Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,575.11, up 180.75 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 86 cents, or 3.51 per cent, to $25.38 on 34.9 million shares. Great-West Lifeco Inc. (TSX:GWO). Financials. Up 78 cents, or 3.39 per cent, to $23.82 on 22.7 million shares. Canadian Natural Resources... Read More

Investors again shrug off risks to drive stock markets to three-month highs

Investors again shrug off risks to drive stock markets to three-month highs
TORONTO — North American stock markets set new three-month highs as investors again shrugged off risks as they gained more confidence about the economic recovery. The S&P/TSX composite index closed up 180.75 points at 15,575.11. In New York, the Dow Jones industrial average was up 527.24 points at 26,269.89. The S&P 500 index was up 42.05 points at 3,122.87, while the... Read More

Trump administration moves to block Chinese airlines from US

Trump administration moves to block Chinese airlines from US
The Trump administration moved Wednesday to block Chinese airlines from flying to the U.S. in an escalation of trade and travel tensions between the two countries. The Transportation Department said it would suspend passenger flights of four Chinese airlines to and from the United States starting June 16. The decision was in response to China’s failure to let United Airlines... Read More

Labour shortages on some Ontario farms threaten crop harvest groups say

Labour shortages on some Ontario farms threaten crop harvest groups say
TORONTO — Groups that advocate for Ontario’s farmers say a worker shortage could threaten the harvest of some crops across the province. The Ontario Federation of Agriculture, the Ontario Greenhouse Vegetable Growers, and the Canada Horticultural Council say the shortages exist on many farms across the province because of the pandemic. The groups are urging the federal and provincial governments to provide... Read More

Garneau expands required use of face masks on planes, trains, ships and transit

Garneau expands required use of face masks on planes, trains, ships and transit
OTTAWA — Federal Transport Minister Marc Garneau is expanding the required use of face coverings on planes, trains, ships and transit to reduce the spread of COVID-19. Effective at noon on Thursday, airline flight crew and airport workers will be required to wear non-medical marks, in addition to the existing requirement for passengers. Railway operators will have to notify passengers to wear... Read More

Survey: 2.76 million layoffs in May, far fewer than expected

Survey: 2.76 million layoffs in May, far fewer than expected
BALTIMORE — U.S. businesses shed 2.8 million jobs in May, significantly less than the 9.3 million job losses that were expected. The payroll company ADP reported Wednesday that businesses have let go of a combined 22.6 million jobs since March, with the bulk of the layoffs occurring in April. The virus forced employers to shutter offices, factories, gyms and schools,... Read More

Financial sector leads broad rally in Toronto, loonie tops 74 cents US

Financial sector leads broad rally in Toronto, loonie tops 74 cents US
TORONTO — The financial sector led a broad-based rally as Canada’s main stock index posted a triple-digit advance in late-morning trading, while the loonie topped 74 cents US. The S&P/TSX composite index was up 175.88 points at 15,570.24. In New York, the Dow Jones industrial average was up 415.92 points at 26,158.57. The S&P 500 index was up 37.47 points... Read More

Canada Goose reports Q4 profit of $2.5 million amid COVID-19 pandemic

Canada Goose reports Q4 profit of $2.5 million amid COVID-19 pandemic
TORONTO — Canada Goose Holdings Inc. says it reduced cash expenses and investments by about $90 million in its first quarter as it deals with fallout from the pandemic. The clothing company says its executive team has taken voluntary salary reductions of 20 per cent, while chief executive Dani Reiss is foregoing his entire salary. Canada Goose also says costs... Read More