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Bank of Canada business outlook survey, regional differences more pronounced

Bank of Canada business outlook survey, regional differences more pronounced
OTTAWA — A new survey by the Bank of Canada suggested that business sentiment in the country has edged higher, but differences between the Prairies, hard hit by the turmoil in the energy sector, and Central Canada have grown more pronounced. The central bank’s survey of senior management at roughly 100 firms suggested “a slight improvement” in overall business sentiment as businesses expected... Read More

Scotiabank postpones investor event in Chile due to growing protests in capital

Scotiabank postpones investor event in Chile due to growing protests in capital
TORONTO — Scotiabank says protests in the capital of Chile have “prompted” it to postpone an investor event that was set to be held in Santiago this week. The Toronto-based lender says in a release that it remains committed to hosting Scotiabank’s Investor Day in Santiago, but will push it back to early 2020. Protesters and police violently clashed Monday, the latest in continuing... Read More

Statistics Canada reports retail sales edged down 0.1 per cent in August

Statistics Canada reports retail sales edged down 0.1 per cent in August
OTTAWA — Statistics Canada says retail sale fell 0.1 per cent in August to $51.5 billion as sales at food and beverage stores dropped. Economists on average had expected an increase of 0.4 per cent for August, according to financial markets data firm Refinitiv. Statistics Canada says sales at food and beverage stores fell 0.8 per cent in August, the first... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,418.45, up 41.33 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Down one cent, or 0.21 per cent, to $4.80 on 5.1 million shares. The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Down four cents, or 3.36 per cent, to $1.15 on 4.7 million shares. Encana Corp.... Read More

Loonie moves higher on election day in possible signal of Liberal minority

Loonie moves higher on election day in possible signal of Liberal minority
TORONTO — Canada’s main stock index moved higher on election day with an appreciation in the loonie possibly signalling a Liberal minority government, says a markets analyst. With the Bank of Canada not expected to lower interest rates, the Canadian dollar is up on anticipation of fiscal stimulus prompted by Liberal leader Justin Trudeau seeking the help of the New Democrats... Read More

Sweetened bid for HBC by Baker-led shareholder group gets board approval

Sweetened bid for HBC by Baker-led shareholder group gets board approval
The Hudson’s Bay Co. board agreed Monday to a sweetened privatization offer that values the retailer at about $1.9 billion, but the deal will require support from minority shareholders if it is to be accepted. The board said a group of shareholders led by HBC executive chairman Richard Baker, which holds about a 57 per cent stake in the retailer, has agreed to pay $10.30 per share in... Read More

Energy regulator says crude-by-rail shipments fell to 310,000 bpd in August

Energy regulator says crude-by-rail shipments fell to 310,000 bpd in August
CALGARY — The Canada Energy Regulator says exports of crude oil by rail from Canada fell slightly in August to 310,000 barrels per day from 313,000 bpd in July. The August number is up 35 per cent from 230,000 bpd reported in August of 2018 but still well below the record high of 354,000 bpd set last December. The small change... Read More

Companies reach $260 million deal to settle opioids lawsuit

Companies reach $260 million deal to settle opioids lawsuit
CLEVELAND — The nation’s three biggest drug distributors and a major drugmaker reached a $260 million settlement with two Ohio counties Monday over the deadly havoc wreaked by opioids, striking a deal just hours before they were about to face a jury at the start of the first federal trial over the crisis. The settlement means the closely watched trial... Read More

North American stock markets up at late-morning; Loonie trades higher

North American stock markets up at late-morning; Loonie trades higher
TORONTO — Canada’s main stock index headed higher in late-morning trading, helped by gains the key financial and industrials sectors, while U.S. stock markets also climbed higher. The S&P/TSX composite index was up 52.22 points at 16,429.34. In New York, the Dow Jones industrial average was up 21.16 points at 26,791.36. The S&P 500 index was up 15.65 points at... Read More