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 Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,304.08, up 24.72 points.) Royal Bank of Canada. (TSX:RY). Financials. Down $1.06, or 1.09 per cent, to $96.29 on 12.9 million shares. Suncor Energy Inc. (TSX:SU). Energy. Up 42 cents, or 2.61 per cent, to $16.49 on 8.6 million shares. Nevada Copper... Read More

Rents fell in Toronto this summer as condo listings surged nearly 114 per cent

Rents fell in Toronto this summer as condo listings surged nearly 114 per cent
  TORONTO — The Toronto Regional Real Estate Board says rental listings more than doubled in the third quarter, as investors pulled their condos from platforms such as Airbnb and put them onto the traditional rental market instead. TRREB says there was a nearly 114-per cent surge in the number of condos listed for rent in Toronto this summer, driving... Read More

Trends that drove lumber prices to record highs will continue, Canfor CEO predicts

Trends that drove lumber prices to record highs will continue, Canfor CEO predicts
The work-from-home trend that drove lumber prices to record levels and helped producer Canfor Corp. realize record high revenues in the third quarter is expected to continue to provide benefits going forward, CEO Don Kayne says. The Vancouver-based company expects strong lumber prices to continue through the end of 2020 despite the recent softening it attributes to seasonal slowdowns. “Pre-pandemic,... Read More

Canadian companies that have filed for creditor protection since COVID-19 pandemic

Canadian companies that have filed for creditor protection since COVID-19 pandemic
TORONTO — A list of some of the companies that have taken steps under the Companies’ Creditors Arrangement Act or Bankruptcy and Insolvency Act since the beginning of the pandemic: Oct. 23: Le Chateau Inc. (apparel retailer) Sept. 14: Mountain Equipment Co-operative (outdoor recreation retailer MEC) Sept. 8: Groupe Dynamite (Garage and Dynamite apparel retailer) Sept. 8: Geox Canada Inc.... Read More

Trial of Russian in alleged bitcoin fraud to wrap in Paris

Trial of Russian in alleged bitcoin fraud to wrap in Paris
  PARIS — French prosecutors requested on Friday a 10-year jail term and a fine of 750,000 euros ($888,634) against Alexander Vinnik, who is accused of being behind a 135 million-euro ($160 million) fraud campaign that used ransomware and the cryptocurrency bitcoin. The 41-year-old Russian, who is also wanted in the United States and Russia, is facing in France charges... Read More

Alberta to stop limits on oil production in December after nearly two years

Alberta to stop limits on oil production in December after nearly two years
CALGARY — Alberta’s UCP government says it will end oil curtailment quotas in December, nearly two years after the previous  NDP government introduced them to support oil prices. The province says it will extend its regulatory authority to continue the program for another year but doesn’t plan to use it after the end of November. It says the monthly curtailments... Read More

S&P/TSX composite edges higher in late-morning trading, U.S. stock markets mixed

S&P/TSX composite edges higher in late-morning trading, U.S. stock markets mixed
TORONTO — Canada’s main stock index edged higher in late-morning trading, helped by gains in the financial sector, while U.S. stock markets were mixed. The S&P/TSX composite index was up 3.46 points at 16,282.82. In New York, the Dow Jones industrial average was down 4.21 points at 28,359.45. The S&P 500 index was up 5.06 points at 3,458.55, while the... Read More

Surging lumber prices prompt record segment profits and surging third-quarter results

Surging lumber prices prompt record segment profits and surging third-quarter results
VANCOUVER — Canfor Corp. says its net profit surged in the third quarter on record lumber earnings that were driven by an unprecedented increase in prices. The Vancouver-based forest products company says it earned $218.1 million or $1.74 per share in the three months ended Sept. 30. That compared with a loss of $88.5 million or 71 cents per share... Read More