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 (16,121.38, down 90.14 points.) NuVista Energy Ltd. (TSX:NVA). Energy. Up one cent, or 1.59 per cent, to 64 cents on 17.9 million shares. Bank of Nova Scotia. (TSX:BNS). Financials. Down 12 cents, or 0.22 per cent, to $55.32 on 15.4 million shares.... Read More

Raucous presidential debate has no lasting impact as North American markets end month

Raucous presidential debate has no lasting impact as North American markets end month
TORONTO — A raucous U.S. presidential debate had little lasting impact on stock markets which ended the worst month since March’s sizable correction. The S&P/TSX composite index closed down 90.14 points to 16,121.38. In New York, U.S. markets were higher on the day but still down for September. The Dow Jones industrial average gained 329.04 points at 27,781.70. The S&P... Read More

Downtown office vacancy rates rising in Canada as commercial subleases flood market

Downtown office vacancy rates rising in Canada as commercial subleases flood market
TORONTO — Office vacancies are rising in Canada as tenants increasingly look to sublet surplus space, a trend one expert called the “canary in the coal mine” for the office real estate market. In its third-quarter report, CBRE Canada said most of the country’s downtown office markets recorded a full percentage point uptick in vacancy rates between July and September.... Read More

Shell plan to cut up to 9,000 jobs could result in 100s of fewer jobs in Canada

Shell plan to cut up to 9,000 jobs could result in 100s of fewer jobs in Canada
CALGARY — Hundreds of Canadian employees of Royal Dutch Shell could be affected by its plan revealed Wednesday to cut between 7,000 and 9,000 jobs worldwide by the end of 2022. The company has 3,500 workers in Canada, accounting for about 4.2 per cent of its global workforce of about 83,000 employees, confirmed Shell Canada spokeswoman Tara Lemay. If the cuts are... Read More

Kinross Gold buys 70% of proposed open pit Alaska gold mine for $125 million

Kinross Gold buys 70% of proposed open pit Alaska gold mine for $125 million
CALGARY — Kinross Gold Corp. is moving to secure additional supply for its Alaska gold operations by buying a controlling interest in the Peak Gold project from Royal Gold, Inc., and Contango Ore, Inc., for $125 million. Toronto-based Kinross has agreed to pay Royal Gold about $66 million for its entire 40 per cent stake and $59.6 million for half... Read More

RBC Ventures’ Ownr acquires tech business Founded Technologies

RBC Ventures’ Ownr acquires tech business Founded Technologies
TORONTO — RBC Ventures business Ownr says it has acquired Founded Technologies. Ownr was founded in 2017 in a bid to simplify the process of registering or incorporating a business, while Founded automates sophisticated legal tasks. RBC spokesman Corey Black says that RBC Ventures will not be sharing the terms or value of the acquisition. The companies, which are both... Read More

S&P/TSX composite index little changed as U.S. stock markets surge higher, loonie up

S&P/TSX composite index little changed as U.S. stock markets surge higher, loonie up
TORONTO — Canada’s main stock index was little changed in late-morning trading, while U.S. stock markets surged higher and the loonie rose. The S&P/TSX composite index was up 1.07 points at 16,212.59. In New York, the Dow Jones industrial average was up 413.44 points at 27,866.10. The S&P 500 index was up 40.74 points at 3,376.21, while the Nasdaq composite... Read More

Retailers reinventing brick-and-mortar stores to lure back wary shoppers

Retailers reinventing brick-and-mortar stores to lure back wary shoppers
HALIFAX — A sparkly jewelry store with interactive displays. An upscale parka retailer with a walk-in freezer. A cosmetics store with virtual makeup to try on. The massive retail reckoning caused by widespread COVID-19-related closures has fast-tracked efforts to turn brick-and-mortar stores into immersive, entertaining spaces that draw customers in. As online shopping continues its meteoric rise, retailers are scrambling... Read More

North American stock markets up in early trading, loonie climbs

North American stock markets up in early trading, loonie climbs
TORONTO — The financial sector and utility stocks helped lift Canada’s main stock index in early trading, while U.S. stock markets also climbed higher. The S&P/TSX composite index was up 45.51 points at 16,257.03. In New York, the Dow Jones industrial average was up 181.33 points at 27,633.99. The S&P 500 index was up 13.36 points at 3,348.83, while the... Read More