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 (16,889.81, up 214.17 points.) Enbridge Inc. (TSX:ENB). Energy. Up 62 cents, or 1.66 per cent, to $38 on 22.6 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Up $1.05, or 5.05 per cent, to $21.85 on 16.9 million shares. Suncor Energy Inc. (TSX:SU).... Read More

Universal and Cinemark agree to shorten theatrical window

Universal and Cinemark agree to shorten theatrical window
  Universal Pictures has struck another deal with a major theatre chain to shorten the theatrical window from three months to as little as 17 days in an effort to adapt to the new business realities of moviegoing. Universal and Cinemark announced Monday a multiyear agreement that guarantees three full weekends, or 17 days, of theatrical exclusivity for Universal and... Read More

Advisory firm says deal would be good for Obsidian but has little chance to proceed

Advisory firm says deal would be good for Obsidian but has little chance to proceed
  CALGARY — Advisory firm Glass Lewis says the proposed hostile takeover of Bonterra Energy Corp. would be good for Obsidian Energy Ltd. shareholders but it has “almost no practical likelihood of being successful.” It recommends investors follow management’s advice and vote next Monday to approve issuing about 72.3 million new shares to buy Bonterra, noting a completed deal would... Read More

Dow sets intraday record, TSX hits nine-month high on reaction to COVID-19 vaccine

Dow sets intraday record, TSX hits nine-month high on reaction to COVID-19 vaccine
TORONTO — The Dow Jones industrial average brushed up against 30,000 points for the first time and Canada’s main stock index climbed to a nine-month high on positive test results for a second potential COVID-19 vaccine. The S&P/TSX composite index closed up 214.17 points to 16,889.81. In New York, the Dow Jones industrial average was up 471.55 points at 29,951.36.... Read More

Business group says lockdown loopholes hurt small retailers, benefit big box stores

Business group says lockdown loopholes hurt small retailers, benefit big box stores
  The head of a business group says lockdown loopholes are emerging as parts of the country step up restrictions to combat COVID-19, allowing some stores to remain open while similar retailers are forced to close. Dan Kelly, president of the Canadian Federation of Independent Business, says only select retailers deemed essential were permitted to remain open during the first... Read More

Industry group says retailers reeling from new restrictions, confusion about closures

Industry group says retailers reeling from new restrictions, confusion about closures
  The head of a national retail industry group says tighter restrictions stemming from stricter public health measures are causing widespread confusion for retailers and consumers across the country. Diane Brisebois, Retail Council of Canada president and CEO, says the lack of clear, harmonized rules — even within the same province — is leaving shoppers unsure about what’s open or... Read More

Endeavour Mining inks deal to buy Teranga Gold for $2.4 billion in shares

Endeavour Mining inks deal to buy Teranga Gold for $2.4 billion in shares
  TORONTO — Endeavour Mining Corp. has signed a deal to buy Teranga Gold Corp. in an all-stock deal valued at about $2.4 billion. Under the plan, Teranga shareholders will receive 0.47 of an Endeavour share for each Teranga share they own. Existing Endeavour shareholders will own 66 per cent of the combined company, while Teranga shareholders will own 34... Read More

Home Depot reunites with HD Supply in deal valued at $8B

Home Depot reunites with HD Supply in deal valued at $8B
  Home Depot is reuniting with former subsidiary HD Supply, buying the company in a deal valued at about $8 billion. The acquisition will give Home Depot a stronger hand in the contractor and professional side of its business, which is booming during the pandemic, just like its more consumer facing, DIY sales. HD Supply is a distributor of maintenance,... Read More

SEC Chair Clayton leaving post as top financial regulator

SEC Chair Clayton leaving post as top financial regulator
WASHINGTON — Jay Clayton, a former Wall Street lawyer who has headed the Securities and Exchange Commission as the financial markets’ top regulator during the Trump administration, is leaving the position at year’s end, the SEC announced Monday. Clayton’s term runs through mid-2021. It is common practice for agency heads or Cabinet members appointed under an outgoing administration to leave... Read More

CREA says October home sales edged back from record high set in September

CREA says October home sales edged back from record high set in September
Home sales in October set a record for the month, even as they fell back from the all-time monthly high set in September, the Canadian Real Estate Association said on Monday, The association said October sales were down 0.7 per cent from September. However, sales last month still set a record for October as they gained 32.1 per cent compared... Read More