National Newswatch

Energy sector makes gains, lifts TSX and Wall Street, as loonie heads south

Jan 11 2018 — David Hodges, The Canadian Press — TORONTO — Canada's main stock index recovered from yesterday's NAFTA wobble, helped by gains in the energy sector, as the loonie weakened. The S&P/TSX composite index was up 38.99 points to 16,286.94 on Thursday, a day after markets fell into the red following reports the United States is poised to pull out of the North American Free Trade Agreement. "Yesterday […]

‘Don’t shop for the cheapest car’: tips on the smart way to buy used

Jan 11 2018 — David Hodges, The Canadian Press — TORONTO — Sales of new vehicles may have hit a record high, surpassing the two-million mark for the first time last year, but the majority of consumers are still projected to buy used primarily for one key reason: cost savings. DesRosiers Automotive Consultants forecasts that about 59 per cent of prospective buyers in Canada will purchase used vehicles this year. […]

TSX higher on oil price surge, Wall St. hits new record as loonie moves lower

Jan 9 2018 — David Hodges, The Canadian Press — TORONTO — A strong rally in the price of oil helped Canada's main stock index stay out of the red Tuesday, as Wall Street indices hit another all-time high. The S&P/TSX composite index was up 1.59 points to 16,319.24, with rising energy stocks offsetting losses in the materials sector. The February crude contract surged US$1.23 to US$62.96 per barrel. "There's […]

TSX hits another high as pot stocks fall after U.S. Attorney General report

Jan 4 2018 — David Hodges, The Canadian Press — TORONTO — It was another record close for Canada's main stock index despite a sharp drop in the health-care sector, which includes some of the country's biggest marijuana companies. The S&P/TSX composite index was up 41.39 points to 16,412.94, gaining ground throughout the day after flatlining earlier on Thursday amid a free fall in cannabis stocks.  Pot stocks […]

Toronto stock index and Wall Street hit new record highs, loonie down

Jan 3 2018 — David Hodges, The Canadian Press — TORONTO — Rallying oil prices helped push Canada's main stock index and its U.S. counterparts into record territory on Wednesday, while the loonie lost ground. The S&P/TSX composite index advanced 61.56 points to 16,371.55, with energy shares up 1.5 per cent as the February crude contract surged US$1.26 to US$61.63 per barrel. Oil prices are at two-and-a-half-year highs and are […]

CanniMed says hostile takeover bid by Aurora weighing on share value

Jan 3 2018 — David Hodges, The Canadian Press — TORONTO — CanniMed Therapeutics Inc. is urging its shareholders to reject a hostile takeover bid by competitor Aurora Cannabis Inc., criticizing the value of the proposed deal and its effect on its share price. In a letter to shareholders released Wednesday, the Saskatoon-based medical marijuana producer said its shares are trading above Aurora's offer of $24 and would […]

Price of oil cruises past US$60 mark, as TSX retreats from record-setting pace

Dec 29 2017 — David Hodges, The Canadian Press — TORONTO — Crossing the US$60 oil barrier wasn't enough to steer the Toronto stock index out of the red ahead of the New Year's Eve holiday weekend, as Canadian cannabis companies experienced a volatile trading day. The February crude contract climbed 58 cents to US$60.42 per barrel on Friday, its highest level since June 24, 2015.  Despite oil's momentum, energy stocks […]

Shares of several Canadian cannabis companies temporarily halted on TSX

Dec 29 2017 — David Hodges, The Canadian Press — TORONTO — Several Canadian cannabis companies had their stocks temporarily halted on the Toronto Stock Exchange early Friday afternoon due to volatile swings in trading. The Investment Industry Regulatory Organization of Canada (IIROC) halted trading on Canopy Growth Corp. (TSX:WEED), Aphria Inc. (TSX:APH), Aurora Cannabis Inc. (TSX:ACB) and MedReleaf Corp. (TSX:LEAF) between approximately 12:15 p.m. and 12:30 p.m. ET. […]

Shares of several Canadian cannabis companies temporarily halted on TSX

Dec 29 2017 — David Hodges, The Canadian Press — TORONTO — Several Canadian cannabis companies had their stocks temporarily halted on the Toronto Stock Exchange early Friday afternoon due to volatile swings in trading. The Investment Industry Regulatory Organization of Canada (IIROC) halted trading on Canopy Growth Corp. (TSX:WEED), Aphria Inc. (TSX:APH), Aurora Cannabis Inc. (TSX:ACB) and MedReleaf Corp. (TSX:LEAF) between approximately 12:15 p.m. and 12:30 p.m. ET. […]

Toronto stock index sets 2nd straight record high, Canadian dollar rises

Dec 28 2017 — David Hodges, The Canadian Press — TORONTO — Canada's main stock index hit an all-time record for a second straight trading session, bolstered in part by surging cannabis stocks, as the loonie hit its highest level in nearly three months. The S&P/TSX composite index advanced 18.82 points to 16,221.95, with shares of pot producers Canopy Growth Corp. (TSX:WEED) and Aphria Inc. (TSX:APH) up 9.51 per […]

North American stock markets down moderately ahead of Christmas holiday weekend

Dec 22 2017 — David Hodges, The Canadian Press — TORONTO — Canada's main stock index and its American peers posted minor losses in a low-volume trading session on Friday ahead of the Christmas holiday weekend. The Toronto Stock Exchange's S&P/TSX composite index was down 17.36 points to 16,165.27, with the gold sector leading major advancers. The February gold contract was up $8.20 to US$1,278.80 an ounce. South or the […]