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 (16,298.17, up 299.43 points.) Enbridge Inc. (TSX:ENB). Energy. Up 57 cents, or 1.56 per cent, to $37.12 on 19.4 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up $2.36, or 40.55 per cent, to $8.18 on 17.9 million shares. Suncor Energy Inc.... Read More

Highlights from the Ontario budget unveiled Thursday

Highlights from the Ontario budget unveiled Thursday
Ontario’s Progressive Conservative government presented their first pandemic-era budget Thursday. Here are the highlights: ___ RECORD SPENDING The government’s fiscal plan involves a record $187 billion in expenses, with $30 billion specifically in pandemic-related spending. The province will also have a record deficit of $38.5 billion. The budget lays out three different scenarios that could see the province’s deficit levels... Read More

Software company OpenText sees $103.4M spike in net income in Q1

Software company OpenText sees $103.4M spike in net income in Q1
WATERLOO, Ont. — OpenText Corp. saw a nearly 40 per cent spike in net income in its most recent quarter, as investors continued to rally behind North American tech companies in the wake of COVID-19. The Waterloo, Ont.-based software business, which keeps its books in U.S. dollars, says its net income reached $103.4 million in its first quarter, up from... Read More

Alberta auditor flags $1.6B in government accounting blunders, oversight problems

Alberta auditor flags $1.6B in government accounting blunders, oversight problems
EDMONTON — Alberta’s auditor general has flagged $1.6 billion worth of accounting blunders along with other oversight problems by Premier Jason Kenney’s government. Auditor general Doug Wylie says the mistakes are on big-ticket files including oil-by-rail contracts and the so-called energy war room. He says the errors have been or are being corrected by the United Conservative government, but highlights... Read More

Tax issues can become complicated when selling a cottage

Tax issues can become complicated when selling a cottage
Canadians are out in droves this fall in pursuit of a vacation home or cottage as the country hunkers down for a long winter amid the COVID-19 pandemic. However, both buyers and sellers need to keep tax implications in mind as the rules change when multiple properties are involved, experts say. Jamie Golombek, managing director of tax and estate planning... Read More

Pandemic pushes BCE Q3 profits down 20% from previous year

Pandemic pushes BCE Q3 profits down 20% from previous year
TORONTO — BCE Inc.’s third-quarter profit was down 20 per cent compared with a year ago as its revenue also edged lower due to the COVID-19 pandemic’s impact on its business and its customers. However, the Montreal-based parent of Bell Canada showed improvement from the second quarter when economic activity across most of the country was slowed by the pandemic.... Read More

Canadian Natural Resources reports $408-million third-quarter profit

Canadian Natural Resources reports $408-million third-quarter profit
  CALGARY — Canadian Natural Resources Ltd. says it earned a third-quarter profit of $408 million, down from nearly $1.03 billion in the same quarter last year. The company says the profit amounted to 35 cents per diluted share for the quarter ended Sept. 30, down from 87 cents per diluted share a year ago. However, profit was up from... Read More

Canadian Tire raises quarterly dividend, reports Q3 profit and sales up from year ago

Canadian Tire raises quarterly dividend, reports Q3 profit and sales up from year ago
TORONTO — Canadian Tire Corp. Ltd. raised its dividend as it reported its third-quarter profit and revenue were up compared with a year ago. The retailer says it will pay a quarterly dividend of $1.175 per share, up from $1.1375 per share. The increased payment to shareholders came as Canadian Tire reported a profit attributable to shareholders of $296.3 million... Read More

Bombardier reports US$192M third-quarter profit compared with a loss a year ago

Bombardier reports US$192M third-quarter profit compared with a loss a year ago
MONTREAL — Bombardier Inc. reported net income of US$192 million in its third quarter compared with a net loss of US$91 million in the same quarter last year. The Montreal-based company, which keeps its books in U.S. dollars, says the profit amounted to five cents per diluted share for the quarter ended Sept. 30 compared with a loss of six... Read More

Barrick Gold reports US$882-million third-quarter profit, raises dividend

Barrick Gold reports US$882-million third-quarter profit, raises dividend
TORONTO — Barrick Corp. raised its dividend as its third-quarter profit topped expectations. The Toronto-based gold miner, which keeps its books in U.S. dollars, says it will now pay a quarterly dividend of nine cents per share, up from its previous rate of eight cents. The increased payment to shareholders comes as Barrick says it earned 50 cents per share... Read More