Day: 24 July 2020

Most actively traded companies on the TSX

Editor
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,018.65, down 21.59) Bombardier Inc. (TSX:BBD.B). Industrials. Down 2.5 cents, or 5.49 per cent, to $0.43 on 11.31 million shares. Battle North Gold Corp. (TSX:BNAU). Materials. Up 19 cents, or 10.86 per cent, to $1.94 on 10.54 million shares. Northern Dynasty Minerals Ltd. (TSX:NDM). Materials. Down 34... Read More

Goldman Sachs and Malaysia reach $3.9B settlement over 1MDB

CanadianInvestor
Goldman Sachs and Malaysia reach $3.9B settlement over 1MDB
KUALA LUMPUR, Malaysia — Malaysia’s government said Friday it has reached a $3.9 billion settlement with Goldman Sachs in exchange for dropping criminal charges against the bank over bond sales that raised money for the 1MDB sovereign wealth fund, which was looted of billions of dollars in a massive scandal. Malaysian and U.S. prosecutors had alleged that the bond sales... Read More

Canfor earns $60.7 million in Q2 due to improved demand and prices

CanadianInvestor
Canfor earns $60.7 million in Q2 due to improved demand and prices
VANCOUVER — Canfor Corp. says its results turned positive in the second quarter on a large reversal of a writedown in its lumber operations due to improved demand and prices towards the end of the quarter. The Vancouver-based forest products firm says it earned $60.7 million or 48 cents per share in the three months ended June 30, compared with... Read More

Newfoundland and Labrador deficit soars to $2.1 billion for fiscal 2020-21

CanadianInvestor
Newfoundland and Labrador deficit soars to $2.1 billion for fiscal 2020-21
ST. JOHN’S, N.L. — Declining oil revenues coupled with costs associated with the COVID-19 pandemic has Newfoundland and Labrador projecting a $2.1-billion deficit for fiscal 2020-21 — an increase of $1.35 billion from last year’s budget. The grim figure was presented in a fiscal update delivered Friday by Finance Minister Tom Osborne, ahead of a budget expected in September. “We have been clear for... Read More

Consumers flocked to online shopping as pandemic hit, with e-commerce sales up 99%

CanadianInvestor
Consumers flocked to online shopping as pandemic hit, with e-commerce sales up 99%
OTTAWA — Canadian consumers flocked to online shopping as the measures to combat the COVID-19 pandemic were enacted, according to a Statistics Canada report. A new report from the agency found that total retail sales fell by 17.9 per cent as Canadians increasingly sheltered in place between February and May and brick-and-mortar stores closed their doors. Even so, shoppers rushed... Read More

North American stock markets down in morning trading; gold surpasses US$1,900

CanadianInvestor
North American stock markets down in morning trading; gold surpasses US$1,900
TORONTO — North American stock markets fell in late morning trading on growing tensions between the U.S. and China as the price of gold surpassed US$1,900 per ounce for the first time since 2011. The S&P/TSX composite index was down 35.60 points at 15,983.05. In New York, the Dow Jones industrial average was down 58.57 points at 26,593.76. The S&P... Read More