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 Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,675.64, up 93.46 points.) Manulife Financial Corp. (TSX:MFC). Financials. Up eight cents, or 0.39 per cent, to $20.80 on 19.4 million shares. Enbridge Inc. (TSX:ENB). Energy. Down 60 cents, or 1.58 per cent, to $37.38 on 19.3 million shares. Suncor Energy Inc.... Read More

Onex earns US$501 million in third quarter as it shakes up portfolio

Onex earns US$501 million in third quarter as it shakes up portfolio
  TORONTO — Onex Corp. says its private equity investments increased in value this year, despite the economic volatility caused by the COVID-19 pandemic. The company, which manages a fund that bought WestJet Airlines Ltd. in a $5-billion deal last December, didn’t announce details about the Calgary-based airline. But overall, Toronto-based investment firm says it earned US$501 million, or US$5.29... Read More

Inter Pipeline hopes to find petrochemical partner in the first half of 2021

Inter Pipeline hopes to find petrochemical partner in the first half of 2021
  CALGARY — Inter Pipeline says it hopes to conclude its search in the first half of next year for a partner in its under-construction Heartland Petrochemical Complex near Edmonton. The Calgary-based company says its third-quarter net income was $38.7 million, or nine cents per share, down from $79.9 million, or 19 cents per share, in the third quarter of... Read More

Feds to give $1.5 billion to help Canadians in hard-hit sectors train for new jobs

Feds to give $1.5 billion to help Canadians in hard-hit sectors train for new jobs
  OTTAWA — Prime Minister Justin Trudeau says the federal government will inject $1.5 billion in job-training support to the provinces and territories to help Canadians in hard-hit industries. Trudeau says the funding will help laid-off workers in sectors like construction, transportation and hospitality re-enter the workforce by bolstering access to skills training and employment services. The money comes at... Read More

Dorel Industries accepts Cerberus-led offer to go private for $14.50 per share

Dorel Industries accepts Cerberus-led offer to go private for $14.50 per share
MONTREAL — Dorel Industries said Friday its board has agreed to a deal that will take the  Montreal-based company private. Under the agreement, a group led by an affiliate of Cerberus Capital Management LP will buy Dorel for $14.50 per share in cash, except for shares owned by members of the Schwartz family, including Dorel’s chief executive officer. The deal... Read More

Cineplex saw 91 per cent fewer moviegoers this summer, sales drop 85 per cent

Cineplex saw 91 per cent fewer moviegoers this summer, sales drop 85 per cent
  TORONTO — Cineplex says its sales this summer were more than 85 per cent lower than summer 2019, as the COVID-19 pandemic contributed to a 91 per cent drop in movie-goers. The Toronto-based theater chain says it ended the third quarter with a net loss of $121.2 million, or $1.91 per share, whereas this time last year, Cineplex had... Read More

Pandemic spending leaves Quebec with $15-billion deficit for fiscal 2020-2021

Pandemic spending leaves Quebec with $15-billion deficit for fiscal 2020-2021
  MONTREAL — For the first time since 2014, the Quebec government expects to run a budget deficit. Pandemic-related spending has pushed the province’s deficit to $15 billion for this fiscal year, Finance Minister Eric Girard said Thursday, as he unveiled Quebec’s second economic update since the 2020-2021 budget was tabled in March. At that point, Quebec was predicting a... Read More

Snow, cold and COVID-19 precautions usher in early ski season in Western Canada

Snow, cold and COVID-19 precautions usher in early ski season in Western Canada
  CALGARY — Western Canadians tired of isolating at home are filling the slopes at mountain ski resorts that are opening earlier than usual as worries rise about surging cases of COVID-19. Two Banff National Park resorts have had their earliest openings on record thanks to abundant snow and cold temperatures needed for machine-made snow — 95-year-old Banff Norquay opened... Read More