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 (17,318.49, down 172.07 points.) Baytex Energy Corp. (TSX:BTE). Energy. Down eight cents, or 5.26 per cent, to $1.44 on 34.55 million shares. Kirkland Lake Gold Ltd. (TSX:KL). Materials. Up $1.23, or 2.32 per cent, to $54.27 on 9.5 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down one... Read More

Facebook fights spread of misinformation about virus online

Facebook fights spread of misinformation about virus online
Facebook says it’s working to limit the spread of misinformation and potentially harmful content about the coronavirus as bogus claims about the ongoing outbreak circulate online. Kang-Xing Jin, Facebook’s head of health, announced that the social media platform will begin removing posts that include false claims or conspiracy theories about the virus that have been flagged by health authorities. The... Read More

Canada’s internet code of conduct goes into effect for 10 big service providers

Canada’s internet code of conduct goes into effect for 10 big service providers
TORONTO — Canada’s 10 largest internet service providers will be required to make their contract terms and pricing easier to understand under a new mandatory code of behaviour that went into effect Friday. The big ISPs account for more than 85 per cent of Canada’s home internet service subscriptions, according to the Canadian Radio-television and Telecommunications Commission. The rest of... Read More

Tim Hortons seeks to reclaim Canadian brand identity amid lukewarm sales

Tim Hortons seeks to reclaim Canadian brand identity amid lukewarm sales
Tim Hortons franchisees gathered in Calgary earlier this week and erupted into applause after corporate executives promised to help reframe the public’s understanding that the chain is a Canadian company. Executives travelling the country to discuss its strategy for the new year have promised franchisees a directional shift that will see the chain reclaim its Canadian, coffee and doughnut roots, following years of sluggish... Read More

Imperial Oil reports $271M fourth-quarter profit, down from $853M a year ago

Imperial Oil reports $271M fourth-quarter profit, down from $853M a year ago
CALGARY — Imperial Oil Ltd. reported a fourth-quarter profit of $271 million, down from $853 million in the same quarter last year. The company says the profit amounted to 36 cents per diluted share for the quarter ended Dec. 31, compared with a profit of $1.08 per diluted share a year earlier. Revenue and other income totalled $8.16 billion for... Read More

HBC board unanimously backs Baker offer in amended and stated circular

HBC board unanimously backs Baker offer in amended and stated circular
TORONTO — The board of directors of Hudson’s Bay Co. has unanimously recommended shareholders support a sweetened offer to take the retailer private. The recommendation is included in the company’s amended and restated management information circular. The board support follows the endorsement of the buyout plan by a special committee of the board earlier this year. HBC announced Jan. 3... Read More

North American stock markets fall in late-morning trading, loonie down

North American stock markets fall in late-morning trading, loonie down
TORONTO — Canada’s main stock index posted a triple-digit decline in late-morning trading as the heavyweight financial, energy and industrial sectors moved lower. The S&P/TSX composite index was down 150.03 points at 17,340.53. In New York, the Dow Jones industrial average was down 422.89 points at 28,436.55. The S&P 500 index was down 42.00 points at 3,241.66, while the Nasdaq... Read More

Quebec billionaire Lawrence Stroll acquires stake in Aston Martin

Quebec billionaire Lawrence Stroll acquires stake in Aston Martin
A consortium that includes Quebec billionaires Lawrence Stroll and Andre Desmarais is taking a significant stake in British car manufacturer Aston Martin — a move expected to have repercussions in the Formula One world. Under an agreement announced Friday, the group led by Stroll will inject $316 million to acquire a 16.7 per cent stake — which could climb to 20 per cent — in the struggling company... Read More

Super Bowl ads serve up politics – and an escape from it

Super Bowl ads serve up politics – and an escape from it
NEW YORK — Americans weary of a seemingly endless barrage of political news may be looking for a respite as they settle in to watch the Kansas City Chiefs face off against the San Francisco 49ers in the Super Bowl on Sunday. They won’t get it, although the real-world interruption should at least be brief. For what may be the... Read More