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 (14,811.56, up 66.52 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up 3.5 cents, or 7.07 per cent, to 53 cents on 17.5 million shares. Cenovus Energy Inc. (TSX:CVE). Energy. Up 37 cents, or 7.79 per cent, to $5.12 on 13.1 million shares. Suncor Energy Inc. (TSX:SU). Energy. Down... Read More

Enbridge converts idled Mainline export system pipeline for crude storage

Enbridge converts idled Mainline export system pipeline for crude storage
CALGARY — Analysts say an Enbridge Inc. plan to use an idled leg of its Mainline pipeline system to store surplus Western Canadian oil will help offset lower volumes on the system as U.S. refineries buy less oil to match lower demand. Enbridge has applied to the Canada Energy Regulator for permission to use a portion of its Line 3 pipeline in Saskatchewan and Manitoba... Read More

Airbnb laying off 1,900 employees due to travel decline

Airbnb laying off 1,900 employees due to travel decline
Airbnb is laying off 25% of its workforce as it confronts a steep decline in global travel due to the new coronavirus. In a letter to employees, CEO Brian Chesky said the company is letting 1,900 of its 7,500 workers go and cutting businesses that don’t directly support home-sharing, like its investments in hotels and movie production. “We are collectively... Read More

Aid package to agriculture aims $252 million at multiple pressures

Aid package to agriculture aims $252 million at multiple pressures
OTTAWA — The federal government moved Tuesday to ease multiple pressures in Canada’s agriculture industry created by the COVID-19 pandemic with the promise of a $252-million aid package. The funds fall far short of the $2.6 billion request for help last month from the Canadian Federation of Agriculture, but Prime Minister Justin Trudeau said the money is a starting point. “We... Read More

Lyft pilots program in Canada that offers cheaper rides for longer waits

Lyft pilots program in Canada that offers cheaper rides for longer waits
SAN FRANCISCO — Lyft Inc. is bringing a pilot program to Canada that gives customers lower fares if they agree to wait longer for their pickup. The San Francisco-based ride-hailing company says the program will debut in more than 90 Canadian and American cities today. Lyft says the longer customers wait to be matched to the best located driver, the cheaper their fare will be... Read More

GTA home sales plunge 67% in April as COVID-19 pandemic freezes real estate market

GTA home sales plunge 67% in April as COVID-19 pandemic freezes real estate market
TORONTO — Home sales in the Greater Toronto Area plunged 67 per cent in April as unprecedented COVID-19 social distancing measures and economic uncertainty affected sales and new listings, the Toronto Regional Real Estate Board reported Tuesday. “Past recessions and recoveries do not necessarily provide the best guide as to how the housing market will recover from the impact of the COVID-19... Read More

Energy, industrials and tech lead Toronto stock market higher, oil rises

Energy, industrials and tech lead Toronto stock market higher, oil rises
TORONTO — Strength in the energy, industrial and technology sectors helped Canada’s main stock index move higher in late-morning trading, while the price of oil also gained. The S&P/TSX composite index was up 96.67 points at 14,841.71. In New York, the Dow Jones industrial average was up 317.89 points at 24,067.65. The S&P 500 index was up 42.27 points at... Read More

George Weston Ltd. reports Q1 profit compared with loss a year ago

George Weston Ltd. reports Q1 profit compared with loss a year ago
TORONTO — George Weston Ltd. reported a profit in its latest quarter compared with a loss a year ago when it took a large one-time charge. The retail, bakery and real estate business says the profit available to common shareholders totalled $582 million or $3.78 per diluted share for the quarter ended March 21. That compared with a loss of... Read More