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 (16,183.66, up 60.18 points.) Enbridge Inc. (TSX:ENB). Energy. Down 33 cents, or 0.79 per cent, to $41.28 on 11.2 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Down 10 cents, or 0.52 per cent, to $19.04 on 10.1 million shares. Just Energy Group Inc. (TSX:JE).... Read More

Cirque’s adventure may end badly for Quebec institutional investors

Cirque’s adventure may end badly for Quebec institutional investors
MONTREAL — The purchase offer for Cirque du Soleil from its secured creditors risks eliminating Quebec’s longstanding presence as a shareholder and causing losses of tens of millions of dollars to two of the province’s largest institutional investors. A US$1.2-billion takeover proposal by a group of debt holders, which was approved on Friday as the benchmark bid for a court-supervised auction... Read More

Mortgage defaults after COVID-19 could look different than 2008, says economist

Mortgage defaults after COVID-19 could look different than 2008, says economist
TORONTO — A Bank of Canada economist says the current economic recovery could be different than the recovery from the financial crisis of 2008. Bank of Canada Director of Financial Stability Mikael Khan said that while the employment rate has fallen due to the pandemic, house prices are recovering and keeping homeowners from filing for insolvency. Khan, who spoke at the Move Smartly Toronto... Read More

Walmart Canada investing $3.5 billion over five years in ‘smarter stores’

Walmart Canada investing $3.5 billion over five years in ‘smarter stores’
MISSISSAUGA, Ont. — Walmart Canada plans to invest $3.5 billion over the next five years with a focus on technology to make so-called “smarter stores.” “The investment will impact every aspect of the business,” the company said in a statement Monday, adding it comes as its Canadian business grows, with grocery and e-commerce gaining “significant momentum.” The spending includes $1.1 billion to build two... Read More

Stirring in the oil patch, Chevron buys Noble for $5 billion

Stirring in the oil patch, Chevron buys Noble for $5 billion
NEW YORK — Chevron will take over Noble Energy for $5 billion in the first big deal announced since the coronavirus pandemic shook the energy sector. Chevron has been shopping for assets since last year and with crude prices down more than 30% this year, it jumped Monday with its all-stock offering for the independent Houston oil and gas driller.... Read More

Analysts split over $45-million drilling partner consolidation by Ensign Energy

Analysts split over $45-million drilling partner consolidation by Ensign Energy
CALGARY — Analysts are split on the wisdom of Ensign Energy Services Inc.’s US$33.4-million move to buy out partner Halliburton Co.’s stake in an international drilling joint venture. The Calgary-based drilling company announced Friday after markets closed that it would buy the 40 per cent it doesn’t already own in Trinidad Drilling International from its American oilfield services partner. The joint... Read More

Aurora to lay off more staff in restructuring of European operations

Aurora to lay off more staff in restructuring of European operations
EDMONTON — Aurora Cannabis Inc. is reorganizing its European operations and cutting some jobs. The Edmonton-based cannabis company says in an email to The Canadian Press that the layoffs will amount to a one-quarter workforce reduction in select countries and in a regional office. Spokeswoman Laura Gallant refuses to specify exactly how many workers or which specific offices are impacted, but says the decision is part of... Read More

Yamana Gold seeks London stock listing to increase access to European investors

Yamana Gold seeks London stock listing to increase access to European investors
TORONTO — Canadian precious metals miner Yamana Gold Inc. says it is in the advanced stages of listing its shares on the London Stock Exchange. It is currently listed on the New York Stock Exchange and the Toronto Stock Exchange. It says a listing in London will increase its exposure to potential European investors who have few other large gold producers... Read More

Wattpad investigating possible data breach, won’t say how many may be impacted

Wattpad investigating possible data breach, won’t say how many may be impacted
TORONTO — Wattpad Corp. is investigating whether there has been a breach of its user data. The online storytelling platform says it has become aware of recent reports suggesting some user data has been accessed without authorization. Toronto-based Wattpad says it is urgently looking into the issue and working to contain and remediate it with assistance from external security consultants, but refused to share with... Read More