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 (14,780.74, down 447.37 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 2.08 per cent, to 49 cents on 19.8 million shares. Baytex Energy Corp. (TSX:BTE). Energy. Up half a cent, or 1.14 per cent, to 44.5 cents on 15.1 million shares. Cenovus Energy Inc. (TSX:CVE). Energy. Up five cents, or one... Read More

Toronto market falls to end a strong April and partially recover March weakness

Toronto market falls to end a strong April and partially recover March weakness
TORONTO — Canada’s main stock index ended lower to cap one of its best months and partially recover the steep declines of March. The S&P/TSX composite index closed down 447.37 points or nearly three per cent at 14,780.74. In New York, the Dow Jones industrial average was down 288.14 points at 24,345.72. The S&P 500 index was down 27.08 points at... Read More

Commercial landlords brace for May to be worst yet as tenants grapple with rent

Commercial landlords brace for May to be worst yet as tenants grapple with rent
TORONTO — For the last seven years, Jessica Carpinone has always been able to pay rent for the space her artisanal bakery and coffee shop Bread by Us uses in Ottawa. This year is different. Come Friday, there will be no cheque in the mail, no wad of cash and no e-transfer that Carpinone will send her landlord. “We pay close to $6,000 a month in rent... Read More

US jobless claims soar past 30 million; Europe reeling also

US jobless claims soar past 30 million; Europe reeling also
NEW YORK — Bleak new figures Thursday underscored the worldwide economic pain inflicted by the coronavirus: The number of Americans filing for unemployment benefits rose past a staggering 30 million, while Europe’s economies are in a record slide. The statistics are likely to turn up the pressure on politicians to ease the lockdowns that have closed factories and other businesses.... Read More

Looking for car? Vehicle market likely to look very different due to pandemic

Looking for car? Vehicle market likely to look very different due to pandemic
TORONTO — Motorists are advised to fasten their seatbelts for a very different spring car-buying season. In addition to complicating the shopping experience, the COVID-19 pandemic could have an impact on selection, price and financing, say experts. “We do see that customers will probably be able to get better deals, but by making cash deals or finance deals rather than... Read More

US mortgage rates at all-time lows; 30-year loan at 3.23%

US mortgage rates at all-time lows; 30-year loan at 3.23%
WASHINGTON — Long-term mortgage rates tumbled to all-time lows this week as the economy and housing market continued to reel from the business and social shutdown spurred by the coronavirus pandemic. The average rate on the benchmark 30-year home loan fell to 3.23%, the lowest level since mortgage buyer Freddie Mac started tracking rates in 1971. That was down from... Read More

Economic growth stalled in February ahead of pandemic-related downturn

Economic growth stalled in February ahead of pandemic-related downturn
OTTAWA — Economic growth in Canada stalled in February ahead of the collapse in March due to the COVID-19 pandemic, Statistics Canada said Thursday. The agency said real gross domestic product was essentially unchanged for the month as it was hit by teacher strikes in Ontario and rail blockades across many parts of the country. The educational services sector fell 1.8... Read More

Precision Drilling reports $5.3M Q1 loss, warns of drop in demand well into 2021

Precision Drilling reports $5.3M Q1 loss, warns of drop in demand well into 2021
CALGARY — Precision Drilling Corp. reported a loss in its first quarter and warned that it expected a significant and sustained drop in customer demand for oil and gas services well into next year as a result of the recent plunge in oil prices. The drilling company says the COVID-19 pandemic and the oil price war between Russia and Saudi... Read More

Fed expands Main Street Lending Program for businesses

Fed expands Main Street Lending Program for businesses
WASHINGTON — The Federal Reserve announced Thursday that it was expanding a major lending program to provide support for businesses struggling to cope with the economic slowdown caused by the coronavirus pandemic. The Fed said that it was expanding the scope and eligibility of its Main Street Lending Program which is designed to provide up to $600 billion in loans... Read More

Molson Coors expects Q2 drop in sales due to loss of bar and restaurant sales

Molson Coors expects Q2 drop in sales due to loss of bar and restaurant sales
MONTREAL — Molson Coors Beverage Co. says it expects a significant drop in sales and profits in the second-quarter and possibly beyond as a result of the closure of bars and restaurants due to the pandemic. It estimates about 23 per cent of its 2019 consolidated net sales resulted from what it called on-premises consumption, which has effectively been reduced to... Read More