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 (16,889.82, down 58.24 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 14 cents, or 0.7 per cent, to $20.11 on 12.5 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 3.33 per cent, to 31 cents on 11.7 million shares. Trevali Mining... Read More

Drilling forecast calls for 14 per cent rebound in 2021 from depths of 2020 activity

Drilling forecast calls for 14 per cent rebound in 2021 from depths of 2020 activity
  CALGARY — The organization that represents Canadian drilling contractors is forecasting a 14 per cent increase in the number of oil and gas wells to be drilled in Canada in 2021 compared with the historic lows this year. The Canadian Association of Oilwell Drilling Contractors says it expects 3,771 wells to be drilled next year, up 475 from the... Read More

UK insurance firm RSA agrees to takeover offer from Intact and Tryg

UK insurance firm RSA agrees to takeover offer from Intact and Tryg
  TORONTO — One of the U.K.’s oldest insurance companies is getting two new owners and one of them is Canadian. RSA Insurance announced Wednesday that it is being taken over by Toronto-based insurer Intact Financial Group and Denmark’s Tryg in a cash transaction worth about $12.3 billion or 685 pence per share — a 51 per cent premium on RSA’s share price. Intact... Read More

NDP raises more questions about Morneau, WE in letter to ethics watchdog

NDP raises more questions about Morneau, WE in letter to ethics watchdog
  OTTAWA — NDP ethics critic Charlie Angus is asking the federal ethics commissioner to consider new questions about the relationship between former finance minister Bill Morneau and WE Charity. In a letter to commissioner Mario Dion, Angus says Morneau may have broken rules around conflict of interest and preferential treatment in allegedly green-lighting a $12-million contract for WE —... Read More

Energy and financials lift Toronto stock market, U.S. stock markets mixed

Energy and financials lift Toronto stock market, U.S. stock markets mixed
  TORONTO — Strength in the energy and financial sectors offset losses in the telecom and utility sectors to help lift Canada’s main stock index in late-morning trading, , while U.S. stock markets were mixed. The S&P/TSX composite index was up 38.73 points at 16,986.79. In New York, the Dow Jones industrial average was up 134.36 points at 29,917.71. The... Read More

Sales surge at Lowe’s as the homebound take on more projects

Sales surge at Lowe’s as the homebound take on more projects
  Lowe’s sales surged in the third quarter more people took on projects at home during the epidemic. Shares, however, slumped before the opening bell Wednesday on an outlook that some saw as pessimistic. Revenue increased to $22.3 billion from $17.4 billion a year ago. That beat the $21.08 billion that analysts surveyed by Zacks Investment Research were calling for.... Read More

Rogers Media cancels local Breakfast Television shows in Calgary and Vancouver

Rogers Media cancels local Breakfast Television shows in Calgary and Vancouver
  TORONTO — Rogers Media is laying off several of its on-air personnel and others as it cancels the current versions of Breakfast Television shows in Calgary and Vancouver. A statement from the company says “a small percentage” of its staff across the country will be leaving Rogers Sports and Media. It didn’t comment on individual tweets from several people... Read More

Pandemic underscores importance of financial intelligence, federal centre says

Pandemic underscores importance of financial intelligence, federal centre says
  OTTAWA — The federal anti-money laundering agency says it gave more than 2,000 intelligence leads to partners in the last fiscal year despite the havoc the COVID-19 pandemic created for the business world. The Financial Transactions and Reports Analysis Centre of Canada, known as Fintrac, tries to pinpoint cash linked to money laundering and terrorism by sifting through millions... Read More

Manulife buys two-tower residential property in Gatineau for $63 million

Manulife buys two-tower residential property in Gatineau for $63 million
  TORONTO — Manulife Financial Corp.’s investment management business says it has purchased a luxury residential property in Quebec for $63 million. Manulife Investment Management says the property is called Le Vibe and is a recently built residential complex in downtown Gatineau. The property includes two eight-storey towers with a total of 180 units and views of the Parliament Buildings... Read More

S&P/TSX composite edges up in early trading, U.S. stock markets also creep higher

S&P/TSX composite edges up in early trading, U.S. stock markets also creep higher
  TORONTO — Strength in the financial and energy sectors helped Canada’s main stock index creep higher in early trading, while U.S. stock markets also edged up. The S&P/TSX composite index was up 2.25 points at 16,950.31. In New York, the Dow Jones industrial average was up 75.14 points at 29,858.49. The S&P 500 index was up 1.64 points at... Read More