Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (17,041.92, down 135.45 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 1.67 per cent, to $1.18 on 22.4 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Down seven cents, or 0.3 per cent, to $23.39 on 11.7 million shares. Enbridge Inc. (TSX:ENB). Energy. Down 85 cents, or 1.6 per... Read More

Rogers chief executive asks CRTC not to change rules for wireless industry

Rogers chief executive asks CRTC not to change rules for wireless industry
GATINEAU, Que. — Canada’s wireless industry has not fully matured and still needs “careful nourishing” as it invests in fifth-generation networks, Rogers chief executive Joe Natale told a regulatory hearing Wednesday. Natale said the future of Canada’s wireless network capability is at stake, and said the construction of 5G networks is an act of “nation building” comparable to the arrival of railroads in the... Read More

Lowe’s disappoints on 4Q sales, full-year outlook

Lowe’s disappoints on 4Q sales, full-year outlook
NEW YORK — Lowe’s Cos. delivered weaker-than-expected sales for its fiscal fourth quarter and offered an annual forecast that came below Wall Street expectations. The report, issued Wednesday, sent shares down in midday trading while the broader markets rose. The announcement comes a day after strong results from rival Home Depot, which reported better-than-expected quarterly profits and sales. It also... Read More

Desjardins Group says 2019 theft of 4.2 million members’ data cost $108 million

Desjardins Group says 2019 theft of 4.2 million members’ data cost $108 million
MONTREAL — The Desjardins Group says last year’s theft of the personal data of its 4.2 million members ultimately cost the co-operative $108 million. The Quebec-based financial institution initially estimated the cost of a malicious employee’s breach — which also affected 1.8 million credit card holders — at $70 million. Chief executive Guy Cormier says the impact is less than one per cent... Read More

GMP Capital consolidating ownership of Richardson GMP in all-stock deal

GMP Capital consolidating ownership of Richardson GMP in all-stock deal
TORONTO — GMP Capital Inc. has signed an agreement to acquire the stake in investment manager Richardson GMP Ltd. that it doesn’t already own in an all-stock deal. The company, which sold the bulk of its capital markets business to Stifel Financial Corp. in a deal worth roughly $70 million last year, said Wednesday the move is the next step in... Read More

North American stock markets reverse some of the losses seen in recent days

North American stock markets reverse some of the losses seen in recent days
TORONTO — North American stock markets moved higher in late-morning trading, regaining some of the ground lost in recent days as investors sold off stocks amid concerns about the impact of the novel coronavirus outbreak. The S&P/TSX composite index was up 84.39 points at 17,261.76. In New York, the Dow Jones industrial average was up 360.29 points at 27,441.65. The... Read More

Torstar Corp. reports fourth-quarter profit, boosted by one-time gains

Torstar Corp. reports fourth-quarter profit, boosted by one-time gains
TORONTO — Torstar Corp. reported a profit in its fourth-quarter, boosted by one-time gains related to its pension plans and the sale of two real estate properties in Ontario. The publisher of the Toronto Star and other newspapers says its profit attributable to shareholders amounted to $14.1 million or 17 cents per share for the quarter ended Dec. 31. That... Read More

CIBC first-quarter profit beats expectations as company embarks on restructuring

CIBC first-quarter profit beats expectations as company embarks on restructuring
TORONTO — Canadian Imperial Bank of Commerce is in the midst of an overhaul involving job losses and a slew of new faces in top roles with a goal of simplifying the bank. CIBC chief executive Victor Dodig opened up about the changes Wednesday as the bank reported its latest results and named a handful of new senior executives including Shawn Beber as the... Read More

Great Atlantic Summarizes Diamond Drilling Results for Golden Promise Gold Property in Central Newfoundland

Great Atlantic Summarizes Diamond Drilling Results for Golden Promise Gold Property in Central Newfoundland
VANCOUVER, British Columbia – Great Atlantic Resources Corp. is pleased to summarize results for the 2019 Phase 1 diamond drilling program at its Golden Promise Gold Property, located within the central Newfoundland gold belt. The drilling program was conducted at the gold bearing Jaclyn Main Zone (JMZ), being part of the Jaclyn Zone. The JMZ is a gold bearing... Read More