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 (16,697.97, up 52.98 points.) Suncor Energy Inc. (TSX:SU). Energy. Down 37 cents, or 1.75 per cent, to $20.77 on 17.1 million shares. Whitecap Resources Inc. (TSX:WCP). Materials. Down 12 cents, or 4.38 per cent, to $2.62 on 5.9 million shares. Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down... Read More

North American stock markets rise again to start month amid COVID hopes

North American stock markets rise again to start month amid COVID hopes
TORONTO — North American stock markets posted a second day of gains to start September as optimism about COVID-19 trumped disappointing U.S. private payroll numbers. The S&P/TSX composite index was up 52.98 points at 16,697.97. In New York, the Dow Jones industrial average was up 454.84 points at 29,100.50. The S&P 500 index was up 54.19 points at 3,580.84, while the... Read More

Tech group makes pitch to Liberals as part of wider push to shape recovery plan

Tech group makes pitch to Liberals as part of wider push to shape recovery plan
OTTAWA — A group of tech companies is making a pitch to the federal government to help startups grow as part of a COVID-19 recovery plan, which could in turn cover costs for expanded social programs. The proposal from the Council of Canadian Innovators calls for the Liberals to avoid traditional recovery tools like massive construction spending, in favour of addressing shortfalls... Read More

Gardeners, grillers fuel Dollarama sales surge in Q2, but Halloween an X factor

Gardeners, grillers fuel Dollarama sales surge in Q2, but Halloween an X factor
MONTREAL — Dollarama Inc. enjoyed a seven per cent sales boost and flat profits in its second quarter as Canadians loaded up on seasonal items for home and patio during the pandemic’s summer months — but a potential shift in Halloween buying habits has executives spooked. “Our sales mix reflects the fact that our customers are spending more time at home — think... Read More

United plans to furlough 16,000 workers, fewer than expected

United plans to furlough 16,000 workers, fewer than expected
United Airlines said Wednesday it plans to furlough 16,370 employees in October, down from an earlier target of 36,000 after thousands of workers took early retirement, buyouts, or long-term leaves of absence with the industry facing a slow recovery from the pandemic. Airline officials said the final number could come down further before Oct. 1, when a prohibition on furloughs... Read More

Enterprise Holdings closes deal to buy Discount Car and Truck Rentals

Enterprise Holdings closes deal to buy Discount Car and Truck Rentals
TORONTO — Discount Car and Truck Rentals is officially owned by the parent company of Enterprise Rent-A-Car. Enterprise Holdings Inc. says its Canadian branch has closed its deal to buy Discount’s 300 locations and the Quebec licensee’s daily rental businesses. When the deal was announced at the end of 2019, the privately held, family-owned companies did not disclose financial terms of... Read More

Wilks Brothers to make offer for Calfrac if recapitalization plan rejected

Wilks Brothers to make offer for Calfrac if recapitalization plan rejected
CALGARY — Wilks Brothers LLC says it will make a takeover offer for Calfrac Well Services Ltd. if shareholders reject the company’s recapitalization plan. The Texas-based competitor, which already owns a roughly 20 per cent stake in Calfrac, says it will pay 18 cents per share. Calfrac shares closed at 15 cents on the Toronto Stock Exchange on Tuesday. Calfrac and Wilks... Read More

S&P/TSX composite up in early trading, U.S. markets mixed; Loonie down

S&P/TSX composite up in early trading, U.S. markets mixed; Loonie down
TORONTO — Gains the financial and industrial sectors helped offset losses in the materials sector as Canada’s main stock index rose in early trading. The S&P/TSX composite index up 44.99 points at 16,689.98. In New York, the Dow Jones industrial average was up 178.57 points at 28,824.23. The S&P 500 index was up 14.20 points at 3,540.85, while the Nasdaq... Read More

Keyera names Setoguchi as its next CEO, Smith to retire at the end of 2020

Keyera names Setoguchi as its next CEO, Smith to retire at the end of 2020
CALGARY — Keyera Corp. says president and chief commercial officer Dean Setoguchi will become its next chief executive after David Smith retires from the job at the end of the year. The natural gas pipeline and processing company says Setoguchi will take over the top job and join the company’s board of directors effective Jan. 1, 2021. Setoguchi joined Keyera... Read More

Altice offers $10.3B bid for Cogeco, makes side deal with Rogers Communications

Altice offers $10.3B bid for Cogeco, makes side deal with Rogers Communications
Cogeco Inc. and Cogeco Communications Inc. are facing a $10.3-billion offer that would see its U.S. business scooped up by a New York cable company and its Canadian assets head to long-time shareholder Rogers Communications Inc.. Altice USA Inc. said Wednesday that it has made an offer worth to buy Cogeco Inc. and Cogeco Communications Inc. and struck a side agreement to sell... Read More