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 (17,205.43, down 191.13 points.) Suncor Energy Inc. (TSX:SU). Energy. Down $1.64, or 7.32 per cent, to $20.77 on 26.1 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up 3.5 cents, or 7.07 per cent, to 53 cents on 24.4 million shares. Aurora Cannabis... Read More

Housing growth, auto loans drive up demand for credit in third quarter: Equifax

Housing growth, auto loans drive up demand for credit in third quarter: Equifax
  Consumer demand for credit intensified in the third quarter, driven chiefly by increases in mortgage balances and new auto loans, according to data released Monday by credit reporting agency Equifax. Mortgage balances and new auto loans were up 6.6 per cent and 11.7 per cent year over year, respectively, according to Equifax. Overall average consumer debt increased 3.3 per... Read More

Powell says pace of economic improvement has moderated

Powell says pace of economic improvement has moderated
  WASHINGTON — Federal Reserve Chairman Jerome Powell says that the pace of improvement in the economy has moderated in recent months with future prospects remaining “extraordinarily uncertain.” In remarks released by the Fed on Monday, Powell said that the increase in new COVID-19 cases both in the United States and abroad was “concerning and could prove challenging for the... Read More

North American stock markets fall to end very strong November while loonie rises

North American stock markets fall to end very strong November while loonie rises
  TORONTO — Despite losing some ground to start the week, North American stock markets concluded an exceptionally strong month of November on the back of positive news about COVID-19 vaccines. The S&P/TSX composite index closed down 191.13 points to 17,205.43, but was up more than 10 per cent for the month. In New York, the Dow Jones industrial average... Read More

Aurora Cannabis lays off 30 staff, ‘indefinitely’ pauses operations at Alta. facility

Aurora Cannabis lays off 30 staff, ‘indefinitely’ pauses operations at Alta. facility
  EDMONTON — Aurora Cannabis Inc. says it is indefinitely pausing operations at one of its Alberta facilities and laying off a few dozen staff. The Edmonton-based cannabis company says the pause will occur at its Aurora Sun property in Medicine Hat, where it will layoff about 30 workers. Aurora spokeswoman Michelle Lefler says that the moves are expected to... Read More

Freeland set to deliver update on federal finances and economic outlook

Freeland set to deliver update on federal finances and economic outlook
  OTTAWA — The federal Liberals will provide Canadians with a long-awaited update on the health of federal finances later today, and potentially unveil a suite of new spending. Finance Minister Chrystia Freeland will deliver the fall economic statement in the House of Commons around 4 p.m. local time in Ottawa, after markets close. The fall economic statement should have... Read More

S&P/TSX composite down in early trading to start the week, U.S. markets mixed

S&P/TSX composite down in early trading to start the week, U.S. markets mixed
  TORONTO — Canada’s main stock index posted a triple-digit decline on broad-based weakness in early trading, while U.S. stock markets were mixed. The S&P/TSX composite index was down 111.04 points at 17,285.52. In New York, the Dow Jones industrial average was down 254.26 points at 29,656.11. The S&P 500 index was down 11.80 points at 3,626.55, while the Nasdaq... Read More

Montreal-based Element AI to be bought by U.S. company ServiceNow

Montreal-based Element AI to be bought by U.S. company ServiceNow
  Element AI is headed across the border and into U.S. hands after years of being touted as one of Canada’s most promising technology companies. The Montreal-based firm that creates artificial intelligence solutions for large organizations announced Monday that it has signed a deal to be purchased by ServiceNow, a Santa Clara, Calif., company that offers a cloud‑based workflow technology.... Read More

Fertilizer producer Nutrien offers carbon control plan with credit profits for farms

Fertilizer producer Nutrien offers carbon control plan with credit profits for farms
  SASKATOON — Fertilizer producer Nutrien Ltd. is launching a farm carbon program that it says will provide “end-to-end support” to drive improved environmental sustainability and boost profits for farmers. The company says it plans to use its role as the world’s largest provider of crop inputs and services to help growers plan, plant and track practices to reduce greenhouse... Read More