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 (15,595.50, down 74.17 points.) The Toronto-Dominion Bank (TSX:TD). Financials. Down 95 cents, or 1.55 per cent, to $60.22 on 13.4 million shares. St. Augustine Gold and Copper (TSX:SAU). Materials. Up eight cents, or 133.33 per cent, to 14 cents on 7.5 million shares. Zenabis... Read More

S&P/TSX composite dips even as gold price rises to near nine-year high

S&P/TSX composite dips even as gold price rises to near nine-year high
TORONTO — Canada’s main stock index dipped on concerns about rising COVID-19 infections even though the materials sector surged with the price of gold hitting a near nine-year high. The S&P/TSX composite index closed down 74.17 points at 15,595.50. In New York, the Dow Jones industrial average was down 396.85 points at 25,890.18. The S&P 500 index was down 34.40... Read More

Detour gold mine addition boosts Kirkland Lake second-quarter production

Detour gold mine addition boosts Kirkland Lake second-quarter production
TORONTO — Shares in Kirkland Lake Gold Ltd. jumped by 5.2 per cent to $59.71 on Tuesday after it reported higher-than-expected gold production in the second quarter ended June 30. The Canadian company’s output of 329,800 ounces was 54 per cent higher than the same period in 2019, thanks mainly to its purchase of Detour Gold Corp. for $4.34 billion in stock early... Read More

Turbulence in Canadian opinion on airlines COVID-19 response: poll

Turbulence in Canadian opinion on airlines COVID-19 response: poll
OTTAWA — A new poll suggests turbulence ahead for airlines seeking public support for their current COVID-19 plans. Seventy-two per cent of Canadians surveyed by Leger and the Association for Canadian Studies say they’re not comfortable flying since a decision by some airlines to relax their own in-flight physical distancing requirements. As of July 1, Air Canada and WestJet both ended... Read More

Canada’s two largest railways move record grain in June, second quarter

Canada’s two largest railways move record grain in June,  second quarter
Canada’s two largest railways moved record quantities of grain in the second quarter after benefiting from another strong month in June. Canadian National Railway says it is on pace for record shipments of grain this year after record movements of Canadian grain last month and the quarter as a whole contributed to its best performance in the first half-year. The Montreal-based railway says it... Read More

Hiring soared in May as mass layoffs eased

Hiring soared in May as mass layoffs eased
WASHINGTON — The job market took a big step toward healing in May, though plenty of damage remains, as a record level of hiring followed record layoffs in March and April. The Labor Department reported Tuesday that the number of available jobs rose sharply as well, but remained far below pre-pandemic levels. The figures, from the government’s Job Openings and... Read More

Uber launches new grocery delivery service in Montreal and Toronto

Uber launches new grocery delivery service in Montreal and Toronto
Uber Technologies Inc. is getting into the grocery delivery business and is using some Canadian cities to help it launch the venture. The San Francisco-based tech giant said Tuesday that users in Montreal and Toronto can now order groceries through its Uber and Uber Eats apps. “They’ll be able to place orders from local merchants and receive them in as little as... Read More

Attempts to close Line 5 pipeline a “threat” to consumers: Suncor CEO

Attempts to close Line 5 pipeline a “threat” to consumers: Suncor CEO
CALGARY — The CEO of Suncor Energy Inc. says attempts by Michigan state politicians to retire the Line 5 pipeline running through a Great Lakes channel is a “huge potential threat” for consumers in Michigan as well as Ontario and Quebec. Speaking during the TD Securities energy conference, Mark Little says his company’s refineries in Sarnia, Ont., and Montreal are... Read More