey finds business confidence down, but companies still plan to invest
MONTREAL — A new survey by the Business Development Bank of Canada suggests trade disputes and a global slowdown have undermined small business confidence in the economy, but firms still plan to make investments in their businesses. Despite the drop in confidence in the economy, Canadian entrepreneurs on balance are more upbeat about their own prospects and expect to see... Read More

Teck Resources to pay $2 million for SunMine solar project at Kimberley, B.C.

Teck Resources to pay $2 million for SunMine solar project at Kimberley, B.C.
VANCOUBER, B.C. — Mining company Teck Resources Ltd. says it is purchasing the SunMine solar electricity generating facility in B.C. from the City of Kimberley. The Vancouver-based company says it has agreed to pay about $2 million, matching the city’s debt associated with the operation. The 1.05-megawatt SunMine opened in 2015 on reclaimed land at Teck’s Sullivan Mine, which was closed in 2001 after... Read More

Recurring federal deficits could be risky for future generations, study says

Recurring federal deficits could be risky for future generations, study says
MONTREAL — By continuing to post deficits with no clear deadline for a return to balanced budgets, Ottawa is pursuing a risky strategy that could leave a steep bill for future generations, according to a study by HEC Montreal’s Centre for Productivity and Prosperity. In an analysis released Wednesday, the authors concede that the federal government’s decision to run deficits from 2015 to 2018 to stimulate growth was... Read More

Cogeco Communications shares drop as Q1 results miss expectations

Cogeco Communications shares drop as Q1 results miss expectations
MONTREAL — Shares of Cogeco Communications Inc. fell by nearly seven per cent Wednesday after the cable and internet provider missed expectations despite a 20 per cent increase in net income in its most recent quarter. The Montreal-based company’s shares were down $7.62 or 6.7 per cent at $105.30 in late morning trading on the Toronto Stock Exchange. Cogeco says it... Read More

CREA reports December home sales up 22.7 per cent compared with year ago

CREA reports December home sales up 22.7 per cent compared with year ago
OTTAWA — The Canadian Real Estate Association says home sales in December were up 22.7 per cent compared with a year ago when sales were relatively quiet. The association says sales in the final month of 2019 were up compared with a year ago earlier across most of Canada, including all of the largest urban markets. On a month-over-month basis,... Read More