Aecon raising dividend after record 2019 revenues despite weaker fourth quarter

Aecon raising dividend after record 2019 revenues despite weaker fourth quarter
TORONTO — Aecon Group Inc. is raising its quarterly dividend 10 per cent after reporting record revenues last year but weaker fourth-quarter results. The Toronto-based construction firm will pay 16 cents per share on April 2, up from 14.5 per cent previously. Aecon says it earned $20.2 million or 31 cents per diluted share for the three months ended Dec. 31, compared with... Read More

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 (16,423.62, down 129.64 points.) Suncor Energy Inc. (TSX:SU). Energy. Down $1.58, or 4.29 per cent, to $35.22 on 16.7 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down three cents, or 2.83 per cent, to $1.03 on 11.8 million shares. B2Gold Corp. (TSX:BTO). Materials. Up 45 cents, or 8.47 per cent,... Read More

Target offers solid profit outlook despite virus uncertainty

Target offers solid profit outlook despite virus uncertainty
NEW YORK — Target Corp. says there could be periodic shipping delays in merchandise from China while the discounter scrambles to stock up on more household essentials in its U.S. stores as it confronts the repercussions of a spreading new virus. Like many retailers, Target is wrestling with the growing uncertainty of the COVID-19 virus as it upends supply networks.... Read More

COVID-19 concerns up odds Bank of Canada will cut rates, economists say

COVID-19 concerns up odds Bank of Canada will cut rates, economists say
OTTAWA — Mounting cases of the novel coronavirus and ensuing unrest through the economy has upped the odds the Bank of Canada will cut rates this week and maybe more drastically than originally forecasted, economists say. The central bank’s announcement on its trend-setting interest rate lands Wednesday morning, and just days ago forecasters expected a cut of a quarter of a percentage... Read More

Ontario announces mining mission to South America

Ontario announces mining mission to South America
TORONTO — Ontario’s economic development minister has announced he is leading a mining mission to Peru and Ecuador. Vic Fedeli says the trip will focus on mining manufacturing and equipment and will expose Ontario businesses to new markets. He says Peru and Ecuador represent “an abundance of untapped potential” for Ontario suppliers to the mining industry. During Fedeli’s April 13-17... Read More

Canadian companies demand travelling employees self-quarantine amid COVID-19

Canadian companies demand travelling employees self-quarantine amid COVID-19
TORONTO — Employers in Canada are asking employees to self-quarantine after travelling to places hit hard by a novel form of coronavirus. Manulife Financial Corp. says it is requiring employees who have visited China, South Korea, Iran and Italy to observe a 14-day self-quarantine after they or anyone in their home has travelled to any of those countries. The Toronto-based insurance company has... Read More

Political programming dominates the week in television

Political programming dominates the week in television
NEW YORK — For the second straight week, politics was the dominant force in prime-time television. CBS News’ coverage of the Democratic presidential debate from South Carolina last week was easily the most-watched event on television, with 15.34 million viewers. The newsmagazine “60 Minutes,” which featured Scott Pelley’s interview with Democrat Mike Bloomberg, came in second for the week, the... Read More

Setting realistic goals a vital part of establishing an emergency savings fund

Setting realistic goals a vital part of establishing an emergency savings fund
Hannah Nordman started an emergency savings fund the moment she finished paying off her student loans. The Calgary-based marketing and communications co-ordinator became debt-free two years ago, and promptly decided to get her finances in order. She started by calculating her expenses — including food, rent and health expenses — and began putting a percentage of the remainder into a savings account... Read More

Vancouver-area home sales below average, but it’s still a seller’s market: board

Vancouver-area home sales below average, but it’s still a seller’s market: board
VANCOUVER — Home sales in Metro Vancouver remain well below the 10-year average for the region but sellers continue to hold the upper hand as the real estate board says demand for properties is steady with buyers having little to choose from. The Real Estate Board of Greater Vancouver says 2,150 homes sold in February, a nearly 37 per cent jump in one... Read More

Stocks whipsaw after Fed cuts rates to counter virus effects

Stocks whipsaw after Fed cuts rates to counter virus effects
NEW YORK — Stocks whipped up and down Tuesday after the Federal Reserve swooped into the market with an emergency interest-rate cut in hopes of shielding the economy from the effects of the fast-spreading virus. The surprise move gave stocks a strong, brief boost, but it took just 15 minutes for the gains to evaporate. The cut helped raise some... Read More