Toronto stock index up, loonie higher following Thanksgiving holiday weekend

Toronto stock index up, loonie higher following Thanksgiving holiday weekend
TORONTO — Financial shares helped push Canada’s main stock index higher Tuesday following the three-day Thanksgiving holiday weekend. The Toronto Stock Exchange’s S&P/TSX composite index advanced 42.04 points to 15,770.36. “There’s a better seasonal backing for banks as we go into Q4,” said Sid Mokhtari, executive director of portfolio and technical research at CIBC Capital Markets. “That’s a theme that’s... Read More

Ottawa shortlists nine ‘superclusters’ for $950-million federal funding

Ottawa shortlists nine ‘superclusters’ for $950-million federal funding
MONTREAL — Ottawa has announced a short list of nine so-called supercluster proposals that could qualify for a piece of a $950-million federal fund the government hopes will boost the economy and job creation. The finalists come from different regions of the country and Innovation Minister Navdeep Bains said the proposals focus on fast-growing areas like artificial intelligence, advanced manufacturing... Read More

Toronto stock index down on tumbling oil prices, as the loonie remains unchanged

Toronto stock index down on tumbling oil prices, as the loonie remains unchanged
TORONTO — Tumbling oil prices saw the commodity-heavy Toronto stock index give up some of the week’s gains on Friday ahead of the holiday weekend. The S&P/TSX composite index dropped 47.98 points to 15,728.32, as the November crude contract fell $1.50 to US$49.29 per barrel. It was a wobbly week of fluctuating optimism and pessimism about OPEC oversupply fears. Panic... Read More

Alberta Investment Management and Scotiabank selling shares in TMX Group

Alberta Investment Management and Scotiabank selling shares in TMX Group
TORONTO — The Bank of Nova Scotia and Alberta Investment Management Corp. are reducing their stake in TMX Group Ltd. Scotiabank (TSX:BNS) and AIMCo have each agreed to sell 2.75 million shares in the stock exchange operator that combined represent a 9.9 per cent stake in the company. The shares (TSX:X) are being sold at a price of $67 per... Read More

Home Capital exec shuffle sees one VP replaced and another role eliminated

Home Capital exec shuffle sees one VP replaced and another role eliminated
TORONTO — Two more Home Capital Group Inc. (TSX:HCG) executives have left the company, with one being replaced and another’s position eliminated. The Toronto-based alternative lender says Pino Decina, executive vice-president of residential lending, and Chris Whyte, executive vice-president and chief operating officer, have departed from their roles at the organization. Home Capital says Edward Karthaus, whose was previously with D+H and Filogix LP, will... 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

Financials give TSX a minor boost, loonie down amid flat GPD numbers for July

Financials give TSX a minor boost, loonie down amid flat GPD numbers for July
TORONTO — Canada’s largest stock index posted a minor gain today, while the loonie fell amid the latest GDP numbers released by Statistics Canada. The S&P/TSX composite index advanced 16.69 points to 15,634.94, lead mainly by financials. Statistics Canada reported that gross domestic product was essentially unchanged at zero per cent growth in July compared with June, a development that... Read More