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 (17,599.86, up 27.58 points). Bombardier Inc. (TSX:BBD.B). Industrials. Down one cent, or 0.78 per cent, to $1.28 on 19.9 million shares. Encana Corp. (TSX:ECA). Energy. Unchanged at $5.19 on 9.75 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up eight cents, or 3.08 per cent, to $2.68 on 7.5 million shares. Aphria... Read More

Scotiabank chief economist doubtful on recession, expects interest rate cut

Scotiabank chief economist doubtful on recession, expects interest rate cut
TORONTO — The Bank of Nova Scotia’s senior vice president and chief economist isn’t fretting over a potential recession because he believes predictions that one will hit Canada are “exaggerated.” “We don’t think a recession is likely whether that’s in the U.S., whether it’s in Canada …” said Jean Francois Perrault at the bank’s investor day in Santiago, Chile on Wednesday. “We think Canadian fundamentals remain pretty... Read More

Subscribe Technologies Scales VPN Business

Subscribe Technologies Scales VPN Business
Subscribe Technologies Inc. reports that its VPN (Virtual-Private-Network) businesses GamerVPN and BladeVPN, have shown tremendous opportunity for user adoption and revenue growth in 2020. News Release Highlights New VPN service for inexperienced users in development targeting global market North American VPN adoption underway Unprecedented growth of VPN use in emerging markets New marketing techniques... Read More

UN experts: Jeff Bezos phone hack shows link to Saudi prince

UN experts: Jeff Bezos phone hack shows link to Saudi prince
DUBAI, United Arab Emirates — The phone of Amazon founder and Washington Post owner Jeff Bezos was hacked after receiving a file sent from an account used by Saudi Crown Prince Mohammed bin Salman, United Nations experts said Wednesday. The two experts called for an “immediate investigation” by the United States into information that suggests that Bezos’ phone was likely... Read More

TSX resumes record climb, loonie falls after Bank of Canada economic forecast

TSX resumes record climb, loonie falls after Bank of Canada economic forecast
TORONTO — Canada’s main stock index resumed its climb to record highs on a broad-based rally while the loonie lost value after the Bank of Canada forecast a slower start for the economy in 2020. The S&P/TSX composite index was up 48.89 points at 17,621.17 in late-morning trading. In New York, the Dow Jones industrial average was up 51.78 points at... Read More

Bank of Canada to make interest rate announcement and update economic outlook

Bank of Canada to make interest rate announcement and update economic outlook
OTTAWA — The Bank of Canada is expected to make its latest interest rate announcement this morning and update its economic outlook. Economists widely expect the central bank will leave its key interest rate target on hold at 1.75 per cent. However, there is a difference in opinion in what they expect the Bank of Canada will do later this... Read More

Starbucks aims to become resource-positive company, but lacks target date

Starbucks aims to become resource-positive company, but lacks target date
An ambitious goal for Starbucks to become a resource-positive company depends on changing consumer behaviour, which experts say is possible with the right incentives. The Seattle-based coffee chain says it will work towards storing more carbon than it emits, eliminating waste and providing more clean freshwater than it uses. Starbucks committed to three preliminary targets for 2030, including cutting carbon... Read More

Rogers Communications Q4 profit down 7 per cent at $468 million, revenue stable

Rogers Communications Q4 profit down 7 per cent at $468 million, revenue stable
TORONTO — Rogers Communications Inc. reports it had a $468-million profit in the fourth quarter, down seven per cent from a year earlier and below analyst estimates. Net income for the Toronto-based company amounted to 92 cents per share, down from 97 cents per share or $502 million in the fourth quarter of 2018. Adjusted diluted earnings amounted to $1 per... Read More