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 (14,881.16, down 222.06 points.) Manulife Financial Corp. (TSX:MFC). Financials. Down 19 cents, or 1.11 per cent, to $16.94 on 28.5 million shares. B2Gold Corp. (TSX:BTO). Materials. Down four cents, or 0.55 per cent, to $7.28 on 11.4 million shares. Enbridge Inc. (TSX:ENB). Energy. Down 85 cents, or 1.84... Read More

Teck CEO defends strategy at mining conference as investors launch criticism

Teck CEO defends strategy at mining conference as investors launch criticism
The CEO of Teck Resources Ltd. is defending his company’s investing strategies as dissident shareholders continue to criticize him for what they call “underperforming” investments in coal and oilsands. Don Lindsay told investors on a mining conference webcast that the Vancouver-based miner is using revenue from its legacy metallurgical coal mines toward the construction of a US$5.2-billion copper mine expansion in Chile, part of its strategy to... Read More

Elon Musk becomes champion of defying virus stay-home orders

Elon Musk becomes champion of defying virus stay-home orders
Tesla CEO Elon Musk has emerged as a champion of defying stay-home orders intended to stop the coronavirus from spreading, picking up support — as well as critics — on social media. Among the supporters was President Donald Trump, who on Tuesday morning tweeted that Tesla’s San Francisco Bay Area factory should be allowed to open despite local health department... Read More

Feds pledge one-time benefit top-up to seniors in COVID-19 aid

Feds pledge one-time benefit top-up to seniors in COVID-19 aid
OTTAWA — Prime Minister Justin Trudeau raised the possibility of extending emergency federal aid programs to ease the economic burden from COVID-19 as his government announced one-time payments for seniors that an advocacy group says falls short of helping their financial crunch. The federal government is set to spend more than $146 billion, with $2.5 billion more in measures announced Tuesday... Read More

Boeing goes another month without a single airliner order

Boeing goes another month without a single airliner order
Boeing failed to sell a single commercial airplane but saw orders for 108 planes cancelled in April as a sharp drop in air travel erased any demand among airlines for new jetliners. It marked the second month this year in which Boeing received no orders, a fate that would have seemed impossible not long ago. Boeing also indicated Tuesday that... Read More

WestJet cancels most flights until July due to COVID-19 pandemic

WestJet cancels most flights until July due to COVID-19 pandemic
CALGARY — WestJet Airlines Ltd. is extending its suspension of thousands of flights by another four weeks until July 4 due to the COVID-19 pandemic. The Calgary-based carrier is halting all U.S. and international flights, as well as more than 40 domestic routes as travel controls and public health concerns continue to choke off demand. The latest round of schedule scrubbing follows WestJet’s announcement... Read More

Canopy Growth says two top executives have left the cannabis firm

Canopy Growth says two top executives have left the cannabis firm
SMITHS FALLS, Ont. — Canopy Growth Corp. says two of its top executives have left the company. The Smiths Falls, Ont.,-based cannabis company says chief operating officer Andre Fernandez and chief commercial officer Dave Bigioni have departed from the firm. Canopy’s vice-president of communications, Jordan Sinclair, says in an email that the departures were mutual decisions and a search to fill their roles has... Read More

TransAlta reports $27M first-quarter profit compared with a loss a year ago

TransAlta reports $27M first-quarter profit compared with a loss a year ago
CALGARY — TransAlta Corp. earned a profit of $27 million in its latest quarter compared with a loss a year ago, helped by strong earnings from its U.S. coal operations and its wind and solar business. The power generator says it has modified its operating procedures and restricted non-essential access to its facilities due to the COVID-19 pandemic, but they all... Read More

TMX Group reports Q1 profit and revenue up from year ago as trading surged

TMX Group reports Q1 profit and revenue up from year ago as trading surged
TORONTO — TMX Group Ltd. reported its first-quarter profit and revenue grew compared with a year ago as stock trading surged in volatile markets caused by the COVID-19 pandemic. The company, which operates the Toronto Stock Exchange, says it earned $70.1 million or $1.24 per diluted share for the quarter ended March 31, up from a profit of $61.2 million or $1.09 per diluted... Read More