Skip to content

National Business

Toronto stock market breaks 12-day rally on global growth concerns

Toronto stock market breaks 12-day rally on global growth concerns

TORONTO — Canada's main stock index snapped its longest rally in nearly five years on Tuesday as concerns were stoked about slowing global economic growth. The S&P/TSX composite index's streak ended at 12 days by closing down 120.

Ontario premier defends carbon tax recession claims in wake of criticism

TORONTO — Premier Doug Ford doubled down Tuesday on his warning that a federal carbon tax will trigger a recession, despite mounting criticism from opponents and economists who called his claim baseless.

Most actively traded companies on the TSX

Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,233.76, down 120.40 points ). RNC Materials Corp. (TSX:RNX). Metals. Down five cents, or 7.46 per cent, to 62 cents on 18.1 million shares.
Alberta government to partially backstop new $2-billion bitumen upgrader

Alberta government to partially backstop new $2-billion bitumen upgrader

CALGARY — The Alberta government is providing a $440-million loan guarantee to help a Calgary-based company build a bitumen upgrader east of Edmonton. Value Creation Inc.
New food guide set to challenge prominence of meat, dairy industries

New food guide set to challenge prominence of meat, dairy industries

VANCOUVER — Health Canada unveiled a radically new food guide Tuesday that eliminates food groups, encourages plant-based foods over meat and dairy products, and is likely to force changes across the country's agricultural industry.
Belinda Stronach countersues father Frank as family legal feud continues

Belinda Stronach countersues father Frank as family legal feud continues

TORONTO — Belinda Stronach has countersued her father for millions of dollars in a statement of defence that alleges he lost vast sums of money on pet projects.
Tilray to buy Natura for up to $70M, doubling Canadian cultivation capacity

Tilray to buy Natura for up to $70M, doubling Canadian cultivation capacity

Tilray Inc. has inked a deal to buy Natura Naturals Holdings Inc. for up to $70 million, a move which roughly doubles the licensed cannabis producer's domestic cultivation capacity. Under the agreement announced Tuesday, the Nanaimo, B.C.
CannTrust gets OK from Pelham authorities for cultivation site expansion

CannTrust gets OK from Pelham authorities for cultivation site expansion

PELHAM, Ont. — Licensed producer CannTrust Holdings Inc. has got the green light from municipal authorities to proceed with the expansion of its cultivation facility in Pelham, Ont., but with a smaller footprint.
Elliott pushes for changes at eBay

Elliott pushes for changes at eBay

NEW YORK — An activist shareholder said Tuesday that eBay would be better off without StubHub or its classified ads businesses.
Canada's wholesale and manufacturing sales fell in November: Statistics Canada

Canada's wholesale and manufacturing sales fell in November: Statistics Canada

OTTAWA — The Canadian economy showed signs of weakness in November as both wholesale and manufacturing sales fell. Statistics Canada said Tuesday wholesale trade fell 1.0 per cent in November to $63.0 billion, more than offsetting the 0.