Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,474.20, down 5.63 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down 2.5 cents, or 5.1 per cent, to 46.5 cents on 145.6 million shares. Zenabis Global Inc. (TSX:ZENA). Health care. Down five cents, or 34.48 per cent, to 9.5 cents on 55.5 million shares. Baytex Energy Corp. (TSX:BTE). Energy. Down two... Read More

Canadian crude-by-rail exports drop by half in April as fuel demand plunged

Canadian crude-by-rail exports drop by half in April as fuel demand plunged
Canadian exports of crude oil by rail dropped by more than half in April compared to March as North American fuel demand plunged due to measures taken to control the COVID-19 pandemic. The Canada Energy Regulator says rail shipments of oil in April fell to 156,000 barrels per day, down from 351,000 bpd in March and 240,000 bpd in the same month of 2019.... Read More

Pandemic erases Quebec’s projected surplus, throws province into $15-billion deficit

Pandemic erases Quebec’s projected surplus, throws province into $15-billion deficit
Quebec is projecting a $15-billion deficit for the current fiscal year, three months after Finance Minister Eric Girard forecast a surplus of nearly $3 billion. Girard’s economic update, released today, also plans for a second wave of COVID-19, setting aside $4 billion to manage the fallout. Before the pandemic, Girard had estimated in early March the fiscal year would end with... Read More

SNC-Lavalin to pay $1.9 million for rigging bids on Quebec municipal contracts

SNC-Lavalin to pay $1.9 million for rigging bids on Quebec municipal contracts
OTTAWA — SNC-Lavalin Inc. will pay Ottawa $1.9 million for rigging bids on municipal infrastructure contracts in Quebec as part of a federal settlement. The Competition Bureau says the Public Prosecution Service of Canada settlement, filed Friday in Quebec Superior Court, ends the agency’s investigation of the company’s role in a scheme in which several engineering firms conspired to rig... Read More

Materials sector powers Toronto market higher, U.S. stock markets also rise

Materials sector powers Toronto market higher, U.S. stock markets also rise
TORONTO — Strength in the materials sector helped boost Canada’s main stock index to a triple-digit advance in late-morning trading, while U.S. stock markets also moved higher. The S&P/TSX composite index was up 142.95 points at 15,622.78. In New York, the Dow Jones industrial average was up 160.82 points at 26,240.92. The S&P 500 index was up 22.08 points at... Read More

China charges two Canadians with spying in Huawei-linked case

China charges two Canadians with spying in Huawei-linked case
BEIJING — Prime Minister Justin Trudeau says Canada is “very disappointed” that China charged two Canadians who have been detained in China for 18 months. Chinese prosecutors said Friday that Michael Kovrig was charged in Beijing on suspicion of spying for state secrets and intelligence. Michael Spavor was charged in Dandong city near the North Korean border on suspicion of... Read More

Quebec securities regulator charges trio over PlexCoin virtual currency scheme

Quebec securities regulator charges trio over PlexCoin virtual currency scheme
MONTREAL — Quebec’s securities regulator has filed civil charges against three residents over the illegal sale of virtual currency called PlexCoin. L’Autorite des marches financiers says Dominic Lacroix, Sabrina Paradis-Royer and Yan Ouellet face seven charges. Lacroix is charged with making distributions without a prospectus and making misrepresentations relating to transactions in securities in connection with the PlexCoin project. Paradis-Royer and... Read More