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 (17,777.11, up 36.54 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down eight cents, or 5.33 per cent, to $1.42 on 11.4 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Up 34 cents, or 1.28 per cent, to $26.90 on 11 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down three cents, or 1.44 per... Read More

Kitimat LNG partner takes $720-million writedown of project and gas fields

Kitimat LNG partner takes $720-million writedown of project and gas fields
CALGARY — A partner in the proposed Kitimat LNG project on the B.C. coast warns that it will record a $720-million after-tax writedown on its investments in Western Canada. Australia-based Woodside Petroleum Ltd. says the charge against 2019 earnings reflects uncertainty in timing of when it will be able to develop its natural gas fields in northern B.C. to feed the planned liquefied natural... Read More

More than half of Canadians fear not having enough for retirement, says poll

More than half of Canadians fear not having enough for retirement, says poll
TORONTO — A Scotiabank retirement survey says more than half of respondents are concerned that financial pressure will force them to re-enter the workplace after they retire. The poll found that the average Canadian respondent expects to retire at 64 years old, while six per cent don’t plan to ever retire. Fear about losing their financial independence is the worry for 59 per cent... Read More

Financials help lift S&P/TSX composite, loonie gains ground against U.S. dollar

Financials help lift S&P/TSX composite, loonie gains ground against U.S. dollar
TORONTO — The financial sector helped lead a broad-based rally as Canada’s main stock index pushed into record territory. The S&P/TSX composite index was up 75.42 points at 17,815.99. In New York, the Dow Jones industrial average was up 46.33 points at 29,323.15. The S&P 500 index was up 18.03 points at 3,370.12, while the Nasdaq composite was up 79.46... Read More

Power Financial Corp. shareholders vote to approve reorganization plan

Power Financial Corp.  shareholders vote to approve reorganization plan
MONTREAL — Shareholders of Power Financial Corp. have approved a reorganization of the company that will see it folded into Power Corp. of Canada, eliminating a dual-holding company structure. Under the plan, each share of Power Financial other than those held by Power Corp. and its wholly owned subsidiaries will be exchanged for 1.05 subordinate voting shares of Power Corp.... Read More

How to save money by planning and prepping your meals in advance

How to save money by planning and prepping your meals in advance
Since getting engaged in December 2019, Julia Gifford has had to tighten her belt. The co-founder of content marketing startup True Six Co. is currently planning her summer 2021 wedding — a tremendous expense that’s forced her to pare back her spending in order to reallocate money to her bridal fund. Overzealous eating out was one of the first costs she... Read More

China still mostly closed down as virus deaths pass 1,000

China still mostly closed down as virus deaths pass 1,000
BEIJING — China remained mostly closed for business Tuesday, as the daily death toll from a new virus topped 100 for the first time, pushing the total above 1,000. Despite the official end of the extended Lunar New Year holiday, many remained at home on Tuesday with around 60 million people under virtual quarantine. Authorities in Hong Kong evacuated people... Read More

Powell: Economy looks resilient despite risk of China virus

Powell: Economy looks resilient despite risk of China virus
WASHINGTON — Federal Reserve Chairman Jerome Powell says the U.S. economy appears durable with steady growth and unemployment near a half-century low but faces risks from the broadening viral outbreak that began in China. Giving the Fed’s semiannual monetary report to Congress, Powell said Tuesday that the Fed is content with where interest rates are, suggesting that no further rate... Read More