Feds receive more warnings over tax proposals as public consultation closes

Feds receive more warnings over tax proposals as public consultation closes
OTTAWA — With its public outreach winding down, the Trudeau government received fresh warnings Monday from major industry associations about the negative fallout from its controversial tax-reform proposals. Business leaders sent new letters to Ottawa insisting the proposed tax changes, which the Liberals have said are aimed at creating more fairness in the system, will cause considerable collateral damage in... Read More

TSX up, Wall Street sets records, as loonie falls amid tumbling oil prices

TSX up, Wall Street sets records, as loonie falls amid tumbling oil prices
TORONTO — A sharp drop in the price of oil wasn’t enough to offset broad gains on the Toronto stock index Monday, as the loonie hit its lowest level in more than a month. The S&P/TSX composite index advanced 70.06 points to 15,705.00, despite some drag from the energy sector as the November crude contract fell $1.09 to US$50.58 per... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,705.00, up 70.06 points): Chalice Gold Mines (TSX: CXN). Metals and mining. Down four cents, 13.79 per cent, to $0.25 on 5.6 million shares. Manulife Financial Corp. (TSX:MFC). Financial Services. Up two cents, or 0.08 per cent, to $25.33 on 4.7 million shares. BlackBerry... Read More

RioCan to sell 100 properties worth about $2 billion over two- to-three years

RioCan to sell 100 properties worth about $2 billion over two- to-three years
TORONTO — Canada’s largest real-estate trust says it’s planning to sell about $2 billion worth of properties — primarily open-air malls or power centres — in secondary markets across the country. RioCan Real Estate Investment Trust (TSX:REI.UN) expects to net about $1.5 billion after expenses from the sale of about 100 properties by late 2018 or 2019, with exact details... Read More

Tech sector warns capital needed for growth will evaporate under feds’ tax plan

Tech sector warns capital needed for growth will evaporate under feds’ tax plan
OTTAWA — The country’s fastest growing technology companies and industry investors are urging the federal government to meet the sector before going ahead with controversial tax-reform proposals. In a letter to Finance Minister Bill Morneau, the Council of Canadian Innovators warns his tax proposals would limit tech entrepreneurs’ access to capital that’s vital for their companies’ growth and job creation.... Read More

Private Osum Oil Sands sells production royalty for $92.5M to pay for expansion

Private Osum Oil Sands sells production royalty for $92.5M to pay for expansion
CALGARY — A private Calgary oilsands producer is selling a portion of future production to raise money to expand its northern Alberta project, a funding method gaining traction in a sector having difficulty attracting investors. Osum Oil Sands Corp. said Monday it has approved a 3,000-barrel-per-day expansion of its Orion project to take output to over 12,000 barrels per day... Read More