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 (15,148.12, up 72.70 points.) HEXO Corp. (TSX:HEXO). Health care. Down 12 cents, or 11 per cent, to 97 cents on 16.8 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up 1.5 cents, or 3.03 per cent, to 51 cents on 11.6 million shares. Suncor Energy Inc. (TSX:SU). Energy.... Read More

Retailers add COVID-19 surcharge for services to help offset costs of pandemic

Retailers add COVID-19 surcharge for services to help offset costs of pandemic
VANCOUVER — Among the many changes that returning customers to Hatz Hair Studio in North Vancouver may notice is a $5 charge on their bill to help offset costs associated with operating during the coronavirus. The hair salon is among retailers adding a COVID-19 surcharge, which can range from a few dollars to a percentage of the final bill, as business owners grapple with a... Read More

Higher prices encourage Canadian producers to boost oil production

Higher prices encourage Canadian producers to boost oil production
CALGARY — Western Canadian producers are moving to restore some oil production as crude prices rise with demand thanks to the gradual opening of the world economy and OPEC and Russian output cuts. But analysts say oil companies hit hard by low oil prices so far this year are being cautious and will choke back oil output again if higher prices prove unstable.... Read More

TSX gets lift from financials, U.S. markets rise to highest since March

TSX gets lift from financials, U.S. markets rise to highest since March
TORONTO — Canada’s main stock index got a lift from the heavyweight financials sector after the first bank to report this quarter beat expectations, while U.S. markets hit their highest levels in more than two months. The S&P/TSX composite index closed up 72.70 points at 15,148.12. In New York, the Dow Jones industrial average was up 529.95 points or 2.2... Read More

Financials help lift S&P/TSX composite, U.S. stock markets surge higher

Financials help lift S&P/TSX composite, U.S. stock markets surge higher
TORONTO — Gains in the financial sector helped lift Canada’s main stock index in late-morning trading, while U.S. stock markets surged higher. The S&P/TSX composite index was up 40.80 points at 15,116.22. In New York, the Dow Jones industrial average was up 673.07 points at 25,138.23. The S&P 500 index was up 59.39 points at 3,014.84, while the Nasdaq composite... Read More

Clothing retailer Roots names Meghan Roach as new chief executive

Clothing retailer Roots names Meghan Roach as new chief executive
TORONTO — Clothing retailer Roots Corp. has named Meghan Roach as its new chief executive. Roach, who has been interim chief executive since January, replaces Jim Gabel, who left the company after the board expressed a need for “renewed leadership.” She joined Roots from Searchlight Capital Partners, the company’s largest shareholder. Before becoming interim chief executive, Roach served as the... Read More

Scotiabank Q2 profit down from year ago as provisions for credit losses soar

Scotiabank Q2 profit down from year ago as provisions for credit losses soar
TORONTO — COVID-19 weighed down Bank of Nova Scotia’s second quarter, causing its profit to plunge and the company to increase its reserves to cover bad loans. The Toronto-based bank reported Tuesday a profit of $1.32 billion for the period ended April 30, down sharply from a year ago. The bank’s provisions for credit losses totalled nearly $1.85 billion for the quarter,... Read More

Financial sector helps fuel gains in Toronto, U.S. markets surge higher

Financial sector helps fuel gains in Toronto, U.S. markets surge higher
TORONTO — Canada’s main stock index climbed higher in early trading after better-than-expected results from Scotiabank helped fuel gains in the financial sector. The S&P/TSX composite index was up 97.87 points at 15,173.29. In New York, the Dow Jones industrial average was up 596.81 points at 25,061.97. The S&P 500 index was up 60.10 points at 3,015.55, while the Nasdaq... Read More

Canada Pension fund manager posts 3.1 per cent annual return for 2019-20

Canada Pension fund manager posts 3.1 per cent annual return for 2019-20
TORONTO — The Canada Pension Plan Investment Board earned a 3.1 per cent return in its latest financial year as the crash in the stock market due to the pandemic took a bite out of results. “Amid the significant number of concerns many Canadians have today, the sustainability of the fund is one thing they shouldn’t worry about,”  CPPIB chief executive Mark... Read More