Skip to content

National Business

Most actively traded companies on the TSX

Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,327.35, down 99.12 points ). Prometic Life Sciences Inc. Health care. Unchanged at 4.5 cents on 14.2 million shares.

Ontario government spending growth slowest in 30 years under Tories: Watchdog

TORONTO — Program spending under Ontario's Progressive Conservatives, which will drop to its lowest level in 30 years, could contribute to weaker economic growth at a time when fiscal clouds are gathering, the province's budget watchdog said Wednesda
Encana CEO says Canadian oilfield would produce more if regulated in the U.S.

Encana CEO says Canadian oilfield would produce more if regulated in the U.S.

CALGARY — Western Canada's Montney oil and gas region would be two to four times more productive if it was in the United States with its more efficient regulatory systems, says the CEO of Encana Corp.
Postmedia invests in The Logic's subscription-based digital news service

Postmedia invests in The Logic's subscription-based digital news service

TORONTO — Postmedia Network Inc. plans to buy a minority stake in The Logic Inc. — a digital-only Canadian media outlet with a mandate to break tech-focused news through investigative journalism.
Methane ignites at Cape Breton coal mine rock face, no injuries reported

Methane ignites at Cape Breton coal mine rock face, no injuries reported

DONKIN, N.S. — A Cape Breton colliery has been issued another stop work order after a methane fire occurred as coal miners worked on the rock face Tuesday afternoon.

Nevada court orders former Vancouver man to pay back $21.7 million to investors

VANCOUVER — The British Columbia Securities Commission says it has won a court decision in Nevada that enforces a $21.7-million order against a man accused of defrauding his Canadian clients.
Mnuchin says he was unaware of IRS memo on tax returns

Mnuchin says he was unaware of IRS memo on tax returns

WASHINGTON — Treasury Secretary Steven Mnuchin said Wednesday he has no idea who wrote a confidential Internal Revenue Service legal memo that says that tax returns must be given to Congress unless the president asserts executive privilege.
CMHC says Canadians debt levels hit record highs at end of last year

CMHC says Canadians debt levels hit record highs at end of last year

TORONTO — Canadian household debt reached a record high at the end of last year even as mortgage activity slowed, the Canada Mortgage and Housing Corp. said in a report out Wednesday. The debt to income ratio of Canadians hit a record high of 178.
Sluggish loan growth eats into CIBC's Q2 profits in the wake of five rate hikes

Sluggish loan growth eats into CIBC's Q2 profits in the wake of five rate hikes

TORONTO — Canadian Imperial Bank Of Commerce saw slow growth in personal and small business banking, offsetting its gains in capital markets and U.S. commercial banking as total earnings fell short of analysts' expectations.

Virginia airline founder charged with fraud, tax evasion

NEWPORT NEWS, Va. — The leader of an ill-fated effort to revive the People Express airline has been indicted on fraud and tax evasion charges. The Daily Press reports Michael D.