Author: CanadianInvestor

Resource sectors help lift S&P/TSX composite, U.S. stock markets down

CanadianInvestor
Resource sectors help lift S&P/TSX composite, U.S. stock markets down
  TORONTO — Strength in the energy and metals and mining sectors helped lift Canada’s main stock index in late-morning trading, while U.S. stock markets were down. The S&P/TSX composite index was up 37.20 points at 17,334.13. In New York, the Dow Jones industrial average was down 36.26 points at 29,787.66. The S&P 500 index was down 1.61 points at... Read More

Britain approves vaccine and will begin shots within days

CanadianInvestor
Britain approves vaccine and will begin shots within days
  LONDON — Britain became the first country in the world to authorize a rigorously tested COVID-19 vaccine Wednesday and could be dispensing shots within days — a historic step toward eventually ending the scourge that has killed more than 1.4 million people around the globe. In giving the go-ahead for emergency use of the vaccine developed by American drugmaker... Read More

Dell customer seeks compensation for years of scam calls after personal data leaked

CanadianInvestor
Dell customer seeks compensation for years of scam calls after personal data leaked
  HALIFAX — A proposed class-action suit has been launched against Dell Technologies on behalf of thousands of Canadians whose personal information was compromised in a data breach. According to a claim filed in a Nova Scotia court, the suit’s proposed representative plaintiff is seeking compensation for years of scam calls and emails he received after a 2017 data breach... Read More

CannTrust relaunches two brands following illegal cultivation, CCAA filing

CanadianInvestor
CannTrust relaunches two brands following illegal cultivation, CCAA filing
  VAUGHAN, Ont. — CannTrust Holdings Inc. is staging a comeback more than a year after its licences were suspended for illegally growing thousands of kilograms of dried cannabis in unlicensed rooms. The Vaughan, Ont., cannabis firm announced Wednesday that it will reintroduce two recreational brands, Liiv and Synr.g, to the Canadian market this month. “We’re confident that when the... Read More

Fairfax agrees to sell RiverStone Europe insurance business for US$750 million

CanadianInvestor
Fairfax agrees to sell RiverStone Europe insurance business for US$750 million
  TORONTO — Fairfax Financial Holdings Ltd. has agreed to sell its interests in the RiverStone Europe insurance business to a fund managed by CVC Capital Partners. Fairfax says it will receive US$750 million for its stake on Riverstone Europe, once the deal closes, and it is entitled to up to an additional US$235.7 million after closing. The Ontario Municipal... Read More

Royal Bank Q4 profit up as CEO warns of decline in economic growth

CanadianInvestor
Royal Bank Q4 profit up as CEO warns of decline in economic growth
  TORONTO — Three promising COVID-19 vaccine candidates may have spurred optimism from investors, but Royal Bank of Canada’s chief executive is warning the country is not rid of its pandemic troubles yet. Dave McKay told analysts Wednesday that the economy could still suffer some blows as the globe grapples with uncertainty around how soon people will be injected with... Read More

‘Netflix tax’ for digital media likely to raise prices for consumers, experts say

CanadianInvestor
‘Netflix tax’ for digital media likely to raise prices for consumers, experts say
  TORONTO — The cost of digital services and goods sold by foreign companies like Netflix will go up under a taxation plan the government wants to put in place next year, experts said Tuesday. Ottawa said in its fiscal update released Monday it will require multinationals to collect GST or HST on digital products and services, which it said... Read More

Elected officials dine out after urging others to stay home

CanadianInvestor
Elected officials dine out after urging others to stay home
  San Francisco Mayor London Breed dined at a posh Napa Valley restaurant the day after California’s governor was there. San Jose Mayor Sam Liccardo went to his parents’ house for Thanksgiving. And a Los Angeles County supervisor dined outdoors just hours after voting to ban outdoor dining there. All three local officials were on the hot seat Tuesday after... Read More