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Russel Metals posts net loss of $9 million in the fourth quarter
MISSISSAUGA, Ont. — Russel Metals says it lost more money in the fourth quarter than in the same period in 2019. The Mississauga-based company says it had a net loss of $9 million in the three months that ended Dec.
Feb 10, 2021 5:13 PM
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As music rights sales heat up, Merck Mercuriadis swoops in with big offers
TORONTO — Merck Mercuriadis is holding a Canadian treasure in his hands. Deep into a conversation about the future of the music industry, the head of the Hipgnosis Songs Fund steps away from his webcam to pull a vinyl record from his shelf.
Feb 10, 2021 4:58 PM
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Manulife profits rise 45 per cent in fourth quarter but core earnings dip slightly
TORONTO — Manulife Financial Corp. says its fourth-quarter profits rose 45 per cent from a year ago, as gains from interest rates and bond sales offset lower volumes of new business during the COVID-19 pandemic last year.
Feb 10, 2021 4:42 PM
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Sun Life Financial beats expectations as Q4 profits climbs 3.5% to $744 million
TORONTO — Sun Life Financial Inc. beat expectations as it reported that fourth-quarter profits grew 3.5 per cent to $744 million, up from $719 million in the same quarter a year earlier.
Feb 10, 2021 4:30 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (18,457.78, up 49.16 points.) The Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Up seven cents, or 16.
Feb 10, 2021 3:52 PM
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New Brunswick Premier Blaine Higgs uses annual speech to highlight economic growth
FREDERICTON — The premier of New Brunswick says more than $200 million in new, private investment projects are an indicator of growth in the province over the past year despite the COVID-19 pandemic.
Feb 10, 2021 3:37 PM
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S&P/TSX climbs for an eighth-straight day as interest in cannabis stocks grow
TORONTO — Canada's main stock index continued its record-setting run for an eighth day on a rising energy sector and cannabis stocks reportedly surging from interest by retail investors. The S&P/TSX composite index closed up 49.
Feb 10, 2021 3:20 PM
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Flair announces plans to add eight domestic routes as other airlines cut service
Low-cost carrier Flair Airlines says it is expanding service to eight cities in Canada, bringing its number of domestic destinations to 18 by the summer.
Feb 10, 2021 2:51 PM
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Health units with low virus transmission urge caution as Ontario gradually reopens
TORONTO — Public health restrictions loosened in three Ontario regions with low rates of COVID-19 on Wednesday, with local officials warning that visitors from other areas weren't welcome at reopened businesses.
Feb 10, 2021 2:45 PM
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Powell stresses commitment to full employment and low rates
WASHINGTON — Federal Reserve Chair Jerome Powell on Wednesday underscored the Fed's commitment to reducing unemployment to multi-decade lows, where it stood before the pandemic, while signalling little concern about the risk of potentially high infla
Feb 10, 2021 2:10 PM
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