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 Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,562.81, up 28.27 points.)   Toronto-Dominion Bank (TSX:TD). Financials. Down $1.17, or 1.87 per cent, to $61.54 on 6.79 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down 14 cents, or 2.08 per cent, to $6.59 on 6.51 million shares. Teck Resources... Read More

Future of Ekati Diamond Mine unclear after $166-million sale falls through

Future of Ekati Diamond Mine unclear after $166-million sale falls through
CALGARY — A deal to sell the suspended Ekati Diamond Mine in the Northwest Territories for about $166 million has fallen through after bond issuers refused to go along with it. Owner Dominion Diamond Mines ULC says the offer by two affiliated companies, referred to as a “stalking horse bid,” was rejected by Aviva Insurance Company of Canada, Argonaut Insurance... Read More

Trailing commissions class action against TD Asset Management certified

Trailing commissions class action against TD Asset Management certified
TORONTO — An Ontario law firm says a class action centred on TD Asset Management Inc.’s trailing commissions to discount brokers has been certified. Siskinds LLP says the class action was prompted by a retired dentist investing in mutual funds, who discovered that TD Asset Management was paying trailing commissions to discount brokers like TD Direct Investing for services and... Read More

Ontario real estate association calls for agents to halt open houses

Ontario real estate association calls for agents to halt open houses
TORONTO — The Ontario Real Estate Association is asking agents to halt plans for open houses, as the province reports a record high of 939 new COVID-19 cases on Friday. Open houses resumed in mid-July as part of the province’s Stage 3 reopening plan, which at the time allowed gatherings of 50 people, or 30-per-cent capacity, with physical distancing enforced.... Read More

Front-line retail workers call for the return of COVID-19 pay bump as cases spike

Front-line retail workers call for the return of COVID-19 pay bump as cases spike
HALIFAX — Calls are mounting for the return of hazard pay as workers on the front lines of Canada’s retail industry grow increasingly anxious amid rising COVID-19 cases. While some companies offered so-called hero pay to essential workers at the outset of the pandemic, most wage premiums ended after the first wave. Yet retail workers say morale is lagging as... Read More

Liberals revamp rent relief for businesses hit by COVID-19, expand loan program

Liberals revamp rent relief for businesses hit by COVID-19, expand loan program
OTTAWA — Prime Minister Justin Trudeau says the federal government will provide direct help to businesses hit by the COVID-19 pandemic to help them offset the cost of rent. He says a revamped commercial rent-relief program will cover up to 65 per cent of eligible expenses for companies, and up to 90 per cent for those subject to localized lockdowns.... Read More

Walmart going on hiring spree, adding 10,000 people across the country

Walmart going on hiring spree, adding 10,000 people across the country
TORONTO — Walmart Canada is hiring 10,000 people after announcing a $3.5-billion investment to drive growth. The positions are in e-commerce, fresh food, merchandising, customer experience, warehouse and drivers. Interested applicants can text to obtain an application or apply directly online. The retail giant says the investment over the next five years will lead to the use of advanced technologies... Read More

North American stock markets increase again on stimulus hopes while loonie surges

North American stock markets increase again on stimulus hopes while loonie surges
TORONTO — Canada’s main stock index rose in early trading on gains from the energy and health-care sectors while the loonie surged. The S&P/TSX composite index was up 73.24 points at 16,607.78. In New York, the Dow Jones industrial average was up 145.00 points at 28,455.00. The S&P 500 index was up 20.25 points at 3,457.75, while the Nasdaq composite... Read More

COVID-19 takes bite out of MTY revenues but third-quarter profits remain stable

COVID-19 takes bite out of MTY revenues but third-quarter profits remain stable
MONTREAL — MTY Food Group Inc. reported stable earnings in the third quarter despite lower revenues caused by the impact of COVID-19. The restaurant company behind such brands as Thai Express, Tiki-Ming, Tutti Frutti and Valentine says its net profit was $22.9 million or 93 cents per diluted share, compared with $22.9 million or 91 cents per share a year... Read More