Category: Financial

Most actively traded companies on the TSX

Editor
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (12,938.30, down 159.54 points.) Cenovus Energy Inc. (TSX:CVE). Energy. Up 11 cents, or 3.28 per cent, to $3.46 on 21.8 million shares. Crescent Point Energy Corp. (TSX:CPG). Energy. Up 15 cents, or 11.81 per cent to $1.42 on 21.5 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents,... Read More

CIBC offers reduced credit card interest rate for clients in financial hardship

CanadianInvestor
CIBC offers reduced credit card interest rate for clients in financial hardship
TORONTO — CIBC is offering reduced interest rates on personal credit cards for Canadians in financial hardship due to the COVID-19 pandemic. The bank says credit card clients who request to skip a payment and are experiencing financial difficulties will receive a temporary lower annual interest rate of 10.99 per cent. It says for the 80,000 Canadians that have already... Read More

Judge tosses shareholder suit over Lululemon CEO’s departure

CanadianInvestor
Judge tosses shareholder suit over Lululemon CEO’s departure
DOVER, Del. — A Delaware judge has dismissed a shareholder lawsuit against sports apparel maker Lululemon Athletica over its decision to give a $5 million severance package to its former CEO rather than fire him for misconduct. The judge ruled Thursday that the shareholder failed to comply with a Delaware law requiring him to demand that the company’s board take... Read More

Most actively traded companies on the TSX

Editor
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (13,097.76, up 221.36 points.) Cenovus Energy Inc. (TSX:CVE). Energy. Up 63 cents, or 23.16 per cent, to $3.35 on 28.3 million shares. Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up $1.35, or 7.31 per cent, to $19.83 on 25.1 million shares. Suncor Energy Inc. (TSX:SU). Energy. Up $1.76,... Read More

Canadian banks gear up for virtual AGMs to stop the spread of COVID-19

CanadianInvestor
Canadian banks gear up for virtual AGMs to stop the spread of COVID-19
TORONTO — When Robert Prichard welcomed shareholders to Bank of Montreal’s annual general meeting on Tuesday, it was the first time the company’s board chairman had done so without standing before shareholders in person. Prichard instead dialled into a webcast from the comfort of his home, where he explained the change was prompted by COVID-19 containment measures and an April court order granting the country’s top... Read More

Corus Entertainment delaying decision on June dividend, reports Q2 profit up

CanadianInvestor
Corus Entertainment delaying decision on June dividend, reports Q2 profit up
TORONTO — Corus Entertainment Inc. is delaying its decision on whether to pay a quarterly dividend in June as it gauges the impact of the COVID-19 pandemic. It says the latest a decision could be made is June 9, by which time it expects to have more clarity on the nature and length of the impact of the pandemic. Corus,... Read More

Dollarama suspends guidance due to COVID-19 pandemic, reports Q4 profit up

CanadianInvestor
Dollarama suspends guidance due to COVID-19 pandemic, reports Q4 profit up
Dollarama Inc. declined to provide its annual financial guidance for its 2021 financial year due to COVID-19 pandemic, but said it expects to see some negative impacts. The discount retailer store typically includes a fiscal year outlook along with its fourth-quarter and full-year results, which the company released Wednesday. “Due to the exceptional circumstances stemming from the global COVID-19 pandemic and... Read More

Most actively traded companies on the TSX

Editor
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (13,378.75, up 340.25 points.) Suncor Energy Inc. (TSX:SU). Energy. Up $3.49, or 18.4 per cent, to $22.46 on 24.9 million shares. Cenovus Energy Inc. (TSX:CVE). Energy. Up 43 cents, or 17.84 per cent, to $2.84 on 24.8 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up three cents, or 7.06 per cent, to 45.5... Read More

Suddenly strapped for cash: Financial advisers on dealing with COVID-19 fallout

CanadianInvestor
Suddenly strapped for cash: Financial advisers on dealing with COVID-19 fallout
TORONTO — Credit counsellor Pamela George is hearing from Canadians who feel lost amid the financial strife of COVID-19. After the Ottawa-based adviser began offering free phone consultations last month, the stories began to flow in. Some told her they hadn’t established emergency funds for the unexpected, and now they’re worried simple necessities could sap their regular savings accounts. “I’m seeing so much... Read More

TSX ends worst first quarter in at least a decade despite energy-induced gains

CanadianInvestor
TSX ends worst first quarter in at least a decade despite energy-induced gains
TORONTO — Canada’s main stock index capped its worst first quarter since at least the financial crisis more than a decade ago on the upswing caused by a sharp rise in the energy sector. The S&P/TSX composite index closed up 340.25 points or 2.6 per cent to 13,378.75. In New York, the Dow Jones industrial average lost 410.32 points to 21,917.16. The S&P 500... Read More