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 (11,228.49, down 632.32 points.) Aurora Cannabis Inc. (TSX:ACB). Health care. Down five cents, or 4.76 per cent, to $1 on 14 million shares. Suncor Energy Inc. (TSX:SU). Energy. Down 66 cents, or 4.11 per cent, to $15.41 on 13.7 million shares. Canadian Natural Resources Ltd. (TSX:CNQ).... Read More

TSX starts the week by sinking despite higher crude oil and gold prices

TSX starts the week by sinking despite higher crude oil and gold prices
TORONTO — Higher crude and gold prices couldn’t help Canada’s main stock index from sinking to start the trading week as heightened COVID-19 fears continued to grip investors. The S&P/TSX composite index lost 632.32 points or 5.3 per cent on the day to close at 11,228.49. In New York, the Dow Jones industrial average was down 582.05 points at 18,591.93. The S&P... Read More

TSX and TSXV move to help listed companies, allow more time to hold AGMs

TSX and TSXV move to help listed companies, allow more time to hold AGMs
TORONTO — The company that runs the Toronto Stock Exchange and the TSX Venture Exchange is moving to loosen some rules to help listed companies as they deal with the COVID-19 pandemic. TMX Group Ltd. says the changes will give companies more time to hold annual shareholder meetings and obtain shareholder approval for security-based compensation plans. Companies on the TSX... Read More

Fed to buy unlimited government debt, lend to businesses

Fed to buy unlimited government debt, lend to businesses
WASHINGTON — In its boldest effort to protect the U.S. economy from the coronavirus, the Federal Reserve says it will buy as much government debt as it deems necessary and will also begin lending to small and large businesses and local governments to help them weather the crisis. The Fed’s announcement Monday removes any dollar limits from its plans to... Read More

Toronto and Vancouver real estate boards urge suspension of open houses

Toronto and Vancouver real estate boards urge suspension of open houses
TORONTO — The Toronto Regional Real Estate Board is urging it realtors to stop holding open houses because of the COVID-19 pandemic, following a similar move by the Greater Vancouver Area board last week. TRREB says that while the decision to hold open houses is up to realtors and their clients, the board will suppress information about the in-person showings on its... Read More

Travel company Transat AT lays off 3,600 staff, about 70 per cent of workforce

Travel company Transat AT lays off 3,600 staff, about 70 per cent of workforce
MONTREAL — Transat AT Inc. has temporarily laid off about 70 per cent of its workforce in Canada, about 3,600 people, as it looks to stop flying on April 1. The decision comes as non-essential travel around the world comes to a standstill as governments close borders in an effort to slow the COVID-19 pandemic. “We are very much in... Read More

IIROC fines TD Waterhouse Canada $4 million plus costs for disclosure omission

IIROC fines TD Waterhouse Canada $4 million plus costs for disclosure omission
TORONTO — The Investment Industry Regulatory Organization of Canada has fined TD Waterhouse Canada Inc. $4 million for failing to include position cost information in quarterly retail client account statements for certain securities positions. The Toronto-based company is also required to pay $28,497 in costs for failing to include the details since December 2015. An IIROC staff submission says the... Read More

Cineplex Inc. cuts salaries of full-time employees after part-time layoffs

Cineplex Inc. cuts salaries of full-time employees after part-time layoffs
TORONTO — Cineplex Inc. says it has temporarily cut salaries for remaining employees and executives after laying off part-time workers with last week’s closure of its movie theatres and other entertainment venues. Spokeswoman Sarah Van Lange confirmed today that it reduced base salaries for full-time staff corresponding to their level, and its senior executive team is taking an 80 per cent reduction.... Read More