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 Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,475.86, up 193.03 points.) Suncor Energy Inc. (TSX:SU). Energy. Up $3.77, or 24.67 per cent, to $19.05 on 33.1 million shares. Air Canada (TSX:AC). Industrials. I[p $4.53, or 28.63 per cent, to $20.35 on 27.2 million shares. Enbridge Inc. (TSX:ENB). Energy. Up... Read More

Biden bad news for Keystone XL, marks new relationship with Canada, experts say

Biden bad news for Keystone XL, marks new relationship with Canada, experts say
  CALGARY — The election of Joe Biden as U.S. president likely spells the end of the Keystone XL oil pipeline, but his environmental agenda could help Canadian energy companies better compete with their American rivals, observers said Monday. Keystone XL is a high-profile target for Biden’s administration and he will likely carry out his campaign pledge to kill it,... Read More

Bains suggests Ottawa may draw on scorned federal loan program for airline bailout

Bains suggests Ottawa may draw on scorned federal loan program for airline bailout
OTTAWA — Innovation Minister Navdeep Bains says a federal loan program little-loved by industry will be among the options Ottawa weighs as it sits down with airline executives to negotiate a government aid package. Bains says the Large Employer Emergency Financing Facility (LEEFF) could play a key role in lifting carriers out of the dire financial straits caused by the... Read More

Unifor members vote to approve new three-year General Motors contract

Unifor members vote to approve new three-year General Motors contract
TORONTO — Unifor says its members at General Motors of Canada have voted 85 per cent in favour of a new three-year contract that will mean the return of production to the automaker’s Oshawa, Ont., assembly plant. The deal covers 1,700 workers in St. Catharines, Ont., Oshawa and Woodstock, Ont. GM’s planned new investments under the agreement will include $1... Read More

Headwater Exploration signs $100M deal to buy Cenovus’s Marten Hills assets

Headwater Exploration signs $100M deal to buy Cenovus’s Marten Hills assets
CALGARY — Headwater Exploration Inc. has signed a deal with Cenovus Energy Inc. to buy Cenovus’s assets in the Marten Hills area of northern Alberta for approximately $100 million in cash and stock. Under the deal, Headwater says it will acquire 2,800 barrels per day of medium oil production and 270 net sections of rights in the Clearwater formation. The... Read More

Air Canada looks to government aid, cargo and fleet cuts to stem $685-million loss

Air Canada looks to government aid, cargo and fleet cuts to stem $685-million loss
Air Canada is trimming the number of planes in its fleet and looking to grow its cargo business as the airline wrestles with a drop of 88 per cent fewer paying passengers than last summer due to the COVID-19 pandemic. On Monday, the Montreal-based airline said it lost $685 million, or $2.31 per diluted share, in the three months ending... Read More

TikTok’s first Canadian GM shares how the app plans to find its groove in the market

TikTok’s first Canadian GM shares how the app plans to find its groove in the market
TORONTO — When President Donald Trump was ramping up his efforts to ban social media platform TikTok in the U.S. over security concerns earlier this year, the company behind the Chinese-bred app was quietly making inroads in another market: Canada. TikTok, a smartphone app for making and watching short videos, spent the last few months setting up an office in... Read More