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 (17,848.36, up 27.19 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 1.2 per cent, to $1.65 on 17.7 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 10 cents, or 5.1 per cent, to $2.06 on 11.3 million shares. Enbridge Inc. (TSX:ENB). Energy. Up 28 cents,... Read More

North American markets flat to end second-consecutive positive week since virus

North American markets flat to end second-consecutive positive week since virus
TORONTO — North American stock markets were relatively flat to end a second consecutive positive week since being hammered by concerns about the impact of the novel coronavirus. The S&P/TSX composite index closed up 27.19 points at 17,848.36, less than 25 points off its record high set Wednesday. In New York, the Dow Jones industrial average lost 25.23 points at 29,398.08. The... Read More

Auditor general to scrutinize government’s $187B infrastructure program

Auditor general to scrutinize government’s $187B  infrastructure program
OTTAWA — The Trudeau government’s massive $187-billion infrastructure program will be scrutinized by the office of the auditor general of Canada. Interim auditor general Sylvain Ricard says his office will endeavour to complete its investigation and report to Parliament no later than next January — as requested in a Conservative motion passed by the House of Commons late last month. The government... Read More

MTY Food Group delays Q4 results after alleged whistleblower complaint

MTY Food Group delays Q4 results after alleged whistleblower complaint
MONTREAL — Quebec-based fast food restaurant chain MTY Food Group Inc. is delaying the release of its quarterly results citing allegations made by a whistleblower employee. The owner of brands such as Thai Express, Tiki-Ming, Tutti Frutti and Valentine saw its shares lose $4.66 or 7.8 per cent at $55.07 in early afternoon trading on the Toronto Stock Exchange. The... Read More

CREA reports home sales up 11.5 per cent compared with a year earlier

CREA reports home sales up 11.5 per cent compared with a year earlier
OTTAWA — The Canadian Real Estate Association says home sales rose 11.5 per cent in January compared with a year earlier to reach the highest sales figures for the month in 12 years, even as new listings remain constrained. The association says seasonally-adjusted sales fell 2.9 per cent in January from a month earlier, dragged down by a roughly 18 per cent drop... Read More

TSX inches higher despite losses for key energy and materials sectors

TSX inches higher despite losses for key energy and materials sectors
TORONTO — Canada’s main stock index resumed its upward trend in late morning trading despite decreases in the key energy and materials sectors. The S&P/TSX composite index was up 26.63 points at 17,847.80. In New York, the Dow Jones industrial average lost 7.06 points at 29,416.25. The S&P 500 index was up 5.43 points at 3,379.37, while the Nasdaq composite... Read More

Enbridge quarter and full year earnings up on higher activity, new infrastructure

Enbridge quarter and full year earnings up on higher activity, new infrastructure
CALGARY — Enbridge Inc. says earnings rose in the fourth quarter and last year as a whole on higher asset use and contributions from infrastructure put in place in late 2018 and through last year. The pipeline-focused energy giant says it had adjusted earnings of $1.23 billion, or 61 cents per share for the quarter ending Dec. 31, compared with $1.17... Read More

Canopy Rivers swings to loss, withdraws guidance on industry headwinds

Canopy Rivers swings to loss, withdraws guidance on industry headwinds
TORONTO — Canopy Rivers Inc. says it swung to a loss in its third quarter of 2020 and has withdrawn its full-year guidance over multiple headwinds in the cannabis industry. The venture capital arm of Canopy Growth says it had a net loss of $10.1 million, or five cents per share, for the three months ending Dec. 31, compared with a net income... Read More

CannTrust names new CEO as it works to restore licences lost from non-compliance

CannTrust names new CEO as it works to restore licences lost from non-compliance
VAUGHAN, Ont. — CannTrust Holdings Inc. says it has appointed its chief financial officer, Greg Guyatt, to be its CEO as the company works to come back from the fallout of its operation of unlicensed grow rooms. The Vaughan, Ont.-based cannabis company fired previous chief executive officer Peter Aceto last July following its internal investigation into the company’s non-compliance with Health Canada regulations.... Read More

CPP Investment Board posts 3.6 per cent rate of return for its third quarter

CPP Investment Board posts 3.6 per cent rate of return for its third quarter
TORONTO — The Canada Pension Plan Investment Board says it earned a return of 3.6 per cent during its most recent quarter, after expenses. Net assets for the Toronto-based fund manager grew to $420.4 billion as of Dec. 31, up from $409.5 billion at the end of the previous quarter. The $10.9 billion quarter-to-quarter increase included $14.5 billion in net income from investments, after all CPPIB costs,... Read More