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 Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,065.35, up 153.09 points.) Just Energy Group Inc. (TSX:JE). Energy. Down 27.5 cents, or 37.16 per cent, to 46.5 cents on 30.4 million shares. Zenabis Global Inc. (TSX:ZENA). Health care. Down half a cent, or 8.33 per cent, to 5.5 cents on... Read More

Technology and utilities push TSX up to end choppy week of trading; loonie dips

Technology and utilities push TSX up to end choppy week of trading; loonie dips
TORONTO — The technology and utilities sectors pushed Canada’s main stock index higher to end another choppy week. “It’s been very sloppy,” said Colin Cieszynski, chief market strategist at SIA Wealth Management. “It’s very directionless, like the bulls and bears haven’t really had an opportunity to be able to really take control and drive things in either direction.” He said... Read More

Cogeco says its strategy unaltered by costly Rogers promises to invest in Quebec

Cogeco says its strategy unaltered by costly Rogers promises to invest in Quebec
MONTREAL — Cogeco Communications Inc. says its strategy is unaltered by costly promises made to Quebec from Rogers Communications Inc. in the event it succeeds in acquiring the telecom company. Having closed the door to its sale, the Montreal-based company controlled by the Audet family, “remains focused on achieving its profitable growth strategy” and on pursuing its investments, Cogeco said... Read More

B.C. municipalities want province to share cannabis tax money from Feds

B.C. municipalities want province to share cannabis tax money from Feds
A group advocating on behalf of municipalities and some First Nations across B.C. wants the province to share its cannabis excise tax revenue. The Union of B.C. Municipalities’ outgoing president Maja Tait said Friday that 99 per cent of the group’s 189 members voted in favour of seeking a portion of the revenue this week at a convention. The excise... Read More

WestJet tells workers their pay will be cut by half due to wage subsidy changes

WestJet tells workers their pay will be cut by half due to wage subsidy changes
  CALGARY — WestJet Airlines Ltd. is warning workers receiving the federal wage subsidy they will see their pay cut by up to 53 per cent starting Sunday. A company memo sent to WestJetters on Wednesday states that the maximum weekly payment for employees on the Canada Emergency Wage Subsidy will drop to $400 per week, down from $847. In... Read More

Feds offer $50-million fund to film, TV productions struggling to get insurance

Feds offer $50-million fund to film, TV productions struggling to get insurance
  The federal government has announced a temporary new fund to help struggling Canadian film and television productions held up by a lack of COVID-19 insurance. Heritage Minister Steven Guilbeault says the $50-million fund is a short-term measure that will be managed through Telefilm Canada and the Canada Media Fund. The fund will offer productions a maximum compensation of $1.5... Read More

Desk shortage forces people to get creative about workspaces

Desk shortage forces people to get creative about workspaces
NEW YORK — First it was toilet paper. Disinfectant wipes. Beans. Coins. Computers. Now, desks are in short supply because of the coronavirus pandemic. Millions of kids logging onto virtual school this fall has parents scrambling to find furniture for them. It’s a small indignity compared with the kids who don’t even have home internet or computers, but it’s a... Read More

Tourmaline Oil files preliminary prospectus for $252.5M Topaz Energy IPO

Tourmaline Oil files preliminary prospectus for $252.5M Topaz Energy IPO
CALGARY — Topaz Energy Corp., a subsidiary of Tourmaline Oil Corp., has filed a preliminary prospectus to raise $252.5 million through an initial public offering. The offering — which will test the market’s appetite for energy investments —is to generate $217.5 million from treasury shares, along with $35 million from a secondary offering of shares held by majority owner Tourmaline,... Read More

EU Commission appeals after losing Apple $15B tax case

EU Commission appeals after losing Apple $15B tax case
LONDON — The European Commission said Friday it is appealing a court decision that Apple doesn’t have to repay 13 billion euros ($15 billion) in back taxes to Ireland. The appeal comes after the U.S. tech giant scored a big recent legal victory in its long battle with the European Union’s executive Commission, which has been trying to rein in... Read More

North American stock markets down in early trading, loonie edges lower

North American stock markets down in early trading, loonie edges lower
TORONTO — Canada’s main stock index was down in early trading, weighed down by losses in the resource and financial sectors as commodity prices moved lower. The S&P/TSX composite index was down 27.09 points at 15,885.17. In New York, the Dow Jones industrial average was down 108.96 points at 26,706.48. The S&P 500 index was down 11.70 points at 3,234.89,... Read More