Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,639.41, down 74.41 points.) The Toronto-Dominion Bank (TSX:TD). Financials. Up 84 cents, or 1.4 per cent, to $60.76 on 9 million shares. B2Gold Corp. (TSX:BTO). Materials. Down 21 cents, or 2.6 per cent, to $7.86 on 8.2 million shares. Enbridge Inc. (TSX:ENB). Energy. Up 24 cents,... Read More

North American stock markets reverse from strong morning gains on vaccine hopes

North American stock markets reverse from strong morning gains on vaccine hopes
TORONTO — North American stock markets plunged after a strong start to the week as Tesla Inc. and big tech company shares reversed from a morning surge. The S&P/TSX composite index closed down 74.41 points at 15,639.41. In New York, the Dow Jones industrial average was up 10.50 points at 26,085.80. The S&P 500 index was down 29.82 points at 3,155.22, while... Read More

Analog Devices buys Maxim, creating $68 billion chipmaker

Analog Devices buys Maxim, creating $68 billion chipmaker
NEW YORK — Computer chip maker Analog Devices is buying Maxim Integrated in an all-stock deal that will create a company worth about $68 billion, and strengthens its position in the analog semiconductor sector. The $20 billion acquisition would also give Analog a more defined roll in the development technology for 5G networks and self-piloted vehicles. Maxim stockholders will receive... Read More

Statistics Canada analysis suggests small hit to inflation from pandemic

Statistics Canada analysis suggests small hit to inflation from pandemic
OTTAWA — Statistics Canada says Canadians’ buying patterns changed so much during the COVID-19 pandemic that its measure of consumer inflation went a little wobbly. The agency previously reported that year-over-year inflation declined by 0.2 per cent in April, then took a further drop of 0.4 per cent in May as lockdowns put a damper on consumer spending. But a look... Read More

Pieridae Energy says engineering company seeking exit from Goldboro LNG deal

Pieridae Energy says engineering company seeking exit from Goldboro LNG deal
CALGARY — Pieridae Energy Ltd. says the engineering company it hired to build its proposed Goldboro LNG export facility in Nova Scotia is withdrawing from an agreement to provide a fixed price contract for the job. The Calgary-based company says it has received written notice from Kellogg Brown & Root Ltd. that it is no longer prepared to enter into a lump-sum turnkey... Read More

IMF: Mideast loses $270B oil income amid virus, recession

IMF: Mideast loses $270B oil income amid virus, recession
DUBAI, United Arab Emirates — The Middle East’s energy producers are expected to earn $270 billion less in oil revenue compared to last year as the region’s economic heavyweight, Saudi Arabia, sinks deeper into recession amid the coronavirus pandemic, according to the International Monetary Fund’s outlook released Monday. The international lender expects an overall economic contraction of 7.3% in Mideast... Read More

Yamana says Canadian Malartic gold mine exceeded post-COVID production targets

Yamana says Canadian Malartic gold mine exceeded post-COVID production targets
TORONTO — Yamana Gold Inc. says the Canadian Malartic mine in Quebec has ramped up production more quickly than anticipated following a COVID-related shut-down. The mine, one of North America’s largest gold producers, milled more than 60,000 tonnes per day of ore in both May and June, partially offsetting the down time and ramp-up in production that began April 15 after the province... Read More