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 (17,597.39, up 38.37 points). Bombardier Inc. (TSX:BBD.B). Industrials. Up 10 cents, or 8.93 per cent, to $1.22 on 17.4 million shares. Encana Corp. (TSX:ECA). Energy. Down 14 cents, or 2.63 per cent, to $5.19 on 6.1 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down two... Read More

MEC cuts costs, boosts perks in effort to turn around struggling retailer

MEC cuts costs, boosts perks in effort to turn around struggling retailer
VANCOUVER — Mountain Equipment Co-op says it has made major changes, including looking to move its head office, as it seeks to become profitable and stay viable. The Vancouver-based company’s chief executive says in an open letter that the goal is to return MEC “to a financially healthy state.” The outdoor apparel and goods retailer reported a net loss of $11.49... Read More

TSX rises to new records on momentum with no direction from closed U.S. markets

TSX rises to new records on momentum with no direction from closed U.S. markets
TORONTO — Canada’s main stock index pushed deeper into record territory on momentum despite the lack of direction from U.S. markets. U.S. stock markets are closed due to the Martin Luther King Jr. holiday. “Overall, things are good,” said Colin Cieszynski, chief market strategist at SIA Wealth Management. “It’s not uncommon for Canada to be neutral or slightly positive on a... Read More

TekSavvy launches ad campaign in latest battle with big phone, cable companies

TekSavvy launches ad campaign in latest battle with big phone, cable companies
TORONTO — TekSavvy Solutions Inc. has launched an advertising campaign seeking public support in a politically charged battle that Canada’s independent internet services providers are waging with the big phone and cable companies. Ontario-based TekSavvy is Canada’s biggest independent internet service provider, but it’s small in comparison to the internet-arms of Canada’s major phone and cable companies. The big telecom companies asked the federal cabinet in November to overrule... Read More

Quebec investor group buying Canam Group’s Canadian operations and other assets

Quebec investor group buying Canam Group’s Canadian operations and other assets
ST-GEORGES, Que. — A group of Quebec investors has signed a deal to buy the Canadian operations of the Canam Group architectural steel company, as well as certain assets in the United States and overseas, from the American Industrial Partners equity firm. The transaction, which is expected to close in the coming weeks, will total more than $840 million. Under the terms... Read More

IMF: Low rates and reduced trade tension to aid world growth

IMF: Low rates and reduced trade tension to aid world growth
WASHINGTON — Low interest rates and reduced trade tensions will likely buoy the global economy over the next two years and help nurture steady if modest growth. That’s the view of the International Monetary Fund, which foresees world economic growth accelerating from 2.9 per cent last year to 3.3 per cent in 2020 and 3.4 per cent in 2021. The international economy is... Read More

Materials sector helps lift stocks in Toronto, loonie edges up against U.S.

Materials sector helps lift stocks in Toronto, loonie edges up against U.S.
TORONTO — The materials sector helped Canada’s main stock index march higher into record territory in late-morning trading. The S&P/TSX composite index was up 39.42 points at 17,598.44 U.S. stock markets are closed due to the Martin Luther King Jr. holiday. The Canadian dollar traded for 76.58 cents US compared with an average of 76.56 cents US on Friday. The... Read More

Oil and gas industry needs to do more to address climate change, IEA report says

Oil and gas industry needs to do more to address climate change, IEA report says
CALGARY — A report by the International Energy Agency says the oil and gas industry needs to increase its efforts to address climate change. The report says failure by the industry to respond to the growing calls to reduce greenhouse gas emissions could threaten its long-term social acceptability and profitability. Some companies have taken steps to address climate change, but... Read More