Day: 25 November 2020

Most actively traded companies on the Toronto Stock Exchange

Editor
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 (17,313.07, up 38.82 points.)   Northern Dynasty Minerals Ltd. (TSX:NDM). Materials. Down 54 cents, or 51.43 per cent, to 51 cents on 19.34 million shares. Suncor Energy Inc. (TSX:SU). Energy. Down 16 cents, or 0.7 per cent, to $22.83 on 13.09... Read More

As economy struggles, Fed weighs boosting bond purchases

CanadianInvestor
As economy struggles, Fed weighs boosting bond purchases
  WASHINGTON — At their meeting earlier this month, Federal Reserve officials discussed possible future adjustments to the central bank’s monthly bond purchases to boost the economy. The Fed on Wednesday released minutes of its Nov. 4-5 meeting revealing that while officials believed that no changes were needed to the bond purchase program at that time, “they recognized that circumstances... Read More

Penguin to buy Simon & Schuster, create publishing giant

CanadianInvestor
Penguin to buy Simon & Schuster, create publishing giant
  BERLIN — German media giant Bertelsmann said Wednesday that its Penguin Random House division is buying rival Simon & Schuster, in a megadeal that would reshape the U.S. publishing industry. Penguin Random House, already the largest American publisher, will buy the New York-based Simon & Schuster, whose authors include Stephen King, Hillary Clinton and John Irving, from TV and... Read More

Canadian motor tech firm Exro to raise $30 million with share offering

CanadianInvestor
Canadian motor tech firm Exro to raise $30 million with share offering
  CALGARY — A Canadian company developing new control products to improve efficiency and performance in electric motors and powertrains is aiming to raise between $30 million and $36.5 million through a public offering of its shares. Exro Technologies Inc., which closed a lab in Victoria and opened a new innovation centre in Calgary over the summer, says it has... Read More

Spin Master signs Wizarding World licensing deal to develop Harry Potter toys

CanadianInvestor
Spin Master signs Wizarding World licensing deal to develop Harry Potter toys
  TORONTO — Toymaker Spin Master Corp. has announced a deal to develop toys and games based on the Harry Potter and Fantastic Beasts movies. The company says it has signed a global licensing agreement with Warner Bros. Consumer Products for the Wizarding World franchise. Financial terms of the deal were not immediately available. Spin Master says it will develop... Read More

BRP third-quarter profit tops expectations, raises guidance for full-year results

CanadianInvestor
BRP third-quarter profit tops expectations, raises guidance for full-year results
  BRP Inc. topped expectations Wednesday as it reported its third-quarter profit rose compared with a year ago and raised its guidance for its full financial year. The Ski-Doo and Sea-Doo maker said it now expects normalized earnings per share between $5.00 and $5.25 for the year, up from earlier guidance for between $3.65 and $3.95. On a conference call... Read More

S&P/TSX composite edges lower, while U.S. stock markets are mixed

CanadianInvestor
S&P/TSX composite edges lower, while U.S. stock markets are mixed
  TORONTO — Canada’s main stock index edged lower in late-morning trading as the financial, industrial and metals and mining sectors pulled back, while U.S. stock markets were mixed. The S&P/TSX composite index was down 2.94 points at 17,271.31. In New York, the Dow Jones industrial average was down 144.85 points at 29,901.39. The S&P 500 index was down 11.15... Read More

Pension fund mangers call for strengthened ESG disclosure by companies

CanadianInvestor
Pension fund mangers call for strengthened ESG disclosure by companies
  TORONTO — A group of Canadian pension plan investment managers is calling on companies to standardize their environmental, social, and governance disclosure to help them in their investment decision-making and better assess and manage their risks. The eight fund mangers together manage a total of about $1.6 trillion in assets. They say they are committed to creating more sustainable... Read More

Alberta finance minister says outlook improves but budget deficit $21.3 billion

CanadianInvestor
Alberta finance minister says outlook improves but budget deficit $21.3 billion
  EDMONTON — Finance Minister Travis Toews says COVID-19 will affect Alberta’s economy for the next couple of years and perhaps beyond, but projections are encouraging. “COVID-19 has created an environment of uncertainty, not just here in Alberta but around the world,” Toews said Tuesday as he announced updated numbers for his current budget. “I can’t say whether the worst... Read More