Tesla stock is soaring. Madness or visionary investing?

Tesla stock is soaring. Madness or visionary investing?
DETROIT — Eight months after it seemed headed for the corporate junkyard, Tesla is now worth more than General Motors, Ford and Fiat Chrysler combined, even though the Big Three together sell more cars and trucks in two weeks than Tesla does in a whole year. In a reversal of fortune analysts find amazing if not nutty, the stock of... Read More

Hyundai halts Korea output as China outbreak fallout spreads

Hyundai halts Korea output as China outbreak fallout spreads
WASHINGTON — Hyundai Motors is suspending production in South Korea, a sign that the economic fallout from China’s viral outbreak is spreading. For other companies bracing for losses from coronavirus, the damage has so far been delayed, thanks to a stroke of timing: The outbreak hit just when Chinese factories and many businesses were closed anyway to let workers travel... Read More

Disney Plus streamer hits nearly 29M subscribers in 3 months

Disney Plus streamer hits nearly 29M subscribers in 3 months
NEW YORK — Disney said its Disney Plus streaming service reached nearly 29 million paid subscribers in less than three months, an impressive start for what the company has positioned as its future as more people drop cable subscriptions. But as expected, starting up a new service comes with huge expenses, contributing to a 23% profit decline for the company... Read More

Tilray to lay off 10 per cent of staff to help company better achieve profitability

Tilray to lay off 10 per cent of staff to help company better achieve profitability
TORONTO — Tilray Inc. is laying off 10 per cent of its workforce in an effort to cut costs. The Canadian cannabis company’s chief executive officer Brendan Kennedy says in a statement to The Canadian Press that the layoffs will help Tilray better position itself to achieve profitability. By reducing headcount and costs, Kennedy says Tilray will be more likely to meet the needs... Read More

North American stock markets surge on liquidity injection from central banks

North American stock markets surge on liquidity injection from central banks
TORONTO — North American stock markets surged for the first time since the start of the coronavirus following hefty liquidity injections from the world’s largest central banks. The S&P/TSX composite index closed up 132.97 points at 17,512.73 after hitting an intraday high of 17,548.80. Investors realize that the coronavirus risks haven’t quite peaked, said Craig Jerusalim, portfolio manager at CIBC Asset Management. “But investors... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (17,512.73, up 132.97 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up 23 cents, or 17.69 per cent, to $1.53 on 35.2 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 17 cents, or 6.39 per cent, to $2.83 on 8 million shares. Enbridge Inc. (TSX:ENB). Energy. Up... Read More

Vancouver-area home sales rebound from last year as prices inch downward

Vancouver-area home sales rebound from last year as prices inch downward
VANCOUVER — Sales remained steady while fewer people put their homes on the real estate market in Metro Vancouver last month. The Real Estate Board of Greater Vancouver reports residential home sales in January were 7.3 per cent below the 10-year average but still more than 42 per cent higher than sales during January 2019. Board president Ashley Smith says 2020 began with... Read More

How to use running clubs, apps and discount gyms to get fit on the cheap

How to use running clubs, apps and discount gyms to get fit on the cheap
Heather Gardner’s 2009 move from Hamilton to Toronto came with a few adjustments — her workout routine among them. A longtime athlete, Gardner had gotten used to running with a group in Hamilton, which offered her a sense of community and a way to exercise for free. When she moved to Toronto, she started running on her own to stay active... Read More

TD Bank cuts posted mortgage rate to reflect lower rate environment

TD Bank cuts posted mortgage rate to reflect lower rate environment
TORONTO — TD Bank has lowered its posted five-year fixed-rate mortgage rate to narrow the gap between the benchmark and the special rates it offers customers. Banks maintain an official posted rate, but also offer lower rates either directly or through brokers and other channels that better reflect market conditions. TD cut its five-year posted rate for fixed-rate mortgages from 5.34... Read More

Stocks in Toronto up as heavyweight sectors lead the way, U.S. stocks also gain

Stocks in Toronto up as heavyweight sectors lead the way, U.S. stocks also gain
TORONTO — Canada’s main stock index headed higher, led by the financial, energy and industrial sectors, while U.S. stock markets also surged higher. The S&P/TSX composite index was up 140.47 points at 17,520.23. In New York, the Dow Jones industrial average was up 468.80 points at 28,868.61. The S&P 500 index was up 51.39 points at 3,300.31, while the Nasdaq... Read More