Skip to content

National Business

TransAlta signs deal to consolidate ownership of TransAlta Renewables

TransAlta signs deal to consolidate ownership of TransAlta Renewables

CALGARY — TransAlta Corp. says it has signed an agreement to acquire the minority stake in TransAlta Renewables Inc. that it does not already own in a deal it says will help simplify its structure and improve its strategic position.
Read more >
Gordon Reid, founder of discount store chain Giant Tiger, dies at 89

Gordon Reid, founder of discount store chain Giant Tiger, dies at 89

OTTAWA — Gordon Reid, the Canadian businessman who founded discount store chain Giant Tiger, has died at 89. The company says in a statement that Reid died at his home after a brief illness.
Read more >
Cineplex box office revenues near pre-COVID levels ahead of Barbie, Oppenheimer

Cineplex box office revenues near pre-COVID levels ahead of Barbie, Oppenheimer

TORONTO — Cineplex says box office revenues in June were $56 million, amounting to 98 per cent of box office revenues from the similar period in 2019.
Read more >
Postmedia, Toronto Star owner Nordstar end their merger discussions

Postmedia, Toronto Star owner Nordstar end their merger discussions

TORONTO — Canadian media companies Postmedia Network Canada Corp. and Nordstar Capital LP, the company that owns the Toronto Star, have ended discussions about a potential merger, saying they were unable to come to an agreement.
Read more >
Insurer Intact Financial reports $421 million in catastrophe losses in second quarter

Insurer Intact Financial reports $421 million in catastrophe losses in second quarter

TORONTO — Intact Financial Corp. estimates its catastrophe losses for the second quarter were around $421 million on a pre-tax basis. The property and casualty insurer says in a news release the loss amounted to $1.79 per share after tax.
Read more >
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,822.45, down $8.59): Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 22 cents, or 0.30 per cent, to $74.39 on 9.
Read more >
Dollarama chief financial officer J.P. Towner stepping down in coming months

Dollarama chief financial officer J.P. Towner stepping down in coming months

MONTREAL — Dollarama Inc.'s chief financial officer will be stepping down from his position in the coming months to pursue another career opportunity. The company says J.P.
Read more >
S&P/TSX composite ticks lower as telecom and utility stocks pull back, U.S. stocks up

S&P/TSX composite ticks lower as telecom and utility stocks pull back, U.S. stocks up

TORONTO — Canada's main stock index ticked lower Monday, weighed down by losses in telecom and utility stocks, while U.S. stock markets rose. It was a generally quiet day on the markets as investors gear up for a big Wednesday that will see U.S.
Read more >
Bombardier patrol planes would sport price tag 'competitive' with Boeing bid

Bombardier patrol planes would sport price tag 'competitive' with Boeing bid

MONTREAL — The patrol planes Bombardier Inc. hopes could replace aging Canadian military aircraft will have a price "competitive" with that of jets from rival Boeing Inc., the Montreal-based company says.
Read more >
Stock market today: Wall Street edges higher ahead of updates on inflation, profits

Stock market today: Wall Street edges higher ahead of updates on inflation, profits

NEW YORK (AP) — Stocks drifted higher on Wall Street ahead of a week with updates on where inflation and corporate profits are heading. The S&P 500 rose 0.2% Monday, coming off just its second losing week in the last eight. The Dow added 0.
Read more >