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Business News Summary Headlines

Company releases, economic news, and business coverage.

U.S. indexes finish lower ahead of Donald Trump inauguration, TSX ekes out gain

TORONTO - Stock markets in New York registered losses Thursday as investor sentiment appeared to sober, a day ahead of the inauguration of Donald Trump as the 45th president of the United States.

On Wall Street, the Dow Jones industrial average fell by 72.32 points to 19,732.40, wiping out the gains it has made this year and falling for the fifth day in a row. The S&P 500 dropped 8.2 points at 2,263.69 and the Nasdaq composite gave up 15.57 points at 5,540.08.

Thursday, January 19, 2017 | 05:11 PM

Most actively traded companies on the TSX

Some of the most active companies traded Thursday on the Toronto Stock Exchange:

Toronto Stock Exchange (15,409.81, up 11.96 points):

Thursday, January 19, 2017 | 04:46 PM

Trump uncertainty may be 'golden moment' for Canadian firms to invest: expert

OTTAWA - A well-known trade expert is pitching the counter-intuitive idea that widespread uncertainty tied to president-elect Donald Trump's protectionist vows has likely created a once-in-a-lifetime investment opportunity for companies.

Export Development Canada's Peter Hall says he's been advising business leaders to consider swooping in on investment opportunities here and abroad while others sit idle from fear over the trade and tax changes being floated in the U.S.

Thursday, January 19, 2017 | 04:41 PM

US ends probe of Tesla fatal crash without seeking recall

WASHINGTON - Tesla Motors Inc. won't face a recall or fine as a result of a fatal crash involving its Autopilot system, but U.S. safety regulators are warning auto manufacturers and drivers not to treat semiautonomous cars as if they were fully self-driving.

The National Highway Traffic Safety Administration said Thursday it found that the system had no safety defects at the time of the May 7 crash in Florida, and that it was primarily designed to prevent rear-end collisions rather than other crash scenarios.

Thursday, January 19, 2017 | 02:56 PM

Appeals court affirms conviction of coal CEO in deadly blast

CHARLESTON, W.Va. - A federal appeals court affirmed the criminal conviction of former Massey Energy CEO Don Blankenship on Thursday in connection with the deadliest U.S. mine disaster in four decades.

The 4th U.S. Circuit Court of Appeals dismissed the concerns of coal industry associations that Blankenship's conviction would set a new precedent putting many other coal executives at risk of being criminally prosecuted for common safety violations at their companies.

Thursday, January 19, 2017 | 02:39 PM

Quebec hikes minimum wage to $11.25 as of May 1

Quebec is boosting the province's minimum wage to $11.25 from $10.75, effective May 1.

The 50-cent increase is the biggest since 2010, Labour Minister Dominique Vien said Thursday.

Thursday, January 19, 2017 | 02:07 PM

Hotelier Schrager says pardon by Obama will bring closure

NEW YORK - Hotelier and real estate developer Ian Schrager says his presidential pardon will bring important closure for him and his family.

Schrager was sentenced in 1980 to 20 months behind bars for tax evasion. He was accused of hiding money from his celebrity hangout, Studio 54 concealing some of it in trash bags and ceiling panels.

Thursday, January 19, 2017 | 01:44 PM

Manufacturing sales top expectations for November, gaining 1.5 per cent

OTTAWA - Canadian manufacturing sales topped expectations in November as they climbed 1.5 per cent in the month to $51.8 billion.

Economists had expected a gain of 1.0 per cent for the month, according to Thomson Reuters.

Thursday, January 19, 2017 | 01:01 PM

Russian business world hopes for relief from Trump

DAVOS, Switzerland - Few people are more eager for Donald Trump's arrival in the White House than those who do business in Russia.

Hacking scandals? They expect that to blow over. Conflict in Ukraine? An artificial problem invented by Barack Obama, they argue.

Thursday, January 19, 2017 | 12:45 PM

Sweden not giving up fight over lobster imports

PORTLAND, Maine - Sweden isn't giving up on a long-running battle with the U.S. and Canada over lobsters that have turned up in Swedish waters.

Officials with Sweden told The Associated Press that their country is working on a new proposal about how to deal with American lobsters that have turned up. A controversy about whether American lobsters are invasive in Swedish waters has simmered for almost a year.

Thursday, January 19, 2017 | 12:21 PM