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 (14,745.04, up 124.70 points.) SOPerior Fertilizer Corp. (TSX:SOP). Materials. Up half a cent, or 16.67 per cent, to 3.5 cents on 15.6 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 2.06 per cent, to 49.5 cents on 13 million shares. The Stars... Read More

Yukon diverts 3.56 million to its aviation industry to help in pandemic loss

Yukon diverts 3.56 million to its aviation industry to help in pandemic loss
WHITEHORSE — Yukon is diverting $3.56 million from its federal government support to the territory’s aviation sector to help compensate for revenues lost during the pandemic. The territory says the money is Yukon’s portion of federal support announced on April 14. It says in a statement that Air North will receive $1.1 million of the funds over three months to ensure continued... Read More

Toronto market climbs as crude oil futures reach highest level in two weeks

Toronto market climbs as crude oil futures reach highest level in two weeks
TORONTO — Canada’s main stock index recovered at the end of Monday trading with the energy sector rising as crude oil futures reached their highest closing in two weeks. With a vacuum of major data or news, investors had been moved for much of the day by a series of negative events. This included the possible renewal of a trade dispute between the U.S. and... Read More

`Like I just got out of jail!’: States ease their lockdowns

`Like I just got out of jail!’: States ease their lockdowns
GRETNA, La. — More than a dozen states let restaurants, stores or other businesses reopen Friday in the biggest one-day push yet to get their economies up and running again, acting at their own speed and with their own quirks and restrictions to make sure the coronavirus doesn’t come storming back. People in Louisiana could eat at restaurants again but... Read More

Canadian equities were worst hit asset type for fund managers in Q1, report says

Canadian equities were worst hit asset type for fund managers in Q1, report says
TORONTO — Canadian equities were the worst performing traditional asset category in the first quarter, according to a report that sizes up the financial impact of the COVID-19 pandemic and concurrent decline in world oil prices during the first three months of 2020. The CIBC Mellon report says Canadian equities had a first-quarter median return of minus 20.10 per cent. That was nearly three... Read More

MDA signs $190-million robotics contract for International Space Station

MDA signs $190-million robotics contract for International Space Station
BRAMPTON, Ont. — MDA has signed a contract worth $190 million to support robotic operations on the International Space Station (ISS). The contract includes ongoing operations and maintenance of the Canadian contribution to the ISS, including Canadarm2, Dextre and the mobile base system. The contract is to run from 2020 to 2024. It also includes an option for Canada to... Read More

Air Canada forecasts at least three years of fewer flights and earnings

Air Canada forecasts at least three years of fewer flights and earnings
MONTREAL — With losses topping $1 billion last quarter, Air Canada predicts it will take at least three years to return to the flight capacity and earnings heights of 2019 due to the “cataclysmic effect” of the COVID-19 pandemic. “We’re now living through the darkest period ever in the history of commercial aviation, significantly worse than 9/11, SARS and the 2008 financial crisis,”... Read More

Canopy Rivers invests $2 million in Edmonton-based cannabis gummies company

Canopy Rivers invests $2 million in Edmonton-based cannabis gummies company
TORONTO — Canopy Rivers Inc. says it has made a $2-million investment in Dynaleo Inc., an Edmonton-based company focused on edible cannabis gummies. Dynaleo has built a manufacturing facility and submitted the supporting documentation for a standard processing licence to Health Canada. The company plans white-label production of CBD and THC edibles for the Canadian market that can be customized to... Read More

S&P/TSX composite index edges lower at late-morning, U.S. stock markets mixed

S&P/TSX composite index edges lower at late-morning, U.S. stock markets mixed
TORONTO — Canada’s main stock index edged lower in late-morning trading as the energy, financial and industrial sectors all fell, while U.S. stock markets were mixed. The S&P/TSX composite index was down 1.83 points at 14,618.51. In New York, the Dow Jones industrial average was down 199.62 points at 23,524.07. The S&P 500 index was down 12.29 points at 2,818.42,... Read More