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 (16,199.25, up 14.71 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 45 cents, or 2.9 per cent, to $15.95 on 10.4 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Unchanged at 34 cents on 6.3 million shares. Canadian Natural Resources (TSX:CNQ). Up 19 cents, or... Read More

RBC announces new restrictions on financing coal, oil developments

RBC announces new restrictions on financing coal, oil developments
Canada’s largest bank is putting new restrictions on lending to some fossil fuel developments. In a release today, RBC says it won’t lend money to new coal-fired power generation, thermal coal mines or coal mines that require mountaintop removal. The bank says it won’t finance clients that get most of their revenue from coal-fired power generation or thermal coal mines.... Read More

B.C. court approves sale of struggling outdoor equipment retailer MEC to U.S. firm

B.C. court approves sale of struggling outdoor equipment retailer MEC to U.S. firm
A B.C. court has approved the sale of struggling outdoor recreation retailer Mountain Equipment Co-op to a U.S. private investment firm. In an oral ruling Friday, B.C. Supreme Court Justice Shelley Fitzpatrick accepted the sale of MEC to California-based Kingswood Capital Management. She also dismissed an application by the Save MEC group to delay the sale by two weeks, part... Read More

Aurora increases executive compensation after layoffs, $3.3 billion in losses

Aurora increases executive compensation after layoffs, $3.3 billion in losses
Aurora Cannabis Inc. handed out millions in compensation and salary increases to executives as the company was laying off more than 1,000 workers and reporting billions in losses. The Edmonton-based cannabis company’s management proxy circular released this week ahead of the company’s annual meeting in November shows all six of its named executive officers — a company’s most highly compensated... Read More

Tesla sales surge as global demand picks up speed

Tesla sales surge as global demand picks up speed
Tesla’s third-quarter sales jumped 44% as global demand for its electric vehicles outpaced that of most other automakers. The company reported Friday that it had delivered 139,000 SUVs and sedans from July through September, compared with 97,000 deliveries during the same period a year ago. The sales topped even some of the most optimistic projections coming from Wall Street. Analysts... Read More

Airbnb to block one-night bookings on Halloween weekend to discourage partying

Airbnb to block one-night bookings on Halloween weekend to discourage partying
TORONTO — If you’re looking for a place to stay over the Halloween weekend, your options may be limited. Airbnb said it will take extra steps to prevent Halloween parties at short-term rental homes, including blocking one-night reservations of entire homes in the U.S. and Canada on Friday, Oct. 30, and Saturday, Oct. 31. The company says the restrictions are... Read More

Painted Pony shareholders approve sale to Canadian Natural Resources

Painted Pony shareholders approve sale to Canadian Natural Resources
CALGARY — Shareholders in Calgary-based Painted Pony Energy Ltd. have approved its sale to much larger Canadian Natural Resources Ltd. for 69 cents per share. The company says more than 86 per cent of its shares were voted in favour of the friendly takeover deal announced in August through which Canadian Natural will pay $111 million in cash and assume... Read More