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 Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,279.36, up 49.13 points.) Air Canada (TSX:AC). Industrials. Up $1.10, or 7.02 per cent, to $16.77 on 7.8 million shares. Suncor Energy Inc. (TSX:SU). Energy. Up 96 cents, or 6.35 per cent, to $16.07 on 6.9 million shares. Bank of Nova Scotia.... Read More

Pandemic hurts AT&T in 3rd quarter; wireless unit stable

Pandemic hurts AT&T in 3rd quarter; wireless unit stable
  NEW YORK — The pandemic continued to hit AT&T through the third quarter as closed theatres, wary U.S. moviegoers and the Hollywood shutdown hurt its WarnerMedia movie and TV business. The Dallas company’s largest division, wireless, was stable. It added 131,000 prepaid phone customers and 645,000 postpaid phone customers, those who pay a regular monthly bill. Analysts on Thursday... Read More

Ottawa provides $100 million to research ways to cut GHG emissions in oil and gas

Ottawa provides $100 million to research ways to cut GHG emissions in oil and gas
  CALGARY — The federal government says it will provide $100 million from its strategic innovation fund over four years to accelerate the development and use of technologies to lower the oil and gas industry’s environmental impact. Innovation, Science and Economic Development Canada says the money will be provided to the Clean Resource Innovation Network, a 1,700-member consortium of companies,... Read More

Goldman Sachs subsidiary pleads to US charges in 1MDB probe

Goldman Sachs subsidiary pleads to US charges in 1MDB probe
WASHINGTON — A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2 billion in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which was looted of billions of dollars in a corruption scandal. The company, Goldman Sachs Malaysia, entered the plea in federal court in Brooklyn. As part of its... Read More

Corus Entertainment reports Q4 profit up from year ago, revenue down

Corus Entertainment reports Q4 profit up from year ago, revenue down
TORONTO — Television and radio broadcaster Corus Entertainment Inc. reported its fourth-quarter profit rose compared with a year ago, even as its revenue fell. The company, which includes Global Television, says it earned $30.3 million in net income attributable to shareholders or 15 cents per diluted share for the quarter ended Aug. 31. That compared with a profit of $22.9... Read More

North American stock markets up in early trading, Rogers helps fuel gains in Toronto

North American stock markets up in early trading, Rogers helps fuel gains in Toronto
TORONTO — Canada’s main stock index was up in early trading, fuelled by gains in the telecom sector after Rogers Communications reported better-than-expected results for the third quarter and its shares popped higher. The S&P/TSX composite index was up 37.61 points at 16,267.84. In New York, the Dow Jones industrial average was up 20.82 points at 28,231.64. The S&P 500... Read More

Rogers Communications Q3 revenue and profit down from year ago, but top expectations

Rogers Communications Q3 revenue and profit down from year ago, but top expectations
TORONTO — Rogers Communications Inc.’s third-quarter profit and revenue fell compared with a year ago due to the COVID-19 pandemic, but the company beat analyst estimates after rebounding from the second quarter. The wireless, cable and media company said Thursday it earned $512 million or $1.01 per diluted share for the quarter ended Sept. 30. That was down from a... Read More

Make sure your home insurance covers renovation risks, experts advise

Make sure your home insurance covers renovation risks, experts advise
CALGARY — Homeowners across the country are spending big bucks to upgrade or enlarge their homes as the reality sinks in that many workers won’t be heading back to the office any time soon due to the ongoing COVID-19 pandemic. However, any renovation plan that doesn’t include a thorough review of one’s home insurance policy is putting that investment at... Read More

Sun Life Financial buying majority stake in U.S. investment manager Crescent Capital

Sun Life Financial buying majority stake in U.S. investment manager Crescent Capital
TORONTO — Sun Life Financial Inc. has signed a deal to acquire a majority stake in Crescent Capital Group LP in an agreement worth up to $450 million. Under the deal, Sun Life will acquire a 51 per cent stake in the alternative credit investment manager for an upfront payment of $370 million and up to an additional $80 million,... Read More

Precision Drilling reports $28.5M Q3 loss, revenue down 56% from year ago

Precision Drilling reports $28.5M Q3 loss, revenue down 56% from year ago
CALGARY — Precision Drilling Corp. says it lost $28.5 million in its latest quarter as revenue fell 56 per cent compared with a year ago. The Calgary-based oilfield services company says the loss amounted to 10 cents per diluted share for the quarter ended Sept. 30. The result compared with a loss of $3.5 million or a penny per diluted... Read More