B.C. adds $660M in tax incentives, reveals details of $1.5 billion recovery plan

B.C. adds $660M in tax incentives, reveals details of $1.5 billion recovery plan
VICTORIA — The British Columbia government announcing $660 million in new tax incentives Thursday and outlined how it will spend another $1.5 billion on economic recovery from the COVID-19 pandemic. The new details build on a suite of previously announced provincial and federal commitments aimed at recharging the economy as an uncertain winter looms. “This recovery plan is just the start, the first... Read More

Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,246.72, down 48.94 points.) Zenabis Global Inc. (TSX:ZENA). Health care. Down 2.5 cents, or 26.32 per cent, to seven cents on 19 million shares. Suncor Energy Inc. (TSX:SU). Energy. Down 11 cents, or 0.61 per cent, to $17.825 on 10 million shares.... Read More

Bank of Canada’s second-in-command Carolyn Wilkins says she won’t seek a second term

Bank of Canada’s second-in-command Carolyn Wilkins says she won’t seek a second term
OTTAWA — Carolyn Wilkins, the second-in-command at the Bank of Canada, won’t seek a second term. The central bank announced the decision on Thursday afternoon, ending weeks of speculation about Wilkins future. Wilkins said in a statement that it has been a privilege to serve Canadians throughout her 20 years at the Bank of Canada, including the last six as... Read More

Emmy winning Felix & Paul Studios, PHI Studio plan tour of high-tech space exhibit

Emmy winning Felix & Paul Studios, PHI Studio plan tour of high-tech space exhibit
MONTREAL — PHI Studio and Emmy-winner Felix & Paul Studios have formed a new joint venture, which will create and market large-scale immersive projects including a travelling exhibition that’s planning a five-year tour of North America and Europe starting in Montreal. Financial terms of their collaboration weren’t included in the announcement Thursday. However, the two Montreal-based companies say their “Infinity:... Read More

Montreal-based Nuvei Corp. IPO makes exchange history with first trading on TSX

Montreal-based Nuvei Corp. IPO makes exchange history with first trading on TSX
Montreal payments company Nuvei Corp. is making history by raising US$700 million through an IPO, the largest amount by a technology company in TSX history. The company’s more than 26.9 million subordinate voting shares were trading to nearly US$34 by early afternoon, well above the US$26 where they were priced and US$20 to US$22 in initial marketing. Nuvei is on... Read More

Teck takes step to carbon neutral status with renewable power deal for Chilean mine

Teck takes step to carbon neutral status with renewable power deal for Chilean mine
VANCOUVER — Mining company Teck Resources Ltd. says it is making another step on its vow to be carbon emission neutral by 2050 by signing a long-term renewable power purchase agreement for its Carmen de Andacollo copper mine in Chile. Under the agreement, the mine will source 72 megawatts (550 gigawatt-hours per year) from AES Gener’s renewable portfolio of wind,... Read More

August US home building slides 5.1% after months of gains

August US home building slides 5.1% after months of gains
WASHINGTON — U.S. housing construction fell a surprising 5.1% in August after three months of strong gains when home builders ramped up projects following a pandemic-induced shutdown in March and April. New homes were started at a seasonally adjusted annual pace of 1.42 million last month after a 17.9% surge in July, the Commerce Department reported Thursday. Applications for building... Read More

North American stock markets down in late-morning trading, loonie falls

North American stock markets down in late-morning trading, loonie falls
TORONTO — Canada’s main stock index was down in late-morning trading, though off its lows of earlier in the day, as the energy and technology sectors lost ground. The S&P/TSX composite index was down 26.60 points at 16,269.06. In New York, the Dow Jones industrial average was down 21.05 points at 28,011.33. The S&P 500 index was down 18.39 points... Read More

Google receives $25M tax break from Nevada to build facility

Google receives $25M tax break from Nevada to build facility
RENO, Nev. — Google will receive more than $25 million in tax breaks after pledging an additional $600 million for a new data centre in southern Nevada, state officials said. The company previously committed $600 million to the data centre in the Las Vegas suburb of Henderson. Google also said it would invest $600 million to build a data centre... Read More