TC Energy inks deal for Indigenous ownership stake in Keystone XL pipeline

TC Energy inks deal for Indigenous ownership stake in Keystone XL pipeline
CALGARY — Indigenous communities are being given a chance to pursue an ownership interest in the Keystone XL pipeline project, builder TC Energy Corp. announced on Tuesday. The Calgary-based company says a memorandum of understanding has been signed with Natural Law Energy, which represents four First Nations in Alberta and one in Saskatchewan. “Today’s announcement is a testament to what... Read More

Opening week ratings down a whopping 61% for TV

Opening week ratings down a whopping 61% for TV
NEW YORK — The surest sign of how the coronavirus shutdown has devastated the television industry is the fourth−place finish of CBS in what was nominally the first week of a new fall season. The network’s viewership was down a whopping 61% from the premiere week last year, the Nielsen company said. CBS has essentially been America’s favourite television network for two... 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 Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,211.52, down 31.29  points.) Bank of Nova Scotia. (TSX:BNS). Financials. Down 53 cents, or 0.95 per cent, to $55.44 on 7.4 million shares. Suncor Energy Inc. (TSX:SU). Energy. Down 77 cents, or 4.46 per cent, to $16.49 on 6 million shares.... Read More

North American stock markets drift lower on path to first monthly loss since March

North American stock markets drift lower on path to first monthly loss since March
TORONTO — North American stock markets are heading toward their first monthly losses since March’s sharp correction after drifting lower on the penultimate day of trading in September. The S&P/TSX composite index closed down 31.29  points at 16,211.52. In New York, the Dow Jones industrial average was down 131.40 points at 27,452.66. The S&P 500 index was down 16.13 points... Read More

JPMorgan to pay $920M for manipulating bond, metals markets

JPMorgan to pay $920M for manipulating bond, metals markets
NEW YORK — JPMorgan Chase admitted Tuesday to manipulating the markets for precious metals and U.S. Treasuries, agreeing to pay $920 million in fines and penalties for the illegal behaviour. U.S. financial regulators and the Department of Justice said traders at JPMorgan used a tactic known as “spoofing” over an eight-year period. Spoofing is when traders send trading signals into... Read More

Deloitte Canada says that Canada’s economy was headed for slowing growth, even if COVID-19 had never hit

Deloitte Canada says that Canada’s economy was headed for slowing growth, even if COVID-19 had never hit
  TORONTO — A new report by Deloitte Canada says that Canada’s economy was headed for slowing growth in the next decade, even if COVID-19 had never hit. The consulting and audit firm says that boosting the number of hours worked in the economy would reverse Canada’s economic slowdown and lift the pace of yearly economic growth by 50 per... Read More

Air travel rebound is not yet on the radar, border services passenger numbers show

Air travel rebound is not yet on the radar, border services passenger numbers show
Figures from the Canada Border Services Agency show international air travel remains severely depressed due to fallout from the COVID-19 pandemic. The number of passengers arriving at Canadian airports from abroad last week is 93 per cent lower than it was a year earlier, similar to the rest of September and August but slightly up from the spring trough. Travellers... Read More

Deficit on track to hit $330 billion with COVID effects lasting years, says PBO

Deficit on track to hit $330 billion with COVID effects lasting years, says PBO
OTTAWA — The parliamentary budget office says the federal deficit for the year is on track to hit $328.5 billion as a result of COVID-19. That figure released this morning reflects measures announced as of the start of the month, including an estimated $225.9 billion in emergency aid in response to the pandemic. Relative to the size of the economy,... Read More

S&P/TSX composite down as energy sector falls, U.S. stocks also lower

S&P/TSX composite down as energy sector falls, U.S. stocks also lower
TORONTO — Losses in the energy sector helped lead Canada’s main stock index lower in late-morning trading as the price of oil also fell. The S&P/TSX composite index was down 56.42 points at 16,186.39. In New York, the Dow Jones industrial average was down 156.07 points at 27,427.99. The S&P 500 index was down 12.45 points at 3,339.15, while the... Read More

Shopify’s Finkelstein becomes president, Lutke adds product officer role

Shopify’s Finkelstein becomes president, Lutke adds product officer role
OTTAWA — Shopify Inc. says it is shuffling its executives and saying goodbye to a member of its leadership team. In a letter posted on the company’s website, chief executive Tobias Lutke says he will add the role of chief product officer to his existing duties. Lutke says Craig Miller, who currently holds the position, will depart the company on... Read More