Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (17,565.34, down 56.44 points.) Encana Corp. (TSX:ECA). Energy. Down 23 cents, or 4.43 per cent, to $4.96 on 16 million shares. Aphria Inc. (TSX:APHA). Health care. Down 65 cents, or 8.58 per cent, to $6.93 on 8.5 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down one cent,... Read More

BDO Canada pays $4 million penalty, costs for audit failures in two funds: OSC

BDO Canada pays $4 million penalty, costs for audit failures in two funds: OSC
TORONTO — The Ontario Securities Commission says BDO Canada LLP paid $4 million after admitting it failed to comply with generally accepted auditing standards in the audits of the 2014 and 2015 financial statements of two privately offered investment funds. The payments include a $3.5 million administrative penalty and $500,000 towards the costs of the regulator’s investigation. The OSC says... Read More

U.S. confirms that fabricated steel from Canada dumped but not subsidized

U.S. confirms that fabricated steel from Canada dumped but not subsidized
WASHINGTON, Wash. — The United States Department of Commerce says its final determination has confirmed that fabricated structural steel imports from Canada was dumped into the country but wasn’t subsidized. The decision found subsidies on these products were de minimis and no countervailing duties will be collected as the investigation is ended. However, it did confirm that Canadian producers and exporters sold the... Read More

Canada slips in global corruption ranking in aftermath of SNC-Lavalin scandal

Canada slips in global corruption ranking in aftermath of SNC-Lavalin scandal
MONTREAL — Canada has slipped in the annual Transparency International ranking of countries considered among the least corrupt, in light of the SNC-Lavalin controversy. According to the Berlin-based organization’s most recent corruption perception index, Canada now ranks 12th on the list of 180 countries assessed, behind Germany, the Netherlands and Norway. This is a decrease of three places compared to... Read More

Barrick signs agreement with Tanzanian government that ends tax dispute

Barrick signs agreement with Tanzanian government that ends tax dispute
TORONTO — Barrick Gold Corp. has signed an agreement with the Tanzanian government to formalize a joint venture relating to three mines that ends a long-running tax dispute with the African country. The Toronto-based gold miner signed the deal with United Republic of Tanzania President John Pombe Magufuli that will give the government “full visibility of and participation in operating... Read More

Air Canada international flights delayed due to network issue, problem fixed

Air Canada international flights delayed due to network issue, problem fixed
MONTREAL — Air Canada says there were some delays last night and early this morning for its international flights. The airline says the delays were due to a server issue affecting its network. The problem forced it to use alternate check-in and boarding processes. However, Air Canada says the problem has been fixed and it anticipates normal operations today. It apologized... Read More

Cannabis firm Aphria signs deal for $100M investment from institutional investor

Cannabis firm Aphria signs deal for $100M investment from institutional investor
LEAMINGTON, Ont. — Aphria Inc. says it has signed a deal with an institutional investor who has agreed to invest $100 million in the cannabis company. The company did not identify the investor, who will acquire roughly 14 million units of the company at a price of $7.12 per unit. Each unit will include one Aphria share and one-half of... Read More

Grounded Boeing jet holds back profits, growth at airlines

Grounded Boeing jet holds back profits, growth at airlines
DALLAS — The three big U.S. airlines that own Boeing 737 Max jets don’t expect the grounded plane back in their fleets until after the the peak summer travel season, and that promises to lead to thousands more cancelled flights and higher costs well into another year. On Thursday, American Airlines executives said they cancelled 10,000 flights in the fourth... Read More