Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,018.65, down 152.41) Bombardier Inc. (TSX:BBD.B). Industrials. Down three cents, or 6.19 per cent, to $0.46 on 10.58 million shares. Kelt Exploration Ltd. (TSX:KEL). Energy. Up 17 cents, or 9.44 per cent, to $1.97 on 9.42 million shares. Suncor Energy Inc. (TSX:SU). Energy. Down 93 cents,... Read More

Movie theatres implore studios: Release the blockbusters

Movie theatres implore studios: Release the blockbusters
NEW YORK — A long time ago in a pre-COVID universe far, far away, blockbusters opened around the globe simultaneously or nearly so. In 1975, “Jaws” set the blueprint. Concentrate marketing. Open wide. Pack them in. Since then, Hollywood has turned opening weekends into an all-out assault. Staggered rollouts still happen, of course, but the biggest films are dropped like... Read More

North American stock markets fall, while gold continues to shine

North American stock markets fall, while gold continues to shine
TORONTO — North American stock markets closed in the red today while gold prices continued to soar. The S&P/TSX composite index dropped by 152.41 points to 16,018.65. In New York, the Dow Jones industrial average shed 353.51 points to 26,652.33. The S&P 500 index fell 40.36 points to 3,235.66 while the Nasdaq composite lost 244.71 points to 10,461.42. The Canadian dollar traded for... Read More

Trican Well Service says CEO stepping down, chairman named as replacement

Trican Well Service says CEO stepping down, chairman named as replacement
CALGARY — Trican Well Service Ltd. says Dale Dusterhoft, its president and CEO for the past 11 years, is stepping down. The Calgary-based company says Bradley Fedora will take on the role as of Sept. 1 and that Dusterhoft will continue in his position to assist with the transition until then. Fedora is to give up his current role as chairman of the... Read More

Teck swings to loss as COVID-19 snarls production and dents demand

Teck swings to loss as COVID-19 snarls production and dents demand
Teck Resources Ltd. saw profits fall by 165 per cent last quarter as the COVID-19 pandemic dented demand for its commodities and slashed prices. The second quarter yielded a loss of $149 million for the Vancouver-based miner, which was forced to shut down operations and halt construction at some sites. All mines are now producing, and the company has issued an updated guidance... Read More

Judge withholds making a decision on friendly takeover of Torstar by NordStar

Judge withholds making a decision on friendly takeover of Torstar by NordStar
TORONTO — An Ontario judge has put off a decision on the proposed $60-million friendly takeover of Torstar Corp. The judge says she needs more time to read in detail the documents provided to her late on Wednesday by two groups that want to block the deal with NordStar Capital LP. Court approvals are routinely required by law after shareholders vote on... Read More

Some older personal finance rules may no longer apply, experts say

Some older personal finance rules may no longer apply, experts say
Start saving for retirement in a Registered Retirement Savings Plan as soon as possible. Make sure you’re saving at least 10 per cent of your income. Don’t spend more than a third of each pay check on housing — but don’t rent forever either. Those are some of the financial maxims younger generations hear from well-intentioned parents and other figures in their lives, but experts say that many of those go-to personal... Read More

Cenovus Energy swings to $235-million loss in second quarter on weak oil prices

Cenovus Energy swings to $235-million loss in second quarter on weak oil prices
CALGARY — Cenovus Energy Inc. swung to a $235-million loss in the second quarter reflecting weak crude oil prices early in the quarter that contributed to a plunge in revenues. The oilsands company says its loss amounted to 19 cents per share for the period ended June 30, compared with a profit of $1.45 per share or $1.78 billion a... Read More

Loblaw Q2 profit plunges on pandemic costs despite surging revenues

Loblaw Q2 profit plunges on pandemic costs despite surging revenues
BRAMPTON, Ont. — Loblaw Companies Ltd. says its net income plunged in the second quarter despite surging revenues because of COVID-19 related costs including a temporary pay boost for employees. Canada’s largest grocer says its earnings attributable to shareholders fell 41 per cent to $169 million or 47 cents per diluted share from $286 million or 77 cents per share a... Read More

Precision Drilling Q2 loss surges as pandemic weakens demand for oil

Precision Drilling Q2 loss surges as pandemic weakens demand for oil
CALGARY — Precision Drilling Corp. says its second-quarter loss surged while revenues plummeted as the COVID-19 pandemic caused demand and prices for oil to dwindle. The drilling company says it lost $48.9 million or 18 cents per share for the three months ended June 30, compared with a $13.8-million, five cents per share loss a year earlier. Revenues for the three months... Read More