Supreme Court dismisses B.C.’s appeal in Trans Mountain pipeline case

Supreme Court dismisses B.C.’s appeal in Trans Mountain pipeline case
OTTAWA — The Supreme Court of Canada shut down British Columbia’s move to regulate what can flow through an expanded Trans Mountain pipeline from Alberta. B.C. was appealing to the country’s highest court after the B.C. Court of Appeal ruled last May that the province couldn’t impose any restrictions on the contents on the Trans Mountain pipeline expansion. On Thursday, the Supreme Court agreed.... Read More

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 (17,484.77, up 69.60 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down 57 cents, or 31.84 per cent, to $1.22 on 60.3 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 10 cents, or 3.72 per cent, to $2.79 on 19.2 million shares. Hexo Corp. (TSX:HEXO). Health care. Down 10... Read More

CSA issues guidance on when crypto trades may be outside securities laws

CSA issues guidance on when crypto trades may be outside securities laws
MONTREAL — Securities regulators in Canada have issued clarification around when a cryptocurrency trade may fall outside of securities laws as part of an evolving understanding of how rules apply to the relatively new asset class. The Canadian Securities Administrators, which represents provincial regulators, says that in some cases crypto assets are clearly securities and so fall under such laws, but that there are cases where they... Read More

Sorting accumulated investment clutter key to worry-free retirement plan

Sorting accumulated investment clutter key to worry-free retirement plan
CALGARY — A long life of assorted jobs, good times, hard times, moves and mistakes can result in an investment portfolio that looks like a jumbled basement storage closet. Your working life goal of accumulating as many assets as possible to build a nest egg for retirement ends along with your employment income when retirement day arrives at last. Now, investment experts say, de-cluttering those tangled stocks, bonds,... Read More

Auto parts firm Magna International expects 2020 sales to be down from 2019

Auto parts firm Magna International expects 2020 sales to be down from 2019
AURORA, Ont. — Magna International Inc. says it expects sales in 2020 to fall compared with 2019 due to a stronger U.S. dollar, the sale of its fluid pressure and controls business and lower expected light vehicle production in Europe. The auto parts company also says it has decided to conclude its self-driving technology partnership with Lyft as part of a... Read More

Canada’s main stock index in record territory, U.S. stock markets also gain

Canada’s main stock index in record territory, U.S. stock markets also gain
TORONTO — Canada’s main stock index continued to march higher into record territory as the key energy and financial sectors helped it gain ground. The S&P/TSX composite index was up 54.84 points at 17,470.01 after trading as high as 17,480.18. In New York, the Dow Jones industrial average was up 159.03 points at 29,189.25. The S&P 500 index was up... Read More

Preliminary results show Barrick produced 5.5 million ounces of gold last year

Preliminary results show Barrick produced 5.5 million ounces of gold last year
TORONTO — Barrick Gold Corp. says its gold production for 2019 is expected to come in near the top end of its guidance, while copper production is forecast to be more than its earlier expectations. The gold miner says preliminary results indicate it produced 5.5 million ounces of gold last year compared with its guidance for between 5.1 million and 5.6 million ounces.... Read More

Retailer Canadian Tire names Gregory Craig as new chief financial officer

Retailer Canadian Tire names Gregory Craig as new chief financial officer
TORONTO — Canadian Tire Corp. Ltd. is promoting Gregory Craig to the job of chief financial officer, replacing Dean McCann, who is retiring. Craig is president of Canadian Tire Financial Services and president and chief executive of Canadian Tire Bank. He takes over the new job on March 2. McCann will continue as a director of Canadian Tire Bank and a trustee... Read More