Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,350.84, down 113.07 points). Encana Corp. (TSX:ECA). Energy. Up nine cents, or 1.55 per cent, to $5.88 on 7.7 million shares. Barrick Gold Corp. (TSX:ABX). Materials. Up 17 cents, or 0.71 per cent, to $23.97 on 7.6 million shares. Yamana Gold Inc. (TSX:YRI). Down 12 cents,... Read More

Judge greenlights class action lawsuit against Air Canada over fuel surcharges

Judge greenlights class action lawsuit against Air Canada over fuel surcharges
MONTREAL — A Quebec Superior Court judge has authorized a class action lawsuit against Air Canada over fuel surcharges. The lawsuit, approved Monday, argues the country’s largest airline “illegally overcharged its customers” by more than doubling the cost of fuel on some flights. Michael Vathilakis, the petitioners’ lawyer, said Air Canada misrepresented the stated purpose of the surcharge, which was to partially offset the fluctuating price of jet fuel.... Read More

Proxy advisory firm ISS recommends Transat shareholders support Air Canada offer

Proxy advisory firm ISS recommends Transat shareholders support Air Canada offer
MONTREAL — An independent proxy advisory firm is urging Transat shareholders to support the proposed $720-million takeover of the tour operator by Air Canada. Institutional Shareholder Services Inc. recommended on Sunday that shareholders vote in favour of the deal based on the original price of $13 per share and reiterated its support when Air Canada boosted its offer to $18 per share or... Read More

Brookfield Business Partners takes controlling stake in Genworth Canada

Brookfield Business Partners takes controlling stake in Genworth Canada
TORONTO — Brookfield Business Partners has signed a deal to buy a controlling interest in Genworth MI Canada Inc. for $2.4 billion. Under the deal, Brookfield has agreed acquire 48.9 million shares, or a roughly 57 per cent interest, in the business from the Virginia- based parent company Genworth Financial Inc. at a price of $48.86 per share. Genworth Canada is a... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,237.77, down 103.57 points). Bombardier Inc. (TSX:BBD.B). Industrials. Down eight cents, or 4.42 per cent, to $1.73 on 8.6 million shares. CannTrust Holdings Inc. (TSX:TRST). Health care. Down $1.17 or 27.79 per cent, to $3.04 on 6 million shares. B2Gold Corp. (TSX:BTO). Materials. Up... Read More

Inter Pipeline shares lose some of last week’s takeover speculation gains

Inter Pipeline shares lose some of last week’s takeover speculation gains
CALGARY — Shares in Inter Pipeline Ltd. fell by as much as 4.3 per cent Monday morning after soaring late last week on news that it had rejected an unsolicited takeover from an unnamed bidder. On the Toronto Stock Exchange, shares in the Calgary petroleum transportation and processing company fell by $1.06 to $23.75 before recovering to $24.10 by 11 a.m. EDT. During... Read More

Air Canada ups purchase price in Transat bid, securing largest shareholder’s support

Air Canada ups purchase price in Transat bid, securing largest shareholder’s support
MONTREAL — Air Canada will spend more to buy Transat A.T. Inc., the airline announced Sunday, saying it has upped the total offer by $200 million to win the support of the tour company’s largest shareholder. The new bid sees Air Canada spending $18 per share, rather than $13. That brings the total offer to roughly $720 million, up from a previously announced bid... Read More

Jim Pattison makes offer to take Canfor Corp. private at $16 per share

Jim Pattison makes offer to take Canfor Corp. private at $16 per share
VANCOUVER — Jim Pattison’s Great Pacific Capital Corp. has made an offer to buy the rest of Canfor Corp. it does not already own for $16 per share. Shares in Canfor closed at $8.80 on the Toronto Stock Exchange on Friday. Great Pacific already owns about a 51 per cent stake in the lumber producer. The offer values Canfor at about $2 billion.... Read More

CannTrust says facility in Vaughan, Ont., rated non-compliant by Health Canada

CannTrust says facility in Vaughan, Ont., rated non-compliant by Health Canada
TORONTO — Cannabis company CannTrust Holdings Inc. says its manufacturing facility in Vaughan, Ont., has been rated non-compliant by Health Canada. The company says it was notified by Health Canada on Friday and added that remedial actions were underway. The decision by the regulator was based on an inspection in July following revelations that Health Canada had found the company’s greenhouse... Read More