TekSavvy launches ad campaign in latest battle with big phone, cable companies

TekSavvy launches ad campaign in latest battle with big phone, cable companies
TORONTO — TekSavvy Solutions Inc. has launched an advertising campaign seeking public support in a politically charged battle that Canada’s independent internet services providers are waging with the big phone and cable companies. Ontario-based TekSavvy is Canada’s biggest independent internet service provider, but it’s small in comparison to the internet-arms of Canada’s major phone and cable companies. The big telecom companies asked the federal cabinet in November to overrule... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (17,559.02, up 74.25 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down 10 cents, or 8.2 per cent, to $1.12 on 34 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down two cents, or 0.72 per cent, to $2.77 on 10.3 million shares. Encana Corp. (TSX:ECA). Energy. Down 23 cents, or... Read More

Bombardier’s financial challenges worry ratings agencies, prompting downgrades

Bombardier’s financial challenges worry ratings agencies, prompting downgrades
MONTREAL — Two major rating agencies have voiced concerns over the finances of Bombardier Inc., whose future is being questioned as it considers options to raise its more than US$9 billion debt. S&P Global Ratings changed its outlook to “negative” from “stable” on Friday, following in the footsteps of Moody’s Investors Service, which did the same Thursday evening. The Montreal-based transportation... Read More

Cannabis company Canopy Growth delaying launch of infused beverages

Cannabis company Canopy Growth delaying launch of infused beverages
SMITH FALLS, Ont. — Canopy Growth Corp. is delaying the launch of its cannabis-infused drinks. The company says work to scale up to commercial production is not complete and it is delaying the launch date while it completes the final steps. Canopy submitted its final documentation for its beverage facility to Health Canada last June and received its license in... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (17,484.77, up 69.60 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down 57 cents, or 31.84 per cent, to $1.22 on 60.3 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 10 cents, or 3.72 per cent, to $2.79 on 19.2 million shares. Hexo Corp. (TSX:HEXO). Health care. Down 10... Read More

Auto parts firm Magna International expects 2020 sales to be down from 2019

Auto parts firm Magna International expects 2020 sales to be down from 2019
AURORA, Ont. — Magna International Inc. says it expects sales in 2020 to fall compared with 2019 due to a stronger U.S. dollar, the sale of its fluid pressure and controls business and lower expected light vehicle production in Europe. The auto parts company also says it has decided to conclude its self-driving technology partnership with Lyft as part of a... Read More

Preliminary results show Barrick produced 5.5 million ounces of gold last year

Preliminary results show Barrick produced 5.5 million ounces of gold last year
TORONTO — Barrick Gold Corp. says its gold production for 2019 is expected to come in near the top end of its guidance, while copper production is forecast to be more than its earlier expectations. The gold miner says preliminary results indicate it produced 5.5 million ounces of gold last year compared with its guidance for between 5.1 million and 5.6 million ounces.... Read More

Retailer Canadian Tire names Gregory Craig as new chief financial officer

Retailer Canadian Tire names Gregory Craig as new chief financial officer
TORONTO — Canadian Tire Corp. Ltd. is promoting Gregory Craig to the job of chief financial officer, replacing Dean McCann, who is retiring. Craig is president of Canadian Tire Financial Services and president and chief executive of Canadian Tire Bank. He takes over the new job on March 2. McCann will continue as a director of Canadian Tire Bank and a trustee... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (17,415.17, up 62.27 points.) Aurora Cannabis Inc. (TSX:ACB). Health care. Up 36 cents, or 15.45 per cent, to $2.69 on 19.6 million shares. Organigram Holdings Inc. (TSX:OGI). Health care. Up $1.24, or 44.13 per cent, to $4.05 on 9.9 million shares. Hexo Corp. (TSX:HEXO). Health care. Up 33... Read More

Teck Resources to pay $2 million for SunMine solar project at Kimberley, B.C.

Teck Resources to pay $2 million for SunMine solar project at Kimberley, B.C.
VANCOUBER, B.C. — Mining company Teck Resources Ltd. says it is purchasing the SunMine solar electricity generating facility in B.C. from the City of Kimberley. The Vancouver-based company says it has agreed to pay about $2 million, matching the city’s debt associated with the operation. The 1.05-megawatt SunMine opened in 2015 on reclaimed land at Teck’s Sullivan Mine, which was closed in 2001 after... Read More