Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,299.29, up 4.63 points) SOPerior Fertilizer Corp. (TSX:SOP). Basic Materials. Unchanged at $0.03 on 13.54 million shares. Eastmain Resources Inc. (TSX:ER). Basic Materials. Up nine cents, or 51.43 per cent, to nearly $0.27 on 7.4 million shares. Kinross Gold Corp. (TSX:K). Basic Materials.... Read More

Transat cancels most winter flights out of Western Canada due to pandemic

Transat cancels most winter flights out of Western Canada due to pandemic
MONTREAL — Air Transat says it is cancelling all flights from Western Canada to sunshine destinations or the United States this winter, with refunds en route to customers. Tour operator Transat, which owns Air Transat, says in an online notice it is scrubbing routes that were slated to take off from Winnipeg, Calgary, Edmonton, Vancouver and Victoria. The only routes out of western... Read More

Calgary bucks trend of rising home prices in second quarter, says StatCan report

Calgary bucks trend of rising home prices in second quarter, says StatCan report
OTTAWA — Homes prices are higher than a year ago in five of six major markets, according to new data from Statistics Canada. Prices rose in Victoria, Vancouver, Toronto, Ottawa and Montreal in the second quarter, while Calgary home prices sank, according to the Residential Property Price Index. Ottawa saw the biggest pop in home prices, of 13.5 per cent,... Read More

Fight against Nova Scotia’s deficit will need co-operation of labour: premier

Fight against Nova Scotia’s deficit will need co-operation of labour: premier
HALIFAX — Nova Scotia’s premier says public-sector workers will have to dampen their wage expectations in the coming years as the province grapples with a projected $853-million deficit as a result of the COVID-19 pandemic. After five consecutive balanced budgets, Stephen McNeil says he hasn’t changed his view of deficits and work will begin immediately to tackle the new fiscal situation... Read More

Record surge in daily shipping volumes for UPS in Q2

Record surge in daily shipping volumes for UPS in Q2
The pandemic-fueled boom in online shopping shows no signs of slowing down, providing more business for delivery companies like United Parcel Service Inc. UPS said Thursday that shipments from businesses to U.S. consumers soared 65% in the second quarter, helping lift the delivery giant to a $1.77 billion profit. The results were better than expected, and UPS shares jumped 15%... Read More

Husky Energy oil output and refining volumes ramp up as economy recovers

Husky Energy oil output and refining volumes ramp up as economy recovers
CALGARY — Oil production and refining volumes at Husky Energy Inc. are gradually returning to normal after deep cutbacks earlier this year but the company is braced for a “bumpy” recovery, CEO Rob Peabody said Thursday. The Calgary-based energy producer and refiner reported having curtailed about 80,000 barrels per day of mainly heavy oil output at the start of the second quarter as... Read More

New U.S. permit to boost Keystone pipeline oil exports by next year: TC Energy

New U.S. permit to boost Keystone pipeline oil exports by next year: TC Energy
CALGARY — The CEO of TC Energy Corp. says the company will begin moving more oil from Western Canada into the United States by next year under a new U.S. presidential permit for the existing Keystone pipeline system. The permit quietly issued on Wednesday by the Trump administration allows capacity on Keystone to increase by 170,000 barrels per day to about 760,000 bpd, filling a... Read More

Molson Coors sees second-quarter results weaken due to COVID-19 lockdowns

Molson Coors sees second-quarter results weaken due to COVID-19 lockdowns
MONTREAL — Molson Coors Beverage Co. beat expectations even though COVID-19 lockdowns caused its net income and sales to plunge in its most recent quarter. The Montreal-based company, which reports in U.S. dollars, says its net income decreased nearly 41 per cent in the second quarter to $195 million. That equalled 90 cents per share for the three months ended... Read More

DavidsTea to shrink network to 18 stores in Canada after renegotiating leases

DavidsTea to shrink network to 18 stores in Canada after renegotiating leases
MONTREAL — DavidsTea Inc. will shrink its retail store network to 18 Canadian locations as the insolvent beverage chain shutters 82 more stores in the country while dealing with the impact of COVID-19. The Montreal-based company says it is sending out lease termination notices for the stores and expects them to be wound down within the next 30 days. The move comes after DavidsTea closed... Read More

Lack of demand for paper dings sales at Resolute Forest Products

Lack of demand for paper dings sales at Resolute Forest Products
MONTREAL — Resolute Forest Products Inc. saw weaker sales this spring compared with a year ago, as the economic downturn slashed paper shipments by 27 per cent. The Montreal-based company says it earned US$6 million, or seven cents per diluted share, on sales of US$612 million for the three months ending on June 30. That’s down from US$25 million, or 27 cents per diluted... Read More