Revolugroup Canada Inc. Revolusend and Bbva Extend Remittance Reach to 52 Brazilian Banks

Revolugroup Canada Inc. Revolusend and Bbva Extend Remittance Reach to 52 Brazilian Banks
Revolugroup Canada Inc. announced this morning that its RevoluPAY EP SL product has received approval from BBVA Transfer Services (BTS) to incorporate 52 Brazilian banks into RevoluSEND. The addition of these banks is expected to substantially increase the RevoluSEND reach into Brazil’s approximately 2.9B US$ annual remittance market. Brazil is also an emitter of remittances, with Canada being one... Read More

S&P/TSX Composite gain ground on gold, vaccine news

S&P/TSX Composite gain ground on gold, vaccine news
  TORONTO – Stock indexes moved sharply Tuesday, on strength of mining and metals and Covid-19 vaccination news. The TSX closed Tuesday up 119.08 points to 17,506.48. The Canadian dollar moved up to close at 78.75 cents U.S. The resource sector had some of the largest percentage gainers as Silvercorp Metals jumped .58 cents, or 4.9% closing at $7.75, while... Read More

Borrowell to acquire Refresh Financial to help more Canadians gain access to affordable credit

Borrowell to acquire Refresh Financial to help more Canadians gain access to affordable credit
  TORONTO – Borrowell, Canada’s leading free credit score provider and credit education company, announced today it is acquiring Refresh Financial, a Canadian leader in helping underserved Canadians gain long-term access to affordable forms of credit. The combination of the two businesses will accelerate the breadth and accessibility of Borrowell’s product offering by providing a large segment of its growing... Read More

Asian shares decline following lacklustre day on Wall Street

Asian shares decline following lacklustre day on Wall Street
  Asian shares sank on Tuesday after a lacklustre day on Wall Street as investors wait to see if Congress can break a logjam on delivering more aid to people, businesses and local governments affected by the coronavirus pandemic. Japan’s benchmark Nikkei 225 index fell after Prime Minister Yoshihide Suga announced a suspension of a travel promotion program that has... Read More

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 (17,387.40, down 161.52 points.) Canadian Natural Resources (TSX:CNQ). Down 69 cents, or 2.16 per cent, to $31.27 on 19 million shares. Suncor Energy Inc. (TSX:SU). Energy. Down 67 cents, or 2.82 per cent, to $23.08 on 16.5 million shares. Manulife Financial... Read More

Spin Master co-founders plan to step down from co-CEO role next year

Spin Master co-founders plan to step down from co-CEO role next year
  TORONTO — Toy company Spin Master Corp. said on Monday that co-founders Ronnen Harary and Anton Rabie will step down as co-chief executives next year. The maker of Hatchimals and Paw Patrol toys announced that Max Rangel has been appointed global president effective in January and will add the chief executive title in April. Rangel joins Spin Master from... Read More

Transat AT reports huge loss in Q4 as shareholders weigh Air Canada takeover bid

Transat AT reports huge loss in Q4 as shareholders weigh Air Canada takeover bid
  MONTREAL — Transat AT Inc.’s shares fell by as much as 10 per cent in intraday trading on Monday, as the company reported disappointing earnings results for its latest quarter. The Montreal-based tour operator capped an unprecedented year by losing $238.1 million attributable to shareholders in the fourth quarter, with revenues down a stunning 96 per cent from the... Read More

US agencies hacked in monthslong global cyberspying campaign

US agencies hacked in monthslong global cyberspying campaign
  WASHINGTON — U.S. government agencies were ordered to scour their networks for malware and disconnect potentially compromised servers on Monday after authorities learned that the Treasury and Commerce departments were hacked in a global cyber-espionage campaign tied to a foreign government. In a rare emergency directive issued late Sunday, the Department of Homeland Security’s cybersecurity arm warned of an... Read More

S&P/TSX composite little changed, U.S. stock markets surge higher

S&P/TSX composite little changed, U.S. stock markets surge higher
  TORONTO — Canada’s main stock index was little changed in late-morning trading as gains in the technology, industrial and utility sectors were offset by losses in the energy and metals and mining stocks, while U.S. stock markets surged higher. The S&P/TSX composite index was up 0.83 of a point at 17,549.75. In New York, the Dow Jones industrial average... Read More