Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,057.09, down 33.18 points). RNC Minerals. (TSX:RNX). Metals. Up. 8.5 cents, or 94.4 per cent, to 17.5 cents on 39.4 million shares. Aphria Inc. (TSX:APH). Health care. Up $1.33, or 6.53 per cent, to $21.70 on 16 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 14 cents, or 1.7 per cent,... Read More

Canadian decision within weeks on steel safeguards, says Bains

Canadian decision within weeks on steel safeguards, says Bains
HAMILTON — The federal government plans to make a decision on safeguards against steel dumping in the coming weeks, Economic Development Minister Navdeep Bains said Friday. Speaking at a summit on the steel industry in Hamilton, Ont., Bains said the government is looking at the data and feedback it received from recent consultations on how to protect the industry from the risk of cheap steel imports. “The Department of Finance, my... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,100.94, down 36.63 points). Aphria Inc. (TSX:APH). Health care. Up $2.87, or 15.53 per cent, to $21.35 on 20.6 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down 49 cents, or 5.65 per cent, to $8.19 on 19.2 million shares. HEXO Corp. (TSX:HEXO). Health care. Up $1.21, or 20.5 per cent, to $7.10 on... Read More

Nova Scotia gives up attempts to find buyer for failed wind tower plant

Nova Scotia gives up attempts to find buyer for failed wind tower plant
HALIFAX — The Nova Scotia government has given up on attempts to find a buyer for one of Atlantic Canada’s largest industrial sites. In a news release, Business Minister Geoff MacLellan says for more than two years “every effort” was made to find a buyer for the former DSME wind plant in Trenton without success. MacLellan says a court-appointed receiver will... Read More

Resolute signs deal to sell U.S. recycled bleached kraft pulp mill for US$55M

Resolute signs deal to sell U.S. recycled bleached kraft pulp mill for US$55M
MONTREAL — Resolute Forest Products Inc. has signed a deal to sell its recycled bleached kraft pulp mill in Fairmont, W.Va., for US$55 million. The company says ND Paper LLC, a subsidiary of Nine Dragons Paper (Holdings) Ltd., has agreed to buy the mill. Nine Dragons has nine paper mills in Asia as well as two U.S.-based facilities. It produces... Read More

Morneau launches consultations on safeguards to prevent steel flooding

Morneau launches consultations on safeguards to prevent steel flooding
OTTAWA — The federal government is planning to introduce safeguards to tackle a flood of steel entering the Canadian market due to “exceptional circumstances.” Finance Minister Bill Morneau said the government is embarking on a 15-day consultation to explore safeguards it can use to mitigate potential negative effects to Canadian steel producers in the event foreign steel producers divert U.S.-bound product to... Read More

Finning’s Q2 above estimates on higher equipment sales and product support

Finning’s Q2 above estimates on higher equipment sales and product support
VANCOUVER — Finning International Inc.’s second-quarter profit and revenue beat analyst estimates as the heavy-equipment dealer benefited from stronger sales of new equipment, higher product support revenue and improved margins. The Vancouver-based company, which sells Caterpillar equipment in Western Canada and several other countries, said its net income was up 44 per cent from last year at $81 million and revenue was up nine per... Read More

Yamana Gold founder Peter Marrone shifts from CEO to executive chairman role

Yamana Gold founder Peter Marrone shifts from CEO to executive chairman role
TORONTO — Yamana Gold says it is shuffling its top executives as founder Peter Marrone takes a step away from day-to-day operations at the mining company. Marrone will take on the new position of executive chairman to drive Yamana’s strategic vision and liaise between the board of directors and management. He will also serve as mentor to Daniel Racine, who steps into... Read More

Saudi Arabia reportedly directing selloff of Canadian assets after criticism

Saudi Arabia reportedly directing selloff of Canadian assets after criticism
TORONTO — Saudi Arabia has directed asset managers to sell off Canadian equities as part of an escalating response to criticism from Canada according to a report by the Financial Times. The Saudi central bank and state pension funds have sent instructions to overseas asset managers to dispose of Canadian equities, bond, and cash holdings at any cost, the newspaper said, citing unnamed sources.... Read More