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 (16,274.07, down 164.68 points.) Enbridge Inc. (TSX:ENB). Energy. Down 55 cents, or 1.42 per cent, to $38.31 on 10.2 million shares. Toronto-Dominion Bank. (TSX:TD). Financials. Down $1.07, or 1.77 per cent, to $59.35 on 8.5 million shares. Manulife Financial Corp. (TSX:MFC). Financials.... Read More

Alberta cuts deal on municipal oilpatch levies; not on unpaid property taxes

Alberta cuts deal on municipal oilpatch levies; not on unpaid property taxes
EDMONTON — Alberta has announced a three-year deal that it says will prevent municipal taxes and levies from harming its already battered energy industry. But the deal leaves unresolved the issue of rural property taxes that some companies have refused to pay — taxes that totalled $173 million by last January. Municipal Affairs Minister Tracy Allard says the industry will... Read More

Kirkland Lake drills bonanza gold at Macassa Mine

Kirkland Lake drills bonanza gold at Macassa Mine
  Kirkland Lake Gold Ltd.  has released new drill results from 135 holes (47,683 metres) of underground exploration drilling from the Macassa Mine in Kirkland Lake, Ontario. Holes in the program were completed from platforms located on the 5300, 5600 and 5700 levels and designed mainly to confirm and extend resources within the SMC, LSMC and Amalgamated zones. Resources... Read More

FCA workers approve Unifor deal to retool Windsor plant for making electric vehicles

FCA workers approve Unifor deal to retool Windsor plant for making electric vehicles
WINDSOR, Ont. — Unionized workers at Fiat Chrysler Automobiles Canada have voted to approve a new three-year contract, Unifor said Monday. About 78 per cent of votes were in favour of the deal, according to the union. The deal, which was announced last week and voted on over the weekend, will add about 2,000 new jobs by 2024, helping the... Read More

BCE says Bell group president Wade Oosterman to lead Bell Media starting next year

BCE says Bell group president Wade Oosterman to lead Bell Media starting next year
MONTREAL — BCE Inc. says Wade Oosterman, Bell group president and vice-chair, will assume operational leadership of Bell Media next year. Oosterman will take on the responsibilities following the departure of Bell Media president Randy Lennox on Jan. 4. BCE also said that Devorah Lithwick will become chief brand officer in January, as Oosterman who holds the title now focuses... Read More

Nokia to build moon’s first 4G cell network for NASA program

Nokia to build moon’s first 4G cell network for NASA program
LONDON — Nokia says it has been tapped by NASA to build the first cellular communications network on the moon. The Finnish telecommunications equipment maker said Monday its Nokia Bell Labs’ division will build a 4G communications system to be deployed on a lunar lander to the Moon’s surface in late 2022. NASA is awarding $370 million to 14 companies... Read More

ConocoPhillips buying Concho in $9.7B all-stock deal

ConocoPhillips buying Concho in $9.7B all-stock deal
ConocoPhillips is buying shale producer Concho Resources in an all-stock deal valued at $9.7 billion. Concho’s common stock will be exchanged for a fixed ratio of 1.46 shares of ConocoPhillips shares. The combined business will have an enterprise value of approximately $60 billion and a combined resource base of approximately 23 billion barrels of oil equivalent. The companies said Monday... Read More

Private equity firm Sandpiper wins support of Artis REIT’s largest unitholder

Private equity firm Sandpiper wins support of Artis REIT’s largest unitholder
TORONTO — The private equity firm that is trying to replace the board at Artis Real Estate Investment Trust says it has won the support of the trust’s largest unitholder. Jetport Inc., owner of a 13.3 per cent stake in Artis, says it plans to vote in favour of the five Sandpiper Group nominees to the board as well as... Read More

North American stock markets rise to start the trading week, loonie climbs

North American stock markets rise to start the trading week, loonie climbs
TORONTO — Canada’s main stock index edged higher in early trading, boosted by gains in the technology sector, while U.S. stock markets also rose. The S&P/TSX composite index was up 3.35 points at 16,442.10. In New York, the Dow Jones industrial average was up 71.95 points at 28,678.26. The S&P 500 index was up 16.90 points at 3,500.71, while the... Read More

Non-essential travel restrictions at Canada-U.S. border extended to at least Nov. 21

Non-essential travel restrictions at Canada-U.S. border extended to at least Nov. 21
WASHINGTON, Wash. — Restrictions on non-essential travel between Canada and the United States are being extended until at least Nov. 21. Public Safety Minister Bill Blair confirmed the news today on Twitter. Incidental travel — vacations, day trips and cross-border shopping excursions — has been forbidden since March in an effort to limit the spread of COVID-19. The restrictions do... Read More