Thanks to USMCA, working-class Americans will be integral to future U.S. trade policy

Thanks to USMCA, working-class Americans will be integral to future U.S. trade policy
  WASHINGTON, D.C. — Experts say Donald Trump’s lasting legacy may well be that working-class Americans get more of a say in U.S. trade policy. That could make Canada’s job more difficult when it comes time to seek exemptions from Joe Biden’s proposed new Buy American regime. Biden, the possible president-elect, has already promised measures to ensure domestic workers and... 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 Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,582.18, down 191.96 points.) Enbridge Inc. (TSX:ENB). Energy. Down $1.85, or 4.64 per cent, to $37.98 on 25.4 million shares. Suncor Energy Inc. (TSX:SU). Energy. Down $1.19, or 6.21 per cent, to $17.96 on 11.7 million shares. Aurora Cannabis Inc. (TSX:ACB). Health... Read More

S&P/TSX composite snaps three-day winning streak on growing COVID-19 worries

S&P/TSX composite snaps three-day winning streak on growing COVID-19 worries
TORONTO — Canada’s main stock index snapped a three-day winning streak as growing COVID-19 infections and spreading lockdowns muted optimism over a promising vaccine. The S&P/TSX composite index closed down 191.96 points to 16,582.18. In New York, the Dow Jones industrial average was down 317.46 points at 29,080.17. The S&P 500 index was down 35.65 points at 3,537.01, while the... Read More

Power Corp. third-quarter profits attributable to shareholders surge to $505 million

Power Corp. third-quarter profits attributable to shareholders surge to $505 million
  MONTREAL — Power Corp. says its net profit attributable to shareholders surged more than 40 per cent in the third quarter to $505 million from $359 million a year earlier. The Montreal-based holding company says it earned 75 cents per share for the three months ended Sept. 30, compared with 84 cents per share a year earlier, before its... Read More

Bank of Canada deputy warns of long-lasting pandemic ‘scars’ on economy

Bank of Canada deputy warns of long-lasting pandemic ‘scars’ on economy
OTTAWA — The second-in-command at the Bank of Canada is warning that economic “scars” from the COVID-19 pandemic could become permanent without concerted effort from Canadians in all walks of life. Senior deputy governor Carolyn Wilkins, who is to step down as of Dec. 9, says she realizes that the pandemic remains an important day-to-day concern for governments and policy-makers,... Read More

Castlepoint Numa sells stake in Pinewood Toronto Studios to Bell Media

Castlepoint Numa sells stake in Pinewood Toronto Studios to Bell Media
TORONTO — Castlepoint Numa Inc. says it has sold its minority interest in Pinewood Toronto Studios to majority shareholder Bell Media. Financial terms of the sale were not disclosed. Castlepoint invested in Pinewood Toronto in 2009 in the wake of the financial crisis. Bell Media exercised its right to buy the shares through a right of first offer. Pinewood Toronto... Read More

Telus announces new agriculture technology division

Telus announces new agriculture technology division
  VANCOUVER — Telus Corp. is launching a new agriculture technology division with a goal of transforming the global food system. Telus chief executive Darren Entwistle says the new entity, called Telus Agriculture, can improve decision making by food producers and consumers. It will offer expertise in communications, data collection and artificial intelligence. It already works with more than 1,200... Read More

Champion Iron approves $512.6-million expansion of Bloom Lake mine in Quebec

Champion Iron approves $512.6-million expansion of Bloom Lake mine in Quebec
  MONTREAL — Champion Iron Ltd. says it will move ahead with an expansion of its Bloom Lake open pit mining complex in northeastern Quebec that is expected to double capacity and create 375 new permanent jobs. The company says the project will take capacity to 15 million tonnes of iron ore per year. It has approved spending about $512.6... Read More

S&P/TSX composite down, U.S. stock markets mixed in late-morning trading

S&P/TSX composite down, U.S. stock markets mixed in late-morning trading
TORONTO — Canada’s main stock index was down in late-morning trading amid broad-based losses on the Toronto Stock Exchange, while U.S. stock markets were mixed. The S&P/TSX composite index was down 56.70 points at 16,717.44. In New York, the Dow Jones industrial average was down 134.81 points at 29,262.82. The S&P 500 index was down 11.37 points at 3,561.29, while... Read More

Senators set to question Freeland on bill to provide new rent relief, business aid

Senators set to question Freeland on bill to provide new rent relief, business aid
  OTTAWA — Finance Minister Chrystia Freeland will face questions today from senators scrutinizing the government’s latest bid to provide pandemic aid to hard-hit businesses. Freeland is scheduled to testify early this afternoon to the Senate’s national finance committee that is reviewing the aid bill, known as C-9. The House of Commons agreed last week to pass the proposed package... Read More