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 (15,586.57, down 434.37 points.) Husky Energy Inc. (TSX:HSE). Energy. Down 24 cents, or 6.3 per cent, to $3.57 on 15.4 million shares. Cenovus Energy Inc. (TSX:CVE). Energy. Down 18 cents, or 3.77 per cent, to $4.59 on 15.2 million shares. Barrick Gold... Read More

Sobeys CEO calls competitors’ fee increases on suppliers ‘just plain bad for Canada’

Sobeys CEO calls competitors’ fee increases on suppliers ‘just plain bad for Canada’
TORONTO — The head of Sobeys Inc. says the grocer won’t follow its Canadian competitors in unilaterally hiking supplier fees, calling the practice “hard to believe and repugnant.” Michael Medline, president and chief executive of Sobeys and its parent company Empire Company Ltd., says the decision by some grocery chains to impose fee increases on suppliers has left consumer goods... Read More

Toronto city councillors unanimously approve extending patio season through winter

Toronto city councillors unanimously approve extending patio season through winter
Toronto city council has approved a measure to extend the city’s outdoor dining season through the winter months. At a meeting on Tuesday, councillors unanimously approved a motion to extend the CafeTO program until mid-April. Mayor John Tory had made the move a priority, saying it’s needed to support the city’s restaurant industry. Restaurant operators, however, have expressed doubt that... Read More

Qatar apologizes, investigates forced female airport examinations

Qatar apologizes, investigates forced female airport examinations
DUBAI, United Arab Emirates — Qatar apologized Wednesday after authorities forcibly examined female passengers from a Qatar Airways flight to Sydney to try to identify who might have given birth to an abandoned newborn baby, even as Australia said it was only one of 10 flights subjected to the searches. Under pressure after Australia condemned the searches, Qatar said it... Read More

Fox News Channel leads cable networks, averaging 5.16 million viewers in prime time

Fox News Channel leads cable networks, averaging 5.16 million viewers in prime time
  NEW YORK — Fox News Channel’s Tucker Carlson recorded the most-watched month ever for a cable news program. October has also represented the most-watched month in prime time for both CNN and MSNBC. Behind the World Series, Fox was the most popular broadcast network in prime time, averaging 8.2 million viewers. NBC had 5.8 million viewers, ABC had 4.6... Read More

Italian regulator investigates Google over digital ads

Italian regulator investigates Google over digital ads
ROME — Italian regulators opened an investigation Wednesday into Google over alleged abuse of its dominant role in the country’s online ad market, adding to the global scrutiny that the Silicon Valley company is facing. The Italian Competition Authority said it suspects the U.S. tech giant of using the vast amounts of data it collects through its various services to... Read More

North American stock market down amid COVID-19 worries, loonie down

North American stock market down amid COVID-19 worries, loonie down
TORONTO — North American stock markets were in retreat in late-morning trading amid worries about rising COVID-19 cases. The S&P/TSX composite index was down 351.85 points at 15,669.09 as commodity prices tumbled. In New York, the Dow Jones industrial average was down 775.45 points at 26,687.74. The S&P 500 index was down 95.49 points at 3,295.19, while the Nasdaq composite... Read More

Amazon launches Swedish site in 1st leg of Nordic expansion

Amazon launches Swedish site in 1st leg of Nordic expansion
STOCKHOLM — Amazon has launched a website in Sweden as the first leg of a long-anticipated expansion into the tech-savvy Nordic region that is expected to have a major long-term impact on brick-and-mortar stores and e-commerce. The U.S. e-commerce giant said Wednesday that Swedish customers can shop for more than 150 million products in 30 categories on amazon.se. “Today is... Read More

General Electric’s 3Q adjusted profit surprises Wall Street

General Electric’s 3Q adjusted profit surprises Wall Street
General Electric narrowed its losses in its third quarter as it trimmed expenses and managed to post an adjusted profit that surprised Wall Street. GE lost $1.19 billion, or 14 cents per share, for the three months ended Sept. 30. A year earlier the Boston-based company lost $9.47 billion, or 15 cents per share. Earnings, adjusted for one-time costs and... Read More

Bank of Canada holds rate steady, says COVID-19 economic recovery likely by 2022

Bank of Canada holds rate steady, says COVID-19 economic recovery likely by 2022
OTTAWA — The Bank of Canada kept its key interest rate on hold Wednesday as it said the country’s economy won’t fully recover what was lost to COVID-19 until 2022, with the road to there dependent on the path of the pandemic. In July, the Bank of Canada said it believed the country had been spared from a worst-case scenario.... Read More