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 Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,817.11, down 325.78 points.) Canadian Natural Resources (TSX:CNQ). Down 66 cents, or 2.92 per cent, to $21.94 on 11.4 million shares. Just Energy Group Inc. (TSX:JE). Energy. Down 14 cents, or 28.87 per cent, to 34.5 cents on 10.9 million shares. Bombardier... Read More

Disney delays ‘Black Widow,’ Spielberg’s ‘West Side Story’

Disney delays ‘Black Widow,’ Spielberg’s ‘West Side Story’
NEW YORK — The Walt Disney Co. has further postponed its next mega-movies from Marvel, including “Black Widow,” while also postponing Steven Spielberg’s “West Side Story” a full year in the company’s latest recalibration due to the pandemic. Ten of Disney’s top films shuffled release dates Wednesday, uprooting several of the company’s major fall releases. The Scarlett Johansson Marvel movie... Read More

S&P/TSX composite closes down as gold price sinks to lowest level in two months

S&P/TSX composite closes down as gold price sinks to lowest level in two months
TORONTO — Canada’s main stock index sank midweek as the materials sector lost ground with the price of gold falling to its lowest level in two months. The key materials sector, which includes mining and forestry stocks, fell as metals prices decreased on the strength of the U.S. dollar. The December gold contract was down US$39.20 at US$1,868.40 an ounce... Read More

California moves to end sales of new gas-powered cars

California moves to end sales of new gas-powered cars
SACRAMENTO, Calif. — California will halt sales of new gasoline-powered passenger cars and trucks by 2035, Gov. Gavin Newsom announced Wednesday, a move he says will cut greenhouse gas emissions by 35% in the nation’s most populous state. The proposed rule would not ban people from owning gas-powered cars or selling them on the used car market. But it would... Read More

German Cabinet approves 2021 budget with high borrowing

German Cabinet approves 2021 budget with high borrowing
Germany’s Cabinet on Wednesday approved a 2021 budget that foresees significant borrowing for the second consecutive year as Europe’s biggest economy tries to lessen the fallout of the coronavirus crisis. The budget plan calls for spending of 413.4 billion euros ($485 billion) next year, down from this year’s exceptionally high 508.5 billion euros, a figure which was swollen by spending... Read More

New SUV is next step in VW’s post-scandal electric offensive

New SUV is next step in VW’s post-scandal electric offensive
  FRANKFURT — Volkswagen is unveiling a battery-powered sport-utility vehicle that is headed for global markets including the United States and China, as the company takes a major step forward in its campaign to make electric cars a mass-market choice. The ID.4 combines the battery drive favoured by environmental rules in Europe and China with the compact SUV design that... Read More

Workers at Indigo bookstore vote to unionize, a month after retailer reports losses

Workers at Indigo bookstore vote to unionize, a month after retailer reports losses
MISSISSAUGA, Ont. — Workers at one of Canadian bookstore chain Indigo Books & Music Inc.’s locations in Mississauga, Ont., have voted to unionize. A press release issued by UFCW Canada Local 1006A, one of Ontario’s largest private sector local unions, says workers at the Square One Shopping Centre store voted this week in favour of joining the union. It says... Read More

Nuvei closes TSX’s largest tech IPO ever, raises $805 million in gross proceeds

Nuvei closes TSX’s largest tech IPO ever, raises $805 million in gross proceeds
  MONTREAL — Nuvei Corp. has closed the Toronto Stock Exchange’s largest initial public offering in the technology sector ever, after raising US$805 million in gross proceeds. The Montreal-based payments company made US$730 million and shareholder Novacap Management Inc. made US$75 million from offering up more than 30 million subordinate voting shares at US$26 per share. Nuvei first hoped to... Read More