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Utility, telecom stocks help lift S&P/TSX composite, U.S. stock markets in the red

Utility, telecom stocks help lift S&P/TSX composite, U.S. stock markets in the red

TORONTO — Strength in utility and telecom stocks helped lift Canada's main stock index higher on Thursday, while U.S. stock markets moved lower. The S&P/TSX composite index closed up 103.00 points at 19,137.81.
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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 Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,137.81, up 103.00 points): TC Energy Corp. (TSX:TRP). Energy. Up 66 cents, or 1.46 per cent, to $45.89 on 9.6 million shares.
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Nova Scotia to address housing shortage by boosting tax for short-term rentals

Nova Scotia to address housing shortage by boosting tax for short-term rentals

HALIFAX — The Nova Scotia government’s plan to increase the annual registration tax for short-term rentals, such as apartments and Airbnbs, is being panned by the province’s opposition parties as inconsequential.
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Former Rogers CEO responds to countersuit, alleges 'campaign of dishonesty'

Former Rogers CEO responds to countersuit, alleges 'campaign of dishonesty'

TORONTO — The former chief executive of Rogers Communications Inc. has fired back at the company, alleging Rogers is carrying out "a campaign of dishonesty" surrounding his ouster in November 2021 by fabricating claims in its defence to his lawsuit.
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IMF chief says the global economy has shown resilience in the face of COVID, war and high rates

IMF chief says the global economy has shown resilience in the face of COVID, war and high rates

WASHINGTON (AP) — The global economy has shown “remarkable resilience’’ but still bears deep scars from the coronavirus pandemic, the war in Ukraine and rising interest rates , the head of the International Monetary Fund said Thursday.
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Exchange Income Corp. buys DryAir Manufacturing for $60 million in cash and shares

Exchange Income Corp. buys DryAir Manufacturing for $60 million in cash and shares

WINNIPEG — Exchange Income Corp. says it has acquired DryAir Manufacturing Corp. for $60 million in cash and shares. Under the deal, EIC paid $15 million in shares and $45 million in cash.
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Self-employment pulls back as younger Canadians shy away from entrepreneurship: RBC

Self-employment pulls back as younger Canadians shy away from entrepreneurship: RBC

TORONTO — Younger Canadians don't want to be their own bosses, intensifying the slowdown in entrepreneurship in Canada, according to a new RBC report.
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NFI Group signs contract with Houston for up to 210 clean-diesel transit buses

NFI Group signs contract with Houston for up to 210 clean-diesel transit buses

WINNIPEG — NFI Group Inc. says it has signed a deal with the Houston Metropolitan Transit Authority for up to 210 buses. Financial terms of the deal were not immediately available.
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Statistics Canada says country posts $718M merchandise trade surplus for August

Statistics Canada says country posts $718M merchandise trade surplus for August

OTTAWA — Canada's merchandise trade balance shifted to a surplus in August, helped by strong growth in exports of unwrought gold and crude oil, Statistics Canada said.
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Housing starts up 1% in first half of 2023 as apartment starts offset declines: CMHC

Housing starts up 1% in first half of 2023 as apartment starts offset declines: CMHC

OTTAWA — The Canada Mortgage and Housing Corp. says construction of new homes increased slightly across several of Canada's major cities in the first half of 2023, as the pace of apartment starts helped offset declines in other dwelling types.
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