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 Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange: (15,939.15, up 242.28 points.) Enbridge Inc. (TSX:ENB). Energy. Up five cents, or 0.14 per cent, to $36.46 on 8.2 million shares. Nevada Copper Corp. (TSX:NCU). Materials. Down one cent, or 12.5 per cent, to seven cents on 7.6 million shares. Bank of... Read More

Market debut of Chinese e-finance giant Ant Group postponed

Market debut of Chinese e-finance giant Ant Group postponed
HONG KONG — The planned stock market debut of the world’s biggest online finance company, Ant Group, was suspended in Shanghai and Hong Kong on Tuesday, disrupting a record-setting $34.5 billion initial public offering that highlighted China’s recovery from the coronavirus pandemic. The Shanghai stock exchange cited regulatory changes in Ant’s industry and a possible failure to meet disclosure requirements... Read More

Alberta government introduces legislation to levy tolls on new roads, bridges

Alberta government introduces legislation to levy tolls on new roads, bridges
EDMONTON — The Alberta government has introduced legislation to bring in toll roads and bridges, but just for new projects. Transportation Minister Ric McIver says the bill explicitly prohibits user fees on existing roads and bridges. But he says Alberta is facing a severe financial crunch and needs to find creative ways to finance critical infrastructure. He notes tolls are... Read More

North American stock markets rise on hopes of clear U.S. election result

North American stock markets rise on hopes of clear U.S. election result
TORONTO — North American stock markets rebounded for a second day from last week’s large losses on hopes that the long and contentious U.S. election ends in a clear outcome. The S&P/TSX composite index closed up 242.28 points or 1.5 per cent to 15,939.15 in a broad-based rally. In New York, the Dow Jones industrial average was up 554.98 points... Read More

Feds propose changes to Broadcasting Act that may raise $800-million from streamers

Feds propose changes to Broadcasting Act that may raise $800-million from streamers
Online platforms like Netflix and Spotify may end up spending more than $800 million on Canadian content over the next three years under a series of policy changes the federal government has proposed in a new bill Tuesday. The proposed changes to the Broadcasting Act are meant to ensure online streaming platforms experiencing booming revenues face the same regulations as... Read More

Canadian railways set monthly record by moving 6.3 million tonnes of grain in October

Canadian railways set monthly record by moving 6.3 million tonnes of grain in October
CALGARY — Canada’s two largest railways transported a record monthly total of 6.3 million tonnes of Canadian grain in October. Montreal-based CN Rail ended the month moving 3.27 million tonnes while Canadian Pacific Railway shipped 3.04 million tonnes. It was the first time that both railways exceeded the three million tonne threshold in a month. CP’s total topped its previous... Read More

Vancouver housing market posts second-best October on record as sales rise 29%

Vancouver housing market posts second-best October on record as sales rise 29%
Vancouver home sales were up 29 per cent compared with a year ago in October, making it the second-best October on record, the Real Estate Board of Greater Vancouver said Tuesday. The board said its agents sold 3,687 homes last month, up from 2,858 sold in October 2019. The benchmark price for Vancouver homes hit $1,045,100 in October, up six... Read More

Cruise industry throws in the towel on 2020, looks to 2021

Cruise industry throws in the towel on 2020, looks to 2021
SILVER SPRING, Md. — The cruise industry has jettisoned hopes of restarting operations this year. Days after both Carnival and Norwegian extended a halt on cruises through the end of the year, the group that represents cruise lines with 95% of global ocean-going capacity said Tuesday that its members have agreed to extend the suspension of U.S. sailing operations for... Read More

Bausch Health reports US$71-million Q3 profit, revenue down from year ago

Bausch Health reports US$71-million Q3 profit, revenue down from year ago
LAVAL, Que. — Bausch Health Companies Inc. reported a profit of US$71 million for its third-quarter compared with a loss of US$49 million in the same quarter last year as revenue was hurt by the pandemic. The Quebec-based drug company, which keeps its books in U.S. dollars, says the profit amounted to 20 cents per share for the quarter ended... Read More

Thomson Reuters reports Q3 profit as revenue crept up from year ago mark

Thomson Reuters reports Q3 profit as revenue crept up from year ago mark
TORONTO — Thomson Reuters reported a third-quarter profit compared with a loss in the same quarter a year ago as its revenue also improved. The Toronto-based news and business information services company, which keeps its books in U.S. dollars, says it earned US$241 million or 48 cents per diluted share for the quarter ended Sept. 30 compared with a loss... Read More