October 13, 2020 – Canadian Investor

Canadian Taxpayers Federation says no to another carbon tax

October 13, 2020 CanadianInvestor

The Canadian Taxpayers Federation says Prime Minister Justin Trudeau is getting ready to hammer Canadians with his second carbon tax. “It’s bad enough that Trudeau’s first carbon tax is punishing us for heating our homes, fueling our cars and trying to grow our economy. But now Trudeau is getting ready to make life tougher with his second carbon tax, which... Read More

Apple unveils new iPhones for faster 5G wireless networks

October 13, 2020 CanadianInvestor

Apple unveiled four new iPhones equipped with technology for use with faster new 5G wireless networks around the world, including in Canada. There’s the iPhone 12, with a 6.1-inch display, the same as the iPhone 11 but lighter and thinner, starts at almost US$800 (C$1,129) and the iPhone 12 Mini with a 5.4-inch display at almost US$700 (C$979). A higher-end iPhone... Read More

Most actively traded companies on the Toronto Stock Exchange

October 13, 2020 Editor

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,510.83, down 51.98 points.) Toronto-Dominion Bank (TSX:TD). Financials. Down $1.06, or 1.72 per cent, to $60.48 on 17.6 million shares. Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down 2 cents, less than 0.1 per cent, to $23.43 on 7.61 million shares. Aphria Inc.... Read More

Johnson & Johnson beats 3Q profit views, hikes 2020 forecast

October 13, 2020 CanadianInvestor

Johnson & Johnson boosted revenue slightly and doubled its third-quarter profit, mainly due to a $4 billion charge for litigation costs in the year-ago quarter. The health care giant blew past Wall Street expectations and raised its financial forecast for the year. Meanwhile, the New Brunswick, New Jersey-based company disclosed late Monday that it had to temporarily pause its huge,... Read More

Consumer prices rise 0.2% in September, used vehicles spike

October 13, 2020 CanadianInvestor

SILVER SPRING, Md. — U.S. consumer prices rose slightly in September, led again by sharp increases in the index for used vehicles. The consumer price index rose 0.2% last month, after gaining 0.4% in August, the Labor Department reported Tuesday. Prices for used cars and trucks rose 6.7% in September after a 5.4% gain in August and are now up... Read More

Transat share price shoots up after Air Canada announces revised takeover bid

October 13, 2020 CanadianInvestor

MONTREAL — Transat AT shares rose 24 per cent Tuesday morning after Air Canada said it still plans to buy its smaller rival but at a substantially reduced price due to the collapse of the aviation industry amid COVID-19. Transat stock climbed 90 cents to $4.73 in midday trading, buoyed by Air Canada’s announcement Saturday of an amended deal. The... Read More

S&P/TSX composite down as price of gold falls, U.S. stock markets move lower

October 13, 2020 CanadianInvestor

TORONTO — Canada’s main stock index was down in early trading as the price of gold and gold mining stocks fell and U.S. stock markets moved lower. The S&P/TSX composite index was down 64.34 points at 16,498.47. In New York, the Dow Jones industrial average was down 57.81 points at 28,779.71. The S&P 500 index was down 8.23 points at... Read More

‘I’d be better off going after a bank’: Pot companies beef up security for Croptober

October 13, 2020October 13, 2020 CanadianInvestor

TORONTO — Long before Christina Lake Cannabis purchased its 32 acres of land between two intersecting valleys in B.C.’s lower interior, the mountains above it were firmly established in the annals of pot growing lore. In 2010, the RCMP found 10 or 26 (depending who you ask) black bears defending 1,000 cannabis plants and a house containing a pot-bellied... Read More

IMF envisions a sharp 4.4% drop in global growth for 2020

October 13, 2020 CanadianInvestor

WASHINGTON — The International Monetary Fund foresees a steep fall in international growth this year as the global economy struggles to recover from the pandemic-induced recession, its worst collapse in nearly a century. The IMF estimated Tuesday that the global economy will shrink 4.4% for 2020. That would be the worst annual plunge since the Great Depression of the 1930s.... Read More

Canadian conference centres, airports, stadiums join rush for anti-pandemic status

October 13, 2020 CanadianInvestor

CALGARY — Operators of conference centres, airports and stadiums in Canada are joining a global rush to be certified as pandemic-resistant while they compete for events that will bring billions of dollars in economic benefits to their host cities. Convention centres in Edmonton and Calgary, along with Vancouver’s B.C. Place Stadium and Montreal’s Trudeau International Airport, have reported achieving GBAC... Read More

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