Case of cryptocurrency firm QuadrigaCX to return to a Halifax courtroom today

Case of cryptocurrency firm QuadrigaCX to return to a Halifax courtroom today
HALIFAX — The bizarre case involving the cryptocurrency firm QuadrigaCX is expected to return to a Halifax courtroom today. The Nova Scotia Supreme Court has been asked to determine which law firms will represent 115,000 QuadrigaCX clients, who are owed as much as $260 million in cash and cryptocurrency. The court-appointed monitor overseeing the search for the money said it recently found more than $900,000 in digital assets.... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,626.73, down 15.37).   Encana Corp. (TSX:ECA). Energy. Up 44 cents, or 5.46 per cent, to $8.50 on 40.6 million shares. Nemaska Lithium Inc. (TSX:NMX). Materials. Down 19.5 cents, or 35.45 per cent, to 35.5 cents on 39.6 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up nine cents,... Read More

Standard & Poor’s downgrades SNC-Lavalin, citing charges and diplomatic feud

Standard & Poor’s downgrades SNC-Lavalin, citing charges and diplomatic feud
MONTREAL — Debt rating agency Standard & Poor’s has downgraded SNC-Lavalin Group Inc., citing problems at a Chilean mining project, damaged business relations with Saudi Arabia and criminal charges against the beleaguered engineering giant. The agency says a pair of slashed profit forecasts from SNC-Lavalin in the past three weeks — which first halved the per-share earnings target and then... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,642.10, up 73.25).   Aurora Cannabis Inc. (TSX:ACB). Health care. Down three cents, or 0.32 per cent, to $9.47 on 26.8 million shares. Encana Corp. (TSX:ECA). Energy. Down six cents, or 0.74 per cent, to $8.06 on 11 million shares. Aphria Inc. (TSX:APHA). Health care. Up 88 cents, or 7.91... Read More

Energy and financial help lift Toronto market, U.S. stock surge higher

Energy and financial help lift Toronto market, U.S. stock surge higher
TORONTO — The key energy and financials sectors helped boost Canada’s main stock index in late-morning trading, while U.S. stocks also surged higher. The S&P/TSX composite index was up 51.48 points at 15,620.33. In New York, the Dow Jones industrial average was up 289.22 points at 25,342.33. The S&P 500 index was up 30.56 points at 2,740.36, while the Nasdaq... Read More

DHX Media posts Q2 loss due to lower revenue, higher currency-exchange expense

DHX Media posts Q2 loss due to lower revenue, higher currency-exchange expense
HALIFAX — DHX Media Ltd. reported a $17.9-million loss attributable to its shareholders for its second quarter, as a change in foreign exchange rates affected the carrying value of its debt and revenue fell. The loss amounted to 13 cents per share for the three months ended Dec. 31, which compared with a year-earlier profit of $7.4 million or six cents per... Read More

Molson Coors restates financial results for 2016 and 2017 due to tax errors

Molson Coors restates financial results for 2016 and 2017 due to tax errors
MONTREAL — Molson Coors Brewing Co. says it has restated its financial results for 2016 and 2017 due to income tax accounting errors. The company, which keeps its books in U.S. dollars, says for 2016 it understated its deferred tax liability and income tax expense which resulted in an overstatement of its net income by US$399.1 million. However, Molson Coors says... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,568.85, down 64.48).   Aurora Cannabis Inc. (TSX:ACB). Health care. Down 45 cents, or 4.52 per cent, to $9.50 on 19 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down six cents, or 2.91 per cent, to $2 on 8.4 million shares. Solium Capital Inc. (TSX:SUM). Technology. Up $5.76, or... Read More

Toronto stock market edges lower, U.S. markets mixed in late-morning trading

Toronto stock market edges lower, U.S. markets mixed in late-morning trading
TORONTO — Canada’s main stock index edged lower in late-morning trading amid weakness in the key materials sector and the health-care sector, which includes many of the big names in the marijuana industry. The S&P/TSX composite index was down 3.57 points at 15,629.76. In New York, the Dow Jones industrial average was down 47.33 points at 25,059.00. The S&P 500... Read More

Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: RBI earnings Restaurant Brands International Inc. releases its fourth-quarter results and holds a conference call with analysts on Monday. RBI subsidiary Tim Hortons announced Feb. 6 that it is close to settling two class-action lawsuits brought against it by an association representing some of... Read More