Yukon forecasts surplus in 2020-21 budget as it cuts small business tax

Yukon forecasts surplus in 2020-21 budget as it cuts small business tax
WHITEHORSE — The Yukon government is forecasting a $4.1 million surplus in its 2020-21 budget, which includes funding for new schools and tax cuts. Premier Sandy Silver, who also serves as finance minister, says the budget puts the territory on a sustainable economic path, with spending pegged at about $1.62 billion. The budget proposes cutting the small business tax rate... 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 (16,553.99, down 225.54 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down five cents, or 4.95 per cent, to 96 cents on 13.2 million shares. Roadman Investments Corp. (TSX:LITT). Financials. Up 1.5 cents, or 23.08 per cent, to eight cents on 11.3 million shares. Manulife Financial Corp. (TSX:MFC). Financials.... Read More

Immediate worry of COVID-19 spurred Bank of Canada rate cut, Poloz says

Immediate worry of COVID-19 spurred Bank of Canada rate cut, Poloz says
TORONTO — Canada’s top central banker says concerns about the immediate impact of the novel coronavirus spurred the Bank of Canada to cut its trend-setting interest rate this week. Governor Stephen Poloz said Thursday in the luncheon speech that worries about the downside risks to the economy today outweighed continuing concerns that cutting rates would fan financial vulnerabilities in Canada, such as high... Read More

Canada’s largest airlines waiving fees to change flights because of coronavirus

Canada’s largest airlines waiving fees to change flights because of coronavirus
TORONTO — Canada’s largest airlines are waiving change fees in light of concerns about the novel coronavirus. Air Canada says a one-time change is permitted for tickets purchased from the airline between March 4 and March 31 for travel within 12 months. It also applies to Aeroplan flight reward bookings and Air Canada Vacations has implemented flexible booking policies. WestJet Airlines Ltd.... Read More

Canadian Natural Resources reports fourth-quarter profit, raises dividend

Canadian Natural Resources reports fourth-quarter profit, raises dividend
CALGARY — Canadian Natural Resources Ltd. raised its dividend as it reported a profit in its most recent quarter compared with a loss in the same period a year earlier. The energy company says it will now pay a quarterly dividend of 42.5 cents per share, up from its previous rate of 37.5 cents. The increased payment to shareholders came... Read More

Cineplex shares fall after short seller raises concerns about Cineworld deal

Cineplex shares fall after short seller raises concerns about Cineworld deal
TORONTO — Shares of Cineplex Inc. fell more than 10 per cent after a short-seller suggested the company’s $2.8-billion deal to be acquired by Cineworld PLC could fall apart or see the price reduced materially. In a series of tweets, Hindenburg Research says the stock market is significantly underestimating the chances that Cineworld will seek to break or modify the... Read More

MEG Energy reports $26M Q4 profit, compared with $199M loss a year ago

MEG Energy reports $26M Q4 profit, compared with $199M loss a year ago
CALGARY — MEG Energy Corp. reported a profit of $26 million in its latest quarter compared with a loss of $199 million in the same quarter a year earlier. The company says the profit amounted to nine cents per diluted share for the quarter ended Dec. 31 compared with a loss of 67 cents per diluted share in the last three... Read More