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 (16,774.14, up 158.77 points.) Aurora Cannabis Inc. (TSX:ACB). Health care. Down 75 cents, or 6.96 per cent, to $10.03 on 17.9 million shares. Enbridge Inc. (TSX:ENB). Energy. Up 18 cents, or 0.45 per cent, to $39.83 on 10.4 million shares. Suncor Energy... Read More

Most North American stock markets pushed higher by technology sector rebound

Most North American stock markets pushed higher by technology sector rebound
TORONTO — Canada’s main stock index posted another triple-digit gain led by a rebound in the technology sector that also pushed most U.S. stock markets higher. The S&P/TSX composite index closed up 158.77 points to 16,774.14. In New York, the Dow Jones industrial average was down 23.29 points at 29,397.63. The S&P 500 index was up 27.13 points at 3,572.66,... Read More

The Very Good Food Company Announces New Production Facility in Vancouver

The Very Good Food Company Announces New Production Facility in Vancouver
  VANCOUVER  – The Very Good Food Company Inc. (CSE: VERY) announced that it has signed a lease to secure a new production facility in Vancouver, British Columbia. Already built-out as a food production facility by its previous plant-based operator, the Rupert facility comprises approximately 45,000 square feet of production, refrigeration, warehousing, R&D and office space. The Rupert facility is... Read More

Chorus Aviation shares dip after third-quarter results miss analyst expectations

Chorus Aviation shares dip after third-quarter results miss analyst expectations
HALIFAX — Shares of Chorus Aviation Inc. fell as much as 12.7 per cent Wednesday after the regional aviation company reported third-quarter results that missed expectations as it continues to feel the effects of COVID-19. The Halifax-based company’s shares dipped as low as $3.23 before climbing to $3.60 in midday trading, down 10 cents or 2.7 per cent. Chorus said... Read More

Newly listed Topaz Energy forecasts double-digit earnings and output growth in 2021

Newly listed Topaz Energy forecasts double-digit earnings and output growth in 2021
CALGARY — Three weeks after its initial public offering, Topaz Energy Corp. says it expects about 15 per cent growth in royalty production and 38 per cent higher adjusted earnings next year compared with this year. The Calgary company, which listed its shares on the Toronto Stock Exchange in a $250-million IPO, says it expects production will rise to 11,550... Read More

California voters reject revamp to property tax system

California voters reject revamp to property tax system
  SAN DIEGO — California voters rejected a proposal to partially dismantle the state’s 42-year-old cap on property taxes, a move that would have raised taxes for many businesses in a pandemic-hobbled economy. Following Tuesday’s update to the vote count, Proposition 15 had only about 48% support and was trailing by more than a half-million votes. The loss is another... Read More

Future of business travel unclear as virus upends work life

Future of business travel unclear as virus upends work life
For the lucrative business travel industry, Brian Contreras represents its worst fears. A partner account executive at a U.S. tech firm, Contreras was used to travelling frequently for his company. But nine months into the pandemic, he and thousands of others are working from home and dialing into video conferences instead of boarding planes. Contreras manages his North American accounts... Read More

Private equity firm Apollo Global Management buys Great Canadian Gaming

Private equity firm Apollo Global Management buys Great Canadian Gaming
  TORONTO — Great Canadian Gaming Corp. says it has signed a deal to be bought by a U.S. private equity firm that values the casino operator at $3.3 billion. Apollo Global Management Inc. has agreed to pay $39 per share for the company. Great Canadian Gaming shares closed at $28.91 on the Toronto Stock Exchange on Tuesday. It runs... Read More

S&P/TSX composite up more than 100 points, U.S. stock markets also post early gains

S&P/TSX composite up more than 100 points, U.S. stock markets also post early gains
TORONTO — The industrial, telecom and utility sectors helped lead the way higher as Canada’s main stock index posted a triple-digit advance in early trading, while U.S. stock markets also rallied. The S&P/TSX composite index was up 102.62 points at 16,717.99. In New York, the Dow Jones industrial average was up 54.49 points at 29,475.41. The S&P 500 index was... Read More