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 (16,448.90, down 249.07 points.) Suncor Energy Inc. (TSX:SU). Energy. Down 10 cents, or 0.48 per cent, to $20.67 on 9 million shares. Air Canada (TSX:AC). Industrials. Down 15 cents, or 0.83 per cent, to $17.95 on 8.9 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Down 43 cents, or 2.19... Read More

North American stock markets plunge on selloff of technology sector

North American stock markets plunge on selloff of technology sector
TORONTO — North American stock markets plunged Thursday, spurred on by a selloff in the overheated technology sector and concerns about the pace of economic recovery. The S&P/TSX composite index closed down 249.08 points at 16,448.89. In New York, the Dow Jones industrial average was down 807.77 points at 28,292.73. The S&P 500 index was down 125.78 points at 3,455.06,... Read More

Consumer debt up 2.8% in second quarter but non-mortgage debt down: Equifax

Consumer debt up 2.8% in second quarter but non-mortgage debt down: Equifax
TORONTO — Credit rating agency Equifax Canada says total consumer debt increased 2.8 per cent to $1.99 trillion in the second quarter amid a strong recovery in the housing market. Rising mortgage balances pushed average debt per person to $73,532, up 2.2 per cent from a year ago. However, non-mortgage debt decreased three per cent nationally to $23,035 as credit cards, auto... Read More

Passengers can now be tested for COVID-19 on arrival at Pearson in Toronto

Passengers can now be tested for COVID-19 on arrival at Pearson in Toronto
TORONTO — Starting today, international travellers arriving at Toronto’s Pearson airport can be tested for COVID-19 as part of a voluntary study to explore the effectiveness of quarantines. The month-long project, run by McMaster HealthLabs, the Greater Toronto Airport Authority and Air Canada, will see participants provide a sample to researchers in the terminal and two more self-collected samples seven... Read More

Think about more than just the rate before locking in a mortgage, experts say

Think about more than just the rate before locking in a mortgage, experts say
OTTAWA — As fixed-rate mortgage rate offerings tumble, those with variable loans thinking about switching over and locking in need to consider more than just the rate, experts say. James Laird, co-founder of Ratehub.ca and president of CanWise, says the rates being offered on fixed-rate mortgages in Canada are the lowest they’ve ever been, so it is logical to consider your options.... Read More

Canada’s economic optimism crippled by pandemic, Pew poll suggests

Canada’s economic optimism crippled by pandemic, Pew poll suggests
WASHINGTON — A new global poll says confidence in the Canadian economy took a dramatic dive over the summer in the midst of the COVID-19 pandemic — a whipsaw pivot sharper than any of the other countries surveyed. Sixty-one per cent of Canadians taking part in the Pew Research Center survey said the current economic situation is bad, more than twice the 27 per... Read More

New Brunswick Liberals promise incentive program for green home renovations

New Brunswick Liberals promise incentive program for green home renovations
FREDERICTON — New Brunswick’s Liberal leader is promising to create an incentive program for home renovations if his party is elected to govern on Sept. 14. While campaigning Thursday in Oromocto, N.B., Kevin Vickers said the program will focus on promoting energy efficiency to help homeowners reduce their monthly bills. “Many New Brunswickers have felt financial pressures and uncertainty due to the... Read More