National Newswatch

TMX exchanges operating normally Friday after glitch forced halt a day earlier

Feb 28 2020 — Ian Bickis, The Canadian Press — TORONTO — TMX Group says trading activity is operating normally on its exchanges after a malfunction Thursday forced it to close trading early amid a major market selloff.  With trading resumed Friday, the Toronto Stock Exchange was trading down about 3.7 per cent in mid-afternoon trading amid concerns about the coronavirus, worse than U.S. markets which had a steep late-day selloff a […]

CBRE predicts record $50 billion investment for commercial real estate this year

Feb 25 2020 — Ian Bickis, The Canadian Press — TORONTO — Canada could see a record-breaking $50-billion worth of investment in commercial real estate this year as economic tailwinds and immigration policies support the booming sector, according to a report by CBRE, but it says the strong economy is also creating challenges of affordability and supply. The commercial real estate services firm said Tuesday that total investment would be about $5 […]

RioCan says focused on major markets, ready to weather retail challenges

Feb 20 2020 — Ian Bickis, The Canadian Press — TORONTO — RioCan Real Estate Investment Trust says it is well-positioned to weather challenges in the retail landscape as it focuses on necessity-based retailers and major urban centres. "While there's no question the retail landscape is evolving and it's full of challenges, RioCan is ideally suited to succeed in this environment," said Jonathan Gitlin, president and […]

Magna scaling back Lyft partnership as fully self-driving systems look further off

Jan 16 2020 — Ian Bickis, The Canadian Press — TORONTO — Magna International Inc. is scaling back its partnership with Lyft Inc. to co-develop self-driving technology as it focuses research and development spending on more near-term prospects. It was only about two years ago that the Aurora, Ont.,-based auto parts giant struck an ambitious partnership with ride-hailing firm Lyft to develop and manufacture self-driving systems at […]