Independent theatres accuse Cineplex of anti-competitive behaviour

Independent theatres accuse Cineplex of anti-competitive behaviour
TORONTO — Independent cinemas across Canada say they are being kept from screening top films like “Parasite” and “Hustlers” as they’re released — and they claim theatre giant Cineplex Inc. is to blame. In a petition signed by over 8,000 people, indie cinemas are accusing Cineplex of engaging in anti-competitive behaviour by blocking their ability to screen films at the same time as the Toronto-based theatre giant.... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (17,944.06, up 18.70 points.) Manulife Financial Corp. (TSX:MFC). Financials. Up 26 cents, or 0.99 per cent, to $26.59 on 10.9 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down six cents, or 4.11 per cent, to $1.40 on 9.9 million shares. Suncor Energy Inc. (TSX:SU). Energy. Up 14 cents, or 0.35... Read More

TSX up slightly and U.S. markets fall on new coronavirus concerns

TSX up slightly and U.S. markets fall on new coronavirus concerns
TORONTO — Canada’s main stock index inched slightly higher while U.S. markets retreated from record highs on new concerns about the economic impact from the coronavirus. The S&P/TSX composite index closed up 18.70 points at 17,944.06. In New York, the Dow Jones industrial average was down 128.05 points at 29,219.98. The S&P 500 index was down 12.92 points at 3,373.23, while the Nasdaq... Read More

A diminished Victoria’s Secret sold as women look elsewhere

A diminished Victoria’s Secret sold as women look elsewhere
NEW YORK — Victoria’s Secret, which once defined sexy with its leggy supermodels prancing around in their bras and oversized angel wings, is being sold as women increasingly look for styles that more realistically fit their body types. The company’s owner, L Brands, said that the private-equity firm Sycamore Partners will buy 55% of Victoria’s Secret for about $525 million.... Read More

Domino’s Pizza delivers better-than-expected fourth quarter

Domino’s Pizza delivers better-than-expected fourth quarter
ANN ARBOR, Mich. — Domino’s Pizza said strong carryout sales helped it achieve better-than-expected results in the fourth quarter despite increasing competition from food delivery companies like DoorDash. The Ann Arbor, Michigan-based company — which has 17,000 stores worldwide — said Thursday that its fourth-quarter earnings rose 16% to $129.3 million. Adjusted for one-time items, the company earned $3.13 per... Read More

Telus CEO says $1 billion of spending, 5,000 jobs at risk if CRTC pushes MVNOs

Telus CEO says $1 billion of spending, 5,000 jobs at risk if CRTC pushes MVNOs
GATINEAU, Que. — The CEO of Telus Corp. says it could cut about $1 billion of spending and 5,000 jobs over the next five years if the CRTC mandates Canada’s wireless companies to open their facilities to virtual network operators. Telus chief executive Darren Entwistle revealed those estimates in the final minutes of nearly four hours of public hearings before the Canadian Radio-television and Telecommunications Commission in... Read More

Energy and financials help push TSX higher, loonie down against U.S. dollar

Energy and financials help push TSX higher, loonie down against U.S. dollar
TORONTO — Canada’s main stock index edged higher into record high territory in late-morning trading, boosted by gains in the energy and financial sectors. The S&P/TSX composite index was up 10.15 points at 17,935.51. In New York, the Dow Jones industrial average was down 141.58 points at 29,206.45. The S&P 500 index was down 12.25 points at 3,373.90, while the... Read More

OSC seeking changes to rules for deferred sales charges on mutual funds

OSC seeking changes to rules for deferred sales charges on mutual funds
TORONTO — The Ontario Securities Commission is proposing to restrict the use of deferred sales charges in the sale of mutual funds as every other jurisdiction across the country moves to ban them. The provincial regulator wants to limit the circumstances in which mutual funds with the DSC option may be sold and give clients greater flexibility to redeem their investments without... Read More

New Caisse CEO stresses caution after 10-year bull market and soft 2019 returns

New Caisse CEO stresses caution after 10-year bull market and soft 2019 returns
MONTREAL — The Caisse de depot et placement du Quebec says it missed its benchmark portfolio last year due to lacklustre performance of real estate and infrastructure assets and a focus on long-term stability, even as enjoyed its strongest return on investment in five years. The Quebec pension fund manager generated a 10.4 per cent annual return on investments in 2019, or... Read More

CMHC says housing vulnerability moderate, downgrades risk in Prairie cities to low

CMHC says housing vulnerability moderate, downgrades risk in Prairie cities to low
OTTAWA — Canada Mortgage and Housing Corp. says it has downgraded the vulnerability of several cities in the Prairies while overall Canada’s housing market remains moderately vulnerable. The federal housing agency’s quarterly assessment leaves Victoria as the only market with an overall high degree of vulnerability. It says Toronto and Hamilton are seeing overheating and price acceleration, but that overvaluation seems... Read More