Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (17,562.74, down 280.79 points.) Acerus Pharmaceuticals Corp. (TSX:ASP). Health care. Up one cent, or 20 per cent, to six cents on 14.4 million shares. Cenovus Energy Inc. (TSX:CVE). Energy, Down 65 cents, or 5.44 per cent, to $11.30 on 13.55 million shares. Bombardier... Read More

Coalition tells CRTC more affordable wireless options are needed

Coalition tells CRTC more affordable wireless options are needed
GATINEAU, Que. — A coalition of groups representing consumers, low-income and Indigenous people in Manitoba says Canada’s telecom regulator needs to do something soon to make mobile wireless services more affordable. The Manitoba coalition says there is ample evidence that Canada’s mobile data prices have historically been high compared with what’s available in other countries and they only become less expensive when competition increases.... Read More

Virus outbreak chills markets, outlook for global economy

Virus outbreak chills markets, outlook for global economy
FRANKFURT — The widening coronavirus outbreak threatens to seriously disrupt the global economy, just as it was steadying itself against headwinds from the U.S.-China trade dispute. Amid concerns that global output could decline for the first time since the global financial crisis a little more than a decade ago, stock markets sank Monday. In one sign of how sentiment has... Read More

Teck CEO says Frontier withdrawal a result of tensions over climate, reconciliation

Teck CEO says Frontier withdrawal a result of tensions over climate, reconciliation
VANCOUVER — Tensions over Indigenous rights, climate change and resource development that have escalated recently with the rail blockades helped push Teck Resources Ltd. to shelve its massive oilsands project, company CEO Don Lindsay said Monday. “Literally over the past few days, it has become increasingly clear that there is no constructive path forward,” he said, speaking at a mining conference in Florida about the... Read More

Air Canada signs two Quebec aircraft maintenance deals, subject to Transat deal

Air Canada signs two Quebec aircraft maintenance deals, subject to Transat deal
MONTREAL — Air Canada has signed two agreements for airframe maintenance in Quebec, subject to its takeover of Transat AT. The airline and AAR have signed a letter of intent for a 10-year renewable agreement for airframe maintenance of both Air Canada’s and Air Transat’s fleet of Airbus A330 and A320 family of aircraft in Trois-Rivieres, Que. AAR plans to... Read More

Teck Resources shares down after company pulls Frontier oilsands project

Teck Resources shares down after company pulls Frontier oilsands project
VANCOUVER — Shares in Teck Resources Ltd. are trading down four per cent after the company said it had withdrawn its application for a massive oilsands mining project citing uncertainty over climate policies. The Vancouver-based company said it will take a $1.13-billion writedown on the Frontier project in Alberta, which was expected to create thousands of jobs but was also produce about four million... Read More

MTY Food Group reports Q4 profit up from year ago, says allegations baseless

MTY Food Group reports Q4 profit up from year ago, says allegations baseless
MONTREAL — MTY Food Group Inc. reported a fourth-quarter profit of $20.7 million, up from $13.2 million in the same quarter a year earlier, as it said allegations by an employee that had delayed the release of its quarterly results are baseless. The company says it cannot give details regarding the allegations, but that after taking the additional time to... Read More

CRA puts focus on paper returns as tax-filing season opens

CRA puts focus on paper returns as tax-filing season opens
OTTAWA — The Canada Revenue Agency is sending an unlikely message to kick off tax season: Paper-filers, we have not forgotten you. Despite a years-long push to have more people file taxes online because it’s generally faster and easier, many Canadians still prefer putting pen, or pencil, to paper. The people who prefer paper to online are getting particular attention because... Read More