Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,731.49, down 58.48 points) Air Canada (TSX:AC). Industrials. Up 69 cents, or 4.18 per cent, to $17.19 on 9.34 million shares. Baytex Energy Corp. (TSX:BTE). Energy. Up two cents, or 2.94 per cent, to 70 cents on 7.88 million shares. Manulife Financial Corp. (TSX:MFC).... Read More

Toronto index falls on lower gold, oil prices while U.S. stock markets mixed

Toronto index falls on lower gold, oil prices while U.S. stock markets mixed
TORONTO — Canada’s main stock index was pulled lower by losses in the materials and energy sectors as the price of both gold and oil fell. The S&P/TSX composite index was down 58.48 points at 16,731.49. In New York, the Dow Jones industrial average was up 160.35 points at 28,492.27. The S&P 500 index was up 5.82 points at 3,484.55, while the... Read More

Hamilton company snares contract to build 1,150 CN Rail grain cars

Hamilton company snares contract to build 1,150 CN Rail grain cars
MONTREAL — Canadian National Railway Co. has awarded a contract for 1,150 grain cars to National Steel Car Ltd. in Hamilton. The railroad operator says the deal brings to $1 billion the amount it plans to invest in Ontario by the end of 2022, including $250 million to build a proposed logistics hub in Milton. The order for the high-efficiency hopper... Read More

How much should you tip for a meal? Foodies offer advice for the COVID-19 era

How much should you tip for a meal? Foodies offer advice for the COVID-19 era
TORONTO — When Canadians are handed payment terminals when dining out or grabbing takeout, there’s usually a moment of discomfort as they quietly calculate how much to tip while restaurant staff hover nearby. That anxiety has been exacerbated during the COVID-19 pandemic as many restaurants are on the brink of closure while some of their customers have lost their jobs. “Some people take service quite seriously and they... Read More

Staycationers boost BRP profits in pandemic, despite factory shutdowns: CEO

Staycationers boost BRP profits in pandemic, despite factory shutdowns: CEO
VALCOURT, Que. — Sea-Doo maker BRP Inc. says production shutdowns depleted its inventory and dragged down revenues in its second quarter, but rising demand pushed up profits as fun-seekers turned to power sports for pandemic recreation. Net income rose 35 per cent, fuelled by a 40 per cent boost in sales of power sports vehicles — personal watercraft, Ski-Doos, all-terrain vehicles... Read More

Macklem says central bankers must speak simply or risk losing public trust

Macklem says central bankers must speak simply or risk losing public trust
OTTAWA — The head of the Bank of Canada is making an international pitch to his fellow central bankers to better connect with average citizens lest they lose public trust and face an existential crisis. Governor Tiff Macklem said Thursday maintaining trust is key for central banks during the economic crisis caused by COVID-19, as well as for rebuilding once the pandemic passes. He points to... Read More

Financials help lift S&P/TSX composite in early trading, U.S. stock markets mixed

Financials help lift S&P/TSX composite in early trading, U.S. stock markets mixed
TORONTO — Canada’s main stock index ticked higher in early trading, helped by gains in the financial sector in the wake of better-than-expected financial results from TD Bank and CIBC. The S&P/TSX composite index was up 45.12 points at 16,835.09. In New York, the Dow Jones industrial average was up 127.80 points at 28,459.72. The S&P 500 index was up... Read More

Champagne pushes reform in Beirut meeting with Lebanese president

Champagne pushes reform in Beirut meeting with Lebanese president
OTTAWA — Canada’s foreign minister pushed for Lebanon’s president to pursue economic and political reforms as he expressed Canadian solidarity with the embattled Lebanese people. Foreign Affairs Minister Francois-Philippe Champagne met face-to-face today with Lebanese President Michel Aoun in Beirut, before taking a close-up look at the burned-out hulk of the city’s decimated port. Champagne marked the meeting with Aoun... Read More

‘Fiscal reckoning’: Alberta to outline $20B-plus deficit in financial update

‘Fiscal reckoning’: Alberta to outline $20B-plus deficit in financial update
EDMONTON — Albertans are to get a look at the province’s biggest deficit in history when the government releases its financial update today. Alberta Premier Jason Kenney has been warning that the deficit in the first quarter of the fiscal year will be “well north of $20 billion” and won’t be improving any time soon. He says the province has suffered a... Read More