Business Buzz


Markets still stuck in mud
The Canadian Press - Oct 27, 2020 - Business Buzz

TORONTO — North American stock markets were relatively flat Tuesday with corporate earnings dictating the share performance of individual companies. “Strong earnings are leading to price increases and disappointing earnings results are leading to reversals for stocks,” said Craig Jerusalim, portfolio manager at CIBC Asset Management. “And that’s the way it should be, back to […]

Rubik’s Cube moves to Canada
The Canadian Press - Oct 27, 2020 - Business Buzz

Canadian toymaker Spin Master Corp. is taking Rubik’s Cube for another spin around the block. Hungarian puzzle enthusiast and teacher Erno Rubik invented the multi-coloured cube in 1974, and the toy became a commercial success after it launched globally in 1980. Toronto-based Spin Master, which includes Paw Patrol, Hatchimals and Gund among its toy brands, […]

Pandemic bites into Tims profit
The Canadian Press - Oct 27, 2020 - Business Buzz

TORONTO — The pandemic continued eating into profits for Restaurant Brands International Inc. in the third-quarter, as disruption to daily rituals like going to work and taking kids to hockey curbed sales. The parent company of Tim Hortons, Burger King and Popeyes, which keeps its books in U.S. dollars, said Tuesday its net income for […]

Cuba trip for Atlantic bubble
The Canadian Press - Oct 27, 2020 - Business Buzz

HALIFAX — A Halifax travel agency is offering two, weeklong trips to Cuba reserved exclusively for residents of the Atlantic Canada bubble. Absolute Travel Specialists says it will charter two Air Canada flights—one in February and another in March—for Atlantic Canadians who want to get some sun in the winter and stay safe from COVID-19. […]

Markets plummet to open week
The Canadian Press - Oct 26, 2020 - Business Buzz

TORONTO — Surging global COVID-19 infections and lagging U.S. stimulus talks sent North American stock markets lower to start the week with Canada’s main index facing a broad-based decline led by energy. “The tone in the markets here today is decisively risk off,” said Candice Bangsund, portfolio manager for Fiera Capital. Weekend virus numbers were […]

More oil mergers likely
The Canadian Press - Oct 26, 2020 - Business Buzz

CALGARY — The all-share deal by Cenovus Energy Inc. to buy Husky Energy Inc. for about $3.8 billion will likely spark more mega-mergers among Canadian oil and gas majors, according to a veteran oilsands analyst. “This is likely just the start of big deals in Canadian energy land and thus it begs the question of […]

Alipay could shatter IPO record
The Canadian Press - Oct 26, 2020 - Business Buzz

HONG KONG — The world’s largest fintech company, China’s Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records. Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely used Alipay digital wallet in China and one of the world’s largest money […]

Toronto app helps US voters
The Canadian Press - Oct 26, 2020 - Business Buzz

WASHINGTON, Wash. — As voter turnout in the U.S. stalks new records, a Toronto entrepreneur is hoping his new app will help ease the anxiety that comes with casting a ballot in 2020. Users of the app, called Glimpse Social, look on a U.S. map for the polling station they hope to visit, then drop […]

Campaign keeps markets flat
The Canadian Press - Oct 23, 2020 - Business Buzz

North American stock markets ended a second flat week of trading Friday as investors held back ahead of the upcoming U.S. presidential election. The S&P/TSX composite index closed up 24.72 points to 16,304.08. That marked the ninth time in 10 trading sessions with movement of less than 100 points. In New York, the Dow Jones […]

Oil curtailment quotas ending
The Canadian Press - Oct 23, 2020 - Business Buzz

CALGARY — Alberta’s oil curtailment quotas are set to end in December, nearly two years after the previous NDP government introduced them to support oil prices, the UCP government announced Friday. The curtailments, reset monthly, are no longer necessary because 16% of Alberta’s crude oil production is off line, down from 22% at the start […]