Battle between Garda and Caisse over bids for G4S gets nasty with legal threat

Battle between Garda and Caisse over bids for G4S gets nasty with legal threat
  MONTREAL — A battle between Garda World and Quebec’s largest pension fund manager over each group’s efforts to acquire the world’s leading security firm has escalated with the filing of a legal threat. Garda World’s founder and CEO, Stephane Cretier, says he received a formal legal notice from the Caisse de depot et placement du Quebec a day after... Read More

Los Angeles readies plan for curfew

Los Angeles readies plan for curfew
  Los Angeles County has imposed new restrictions on businesses and is readying plans for a mandatory curfew for all but essential workers if coronavirus cases keep spiking. The county of 10 million residents has seen daily confirmed cases more than double in the last two weeks to nearly 2,900. On Tuesday, it ordered non-essential retail businesses to limit indoor... 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 Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,948.06, up 58.25 points.) Enbridge Inc. (TSX:ENB). Energy. Up 90 cents, or 2.37 per cent, to $38.90 on 18.7 million shares. Royal Bank of Canada. (TSX:RY). Financials. Up $1.71, or 1.68 per cent, to $103.46 on 10.2 million shares. Manulife Financial... Read More

TSX ekes out a gain while U.S. markets take breather from vaccine euphoria

TSX ekes out a gain while U.S. markets take breather from vaccine euphoria
  TORONTO — North American stock markets took a break from COVID-19 vaccine enthusiasm amid concerns around rising infections and expanding lockdowns. On Monday, markets reached multi-month or record highs after Moderna joined Pfizer a week earlier in announcing that their coronavirus vaccines were more than 90 per cent effective in trials. The euphoria was tempered a day later by... Read More

CMHC says annual pace of housing starts climbed higher in October

CMHC says annual pace of housing starts climbed higher in October
  The annual pace of housing starts increased three per cent in October compared with September, Canada Mortgage and Housing Corp. said on Tuesday, although the increase was less than some economists predicted. The seasonally adjusted annual rate of housing starts rose to 214,875 units last month compared with 208,715 in September, the national housing agency said. Economists surveyed by... Read More

Financials help S&P/TSX composite creep higher, U.S. stock markets down

Financials help S&P/TSX composite creep higher, U.S. stock markets down
  TORONTO — Gains in the financial sector helped Canada’s main stock index creep higher in late-morning trading, while U.S. stock markets fell. The S&P/TSX composite index was up 1.19 points at 16,891.00. In New York, the Dow Jones industrial average was down 188.55 points at 29,761.89. The S&P 500 index was down 15.04 points at 3,611.87, while the Nasdaq... Read More

Another booming quarter for Walmart, but sales are slowing

Another booming quarter for Walmart, but sales are slowing
  NEW YORK — Walmart turned out another stellar quarter as the world’s largest retailer powers through a pandemic that has felled other national chains. But sales at stores opened at least a year slowed in the three months that ended with October compared with earlier this year as the pandemic gained ground. Americans spent more per trip when they... Read More

Amazon opens online pharmacy, shaking up another industry

Amazon opens online pharmacy, shaking up another industry
  NEW YORK — Now at Amazon.com: insulin and inhalers. The online colossus opened an online pharmacy Tuesday that allows customers to order medication or prescription refills, and have them delivered to their front door in a couple of days. The potential impact of Amazon’s arrival in the pharmaceutical space rippled through that sector immediately. The stocks of CVS Health... Read More

As the COVID-19 crisis cuts jobs, Canadians cash in on hobbies with ‘side hustles’

As the COVID-19 crisis cuts jobs, Canadians cash in on hobbies with ‘side hustles’
  TORONTO — For Chelsea Hearty and Ian Moores, the recipe for success began with a midnight snack. When the COVID-19 pandemic hit in March, Hearty and Moores, who had worked in food and hospitality, were among the hundreds of thousands of workers who found themselves out of a job and with little to do during lockdown. Moores decided to... Read More

Torstar launches new parcel delivery service for Ontario retailers

Torstar launches new parcel delivery service for Ontario retailers
  TORONTO — The owner of the Toronto Star newspaper is getting into the parcel delivery business with a new courier service targeted at retailers. Torstar Corp. says it has launched Metroland Parcel Services in a bid to help Ontario businesses get packages to consumers in a fast and cost-effective way. The company says the service will utilize Torstar’s contracted... Read More