Leader of independent ISPs urges big reform of internet pricing

Leader of independent ISPs urges big reform of internet pricing
OTTAWA — A leading member of Canada’s independent internet industry says it’s time to reform a regulatory system that is delaying the introduction of more competitive pricing. The comments were directed at the CRTC and federal government at an annual event organized by the Competitive Network Operators of Canada. CNOC’s members are currently locked in a protracted battle over the... Read More

Stingray Q2 profit more than doubles despite lower radio revenues from COVID-19

Stingray Q2 profit more than doubles despite lower radio revenues from COVID-19
MONTREAL — Stingray Group Inc. says its net income more than doubled in its second quarter despite a 16 per cent drop in revenues. The Montreal-based company said it earned $11.9 million or 16 cents per share in the three months ended Sept. 30, up from $5.2 million or seven cents per share a year earlier. Adjusted profits rose 31.4... Read More

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: (15,998.74, up 59.59 points.) Enbridge Inc. (TSX:ENB). Energy. Up nine cents, or 0.25 per cent, to $36.55 on 28.3 million shares. Suncor Energy Inc. (TSX:SU). Energy. Down three cents, or 0.19 per cent, to $15.62 on 16.49 million shares. Manulife Financial Corp.... Read More

Aphria to buy U.S. craft brewer in US$300-million deal that may help with expansion

Aphria to buy U.S. craft brewer in US$300-million deal that may help with expansion
LEAMINGTON, Ont. — Aphria Inc. says it will acquire SweetWater Brewing Company in a US$300-million deal. The Leamington, Ont.-based cannabis company says the Atlanta, Georgia craft beer company will help it expand into the U.S. and access the market more quickly in the event of federal legalization. SweetWater will become a wholly-owned subsidiary of Aphria through the deal and will... Read More

TSX misses out as U.S. stock markets surge on gridlock result from U.S. election

TSX misses out as U.S. stock markets surge on gridlock result from U.S. election
TORONTO — U.S. stock markets surged higher in the aftermath of a close U.S. election that will likely result in a continuation of divided government, while Canada’s main index was held back as the shine came off gold. The S&P/TSX composite index closed up 59.59 points to 15,998.74. The Dow Jones industrial average gained 367.63 points to 27,847.66. The S&P... Read More

North American stock markets surge on continued gridlock following U.S. election

North American stock markets surge on continued gridlock following U.S. election
TORONTO — North American stock markets surged higher in the aftermath of a close U.S. election that will likely result in a continuation of a divided government. “A split Congress is a recipe for inaction when it comes to major initiatives and potentially sweeping regulations. So investors interpret that as kind of maintaining the status quo,” said Angelo Kourkafas, an... Read More

Services sector expands for fifth straight month

Services sector expands for fifth straight month
SILVER SPRING, Md. — The U.S. services sector, where most Americans work, registered its fifth consecutive month of expansion in October. The Institute for Supply Management reported Wednesday that its index of services activity ticked down to a reading of 56.6 last month, from September’s reading of 57.8. Any reading above 50 signifies expansion in services industries such as restaurants,... Read More

Debut of Chinese e-finance giant derailed by fear of risks

Debut of Chinese e-finance giant derailed by fear of risks
BEIJING — The world’s biggest online finance company was racing toward a stock market debut when it was derailed by Beijing’s anxiety about risks in the fledgling industry, jarring global investors and deepening uncertainty about China’s financial markets. Regulators suspended Ant Group’s record-setting $34.5 billion stock offering two days before trading was due to start in order to “maintain the... Read More

Toronto home sales rise 25 per cent year-over-year, breaking October record

Toronto home sales rise 25 per cent year-over-year, breaking October record
TORONTO — The Toronto Regional Real Estate Board says its agents sold a record 10,563 homes in October, a 25.1 increase from October 2019 as the housing market recovers from spring’s COVID-19 slowdown. The board says the average selling price for homes was $968,318 in October, 13.7 per cent higher than last October’s average of $851,877. TRREB’s chief market analyst... Read More

Dubai’s budget carrier to start regular flights to Tel Aviv

Dubai’s budget carrier to start regular flights to Tel Aviv
  DUBAI, United Arab Emirates — Dubai’s budget carrier flydubai said Wednesday that it would start flying twice daily to Tel Aviv later this month, becoming the first Emirati airline to announce regular service after a U.S.-brokered deal to normalize relations between the United Arab Emirates and Israel. Direct flights on flydubai between Dubai and Tel Aviv, two of the... Read More