Saudi sovereign fund invests $1B in US electric car firm

Saudi sovereign fund invests $1B in US electric car firm
DUBAI, United Arab Emirates — Saudi Arabia’s sovereign wealth fund invested over $1 billion Monday in an American electric car manufacturer just weeks after Tesla CEO Elon Musk earlier claimed the kingdom would help his own firm go private. Tesla stock dropped briefly Monday in reaction to the news, the same day that the Saudi fund announced it had taken... Read More

Pipeline plan coming by end of month, possibly guided by a former judge

Pipeline plan coming by end of month, possibly guided by a former judge
OTTAWA — A senior federal source says the Liberals are considering hiring a former top judge to guide a renewed consultation with Indigenous communities on the Trans Mountain pipeline expansion. The Federal Court of Appeal last month quashed the approval given to the project, saying the consultation with Indigenous communities wasn’t good enough and criticizing the lack of attention paid to the environmental impact of... 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 (16,001.71, down 47.31 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Down 81 cents, or 8.9 per cent, to $8.30 on 27.7 million shares. Aphria Inc. (TSX:APH). Health care. Down $3.52, or 16.9 per cent, to $17.30 on 19.2 million shares. RNC Minerals. (TSX:RNX). Metals. Unchanged at 24 cents on 10.7 million shares. HEXO Corp.... Read More

Transat AT vows to raise prices next summer after third-quarter losses

Transat AT vows to raise prices next summer after third-quarter losses
MONTREAL — Transat AT Inc. executives have pledged to raise prices next summer after a spike in fuel costs sent the carrier on course to its least-profitable third quarter in a decade. “The fuel increases happened very suddenly in a short time period. In those circumstances, often we are not able to pass those increases to consumers,” said chief operating officer Annick Guerard... Read More

Walmart launches 1-hour grocery delivery in GTA with Instacart partnership

Walmart launches 1-hour grocery delivery in GTA with Instacart partnership
MISSISSAUGA, Ont. — Walmart Canada says it is starting to roll out one-hour grocery delivery today for customers in parts of the Greater Toronto Area. The discount grocer says it’s partnered with Instacart, a California-based company, to provide the service. Shoppers use the Instacart website or app to place their order, which is then picked out and delivered by Instacart... Read More

ParcelPal to offer rapid cannabis delivery to consumers

ParcelPal to offer rapid cannabis delivery to consumers
ParcelPal Technology Inc. has announced their cannabis plan for Federal legalization in Canada on October 17th, 2018. As part of ParcelPal’s strategy moving forward, the Company plans to take advantage of the bourgeoning marijuana market imminently. The marijuana vertical proposes a large opportunity and catalyst for ParcelPal to launch into many urban areas... Read More

Uber to open engineering hub in Toronto and expand self-driving centre

Uber to open engineering hub in Toronto and expand self-driving centre
TORONTO — Uber Technologies Inc. is opening a new engineering hub in Toronto and expanding its existing self-driving vehicle centre in the city. The San Francisco-based tech giant’s chief executive officer Dara Khosrowshahi says the hub and expansion will help the company build and update its infrastructure so it can continue to scale and offer more features and products to... 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 (16,094.25, up 37.16 points). RNC Minerals. (TSX:RNX). Metals. Up 10.5 cents, or 60 per cent, to 28 cents on 54.2 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 83 cents, or 10 per cent, to $9.09 on 30 million shares. Aphria Inc. (TSX:APH). Health care. Down nine cents, or 0.41 per cent, to $21.61... Read More

Ford recalls 2M pickup trucks; seat belts can cause fires

Ford recalls 2M pickup trucks; seat belts can cause fires
DETROIT — Under pressure from U.S. safety regulators, Ford is recalling about two million F-150 pickup trucks in North America, including nearly 340,000 in Canada, because the seat belts can spark and cause fires when they deploy during a crash. The recall of F-150 pickup trucks from the 2015 through 2018 model years comes about one month after the National Highway... Read More

Suncor won’t approve more oil production expansions until pipeline progress: CEO

Suncor won’t approve more oil production expansions until pipeline progress: CEO
NEW YORK — The head of Suncor Energy Inc. says Canada’s largest oil and gas producer won’t move ahead with additional crude production expansions until there’s physical progress on getting pipelines approved. Chief executive Steve Williams told a Barclays investor conference in New York that recent judicial rulings affecting Keystone XL and Trans Mountain pipeline don’t have any short-term impacts on... Read More