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 (16,123.48 , up 98.98 points.) Algonquin Power & Utilities (TSX:AQN). Utilities. Up 15 cents, or 0.81 per cent, to $18.74 on 5.7 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 2.33 per cent, to 44 cents on 5.6 million shares. Canadian Natural Resources... Read More

Michigan wants Enbridge to pledge funds in case of oil spill

Michigan wants Enbridge to pledge funds in case of oil spill
TRAVERSE CITY, Mich. — Michigan sought a pledge Friday from Enbridge Inc. to cover costs that would arise if oil were to leak from its dual pipelines that extend across a channel linking two of the Great Lakes. Department of Natural Resources Director Dan Eichinger asked the Canadian pipeline company to carry $900 million of liability insurance and set aside... Read More

US home construction jumps 17.3% in June

US home construction jumps 17.3% in June
SILVER SPRING, Md. — Construction of U.S. homes jumped 17.3% in June as some states reopened, but the pace still lags last year after this spring’s massive slowdown in building activity due to the coronavirus outbreak. The Commerce Department reported Friday that new homes were started at a seasonally adjusted annual rate of 1,186,000 in June after a modest recovery... Read More

Rising gold to offset Q2 pandemic hits on precious metals miners, say analysts

Rising gold to offset Q2 pandemic hits on precious metals miners, say analysts
CALGARY — Despite negative impacts of the COVID-19 pandemic on production and costs, rising prices for gold are expected to buoy results as Canada’s precious metals miners begin rolling out second-quarter financial results next week. In the three months ended June 30, the average gold price was US$1,713 per ounce, up eight per cent over the first quarter, said RBC Capital Markets in a... Read More

Seattle cruise line sells 4 ships; cruise ban extended

Seattle cruise line sells 4 ships; cruise ban extended
SEATTLE — A Seattle-based cruise line has sold four ships in its fleet as the coronavirus pandemic has halted operations and subsequently slowed businesses that rely on incoming traffic from the industry. Holland America Line made the announcement after the U.S. Centers for Disease Control and Prevention on Thursday extended a ban on cruises in U.S. waters until the end... Read More

Cineplex lays off 130 workers in Canada and U.S. amid COVID-19 troubles

Cineplex lays off 130 workers in Canada and U.S. amid COVID-19 troubles
TORONTO — Cineplex Inc. says it is laying off more than 130 workers as the company continues to grapple with the COVID-19 pandemic and a takeover deal that has turned litigious. The Toronto-based theatre chain says workers in Canada and the U.S. are impacted by cuts, which includes senior executives due to retire. Cineplex says it is confident its business will recover... Read More

S&P/TSX composite up in late-morning trading, U.S. stock markets mixed

S&P/TSX composite up in late-morning trading, U.S. stock markets mixed
TORONTO — Gains in the materials and industrial sectors helped power Canada’s main stock index higher in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 60.50 points at 16,085.00. In New York, the Dow Jones industrial average was down 41.37 points at 26,693.34. The S&P 500 index was up 3.24 points at 3,218.81, while... Read More

Mobile Klinik to speed up expansion of smartphone repair chain as unit of Telus

Mobile Klinik to speed up expansion of smartphone repair chain as unit of Telus
TORONTO — The Mobile Klinik chain of smartphone repair and resale shops plans to speed up its expansion with the help of its new owner, Telus Corp., with a goal of becoming the biggest name in the business. Mobile Klinik currently has 79 corporate and two franchised stores and plans to add two locations in Nova Scotia and P.E.I., giving... Read More