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 (16,455.40, down 55.43 points). Toronto-Dominion Bank (TSX:TD). Financials. Down 45 cents, or 0.74 per cent, to $60.03 on 14.38 million shares. Kinross Gold Corp. (TSX:K). Materials. Up 37 cents, or 3.1 per cent, to $12.29 on 10.29 million shares. Suncor Energy Inc.... Read More

TD Bank files lawsuit against Plaid, accusing it of trademark infringement

TD Bank files lawsuit against Plaid, accusing it of trademark infringement
TORONTO — TD Bank Group’s U.S. subsidiary has filed a lawsuit against Plaid Technologies Inc., accusing the San Francisco-based data aggregator of unlawfully using its logo to trick users into handing over personal data that can later be monetized. In court records, the bank accuses Plaid of creating a user interface for financial services applications that infringes on the bank’s... Read More

Aritzia posts quarterly loss as it recovers from pandemic prompted store closures

Aritzia posts quarterly loss as it recovers from pandemic prompted store closures
VANCOUVER — Fashion retailer Aritzia Inc. says stores reopened after the COVID-19 pandemic lockdowns eased staged a remarkable comeback in its latest fiscal quarter but the company still posted lower revenue and profits than in 2019. The Vancouver-based company behind the TNA, Babaton and Wilfred brands reports net revenue fell by 17 per cent to $200 million in the 13-week... Read More

BoC deputy: pandemic means central banks must ‘move faster’ on digital currency plans

BoC deputy: pandemic means central banks must ‘move faster’ on digital currency plans
OTTAWA — A Bank of Canada official says pandemic-related shifts in how people shop means central banks must speed up work on creating their own digital currencies. COVID-19 has meant more people are shopping online, and foot traffic for brick-and-mortar storefronts hasn’t caught up to pre-pandemic levels for many small and medium-sized businesses. Bank of Canada deputy Timothy Lane says... Read More

Restaurant Brands expects to report Q3 revenue between US$1.32B and US$1.34B

Restaurant Brands expects to report Q3 revenue between US$1.32B and US$1.34B
TORONTO — Restaurant Brands International Inc. says it expects to report third-quarter revenue between US$1.32 billion and US$1.34 billion. The parent company of Tim Hortons, Burger King and Popeyes says the preliminary estimate comes as 96 per cent of its restaurants were open in September. Adjusted earnings before interest, taxes, depreciation and amortization are expected to be between US$555 million... Read More

WestJet cutting flights to Atlantic Canada, laying off staff

WestJet cutting flights to Atlantic Canada, laying off staff
CALGARY — WestJet Airlines Ltd. is suspending operations to four cities in Atlantic Canada and reducing service to others in the region as the pandemic continues to take a toll on the airline industry. WestJet said Wednesday it will indefinitely halt routes to Fredericton, Moncton, N.B, Sydney, N.S., and Charlottetown, while paring down service to Halifax and St. John’s, N.L.... Read More

US wholesale prices up 0.4% in September as food costs surge

US wholesale prices up 0.4% in September as food costs surge
  WASHINGTON — U.S. wholesale prices jumped 0.4% in September as food costs rose by the largest amount since May. The Labor Department said Wednesday that the September increase in its producer price index, which measures inflation before it reached the consumer, followed a 0.3% rise in August and a 0.6% surge in July which had been the biggest monthly... Read More

Wealthsimple raises $114 million in latest round as valuation hits $1.4 billion

Wealthsimple raises $114 million in latest round as valuation hits $1.4 billion
  TORONTO — Online investment firm Wealthsimple says it has raised $114 million from a group investors led by U.S. technology venture capital firm TCV in a deal that values the company at $1.4 billion. The firm says it will use the new cash to help grow its market position, build on its product offerings and grow its team in... Read More