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Business News Summary Headlines

Company releases, economic news, and business coverage.

Most actively traded companies on the TSX

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

Toronto Stock Exchange (15,412.70, down 57.4 points).

Monday, October 22, 2018 | 05:05 PM

Material, financial stocks weigh on Toronto stock market, loonie flat

TORONTO - Canada's main stock index closed down Monday as investors remain cautious after a recent see-saw in markets while U.S. indices were mixed.

Losses on the Toronto Stock Exchange were widespread across materials, financials and energy indexes while more conservative utilities and real estate indexes rose.

Monday, October 22, 2018 | 04:54 PM

Canadian embassy in Greece vandalized by group in apparent opposition to mining

OTTAWA - A Greek anarchist group has claimed responsibility for an attack on the Canadian embassy in the country early Sunday morning.

The group known as Rouvikonas said in a statement posted online that the attack was motivated by opposition to the embassy's support for Eldorado Gold Corp.'s mining plans in Greece.

Monday, October 22, 2018 | 04:26 PM

Bombardier CEO tried to resolve trade-secret row with Mitsubishi before lawsuit

MONTREAL - Bombardier's chief executive intervened twice over the past two years to try to resolve a dispute between the Quebec aircraft manufacturer and Mitsubishi regarding alleged theft of intellectual property, a row that has now reached U.S. courts.

In a letter sent Jan. 27, 2017, Alain Bellemare warned Mitsubishi Heavy Industries board chairman Hideaki Omiya that the practices of subsidiary Mitsubishi Aircraft were causing "significant harm" to Bombardier.

Monday, October 22, 2018 | 04:20 PM

Ultra-low-cost carrier Wow Air rolls out new route between Vancouver and Iceland

Vancouverites looking for low-cost flights to Iceland will soon have a new option when discount airline Wow Air adds a route out of the West Coast.

The announcement, which stacks more competition onto a crowded market, means passengers can soon fly out of Vancouver International Airport to Reykjavik, the island nation's capital, six days a week.

Monday, October 22, 2018 | 04:03 PM

Inquiry into telecom sales practices told only 'tip of iceberg' is visible to ombudsman

GATINEAU, Que. - Government-ordered hearings into complaints about Canada's largest telecommunications providers got underway Monday with an industry-funded ombudsman saying his group has limited insight into problem sales practices.

The Commission for Complaints for Telecom-Television Services a private-sector body has found the biggest problem is a "mismatch" between what customers expect and what they actually get, CCTS commissioner Howard Maker said.

Monday, October 22, 2018 | 03:40 PM

Report casts doubt on value of protecting Chapter 19 in Cda-US trade talks

WASHINGTON - The dispute-resolution tool that consumed so much energy during NAFTA talks with the United States has a middling record of defending Canadian exporters, a new think-tank report says raising questions about what the federal government gave up to preserve it.

Chapter 19, as the 30-year-old mechanism is known, provided Canada a degree of relief in only 12 out of 54 complaints filed against the U.S. since 1994 the last one 15 years ago, says the report, to be released Tuesday by the left-wing Canadian Centre for Policy Alternatives.

Monday, October 22, 2018 | 03:28 PM

Conservatives say Energy East would prevent dependence on Saudi oil

OTTAWA - The federal Conservatives are invoking the risk of dependence on oil from countries like Saudi Arabia as an argument to revive the Energy East pipeline, even though the pipeline was intended to carry oil almost entirely for export.

Pierre Paul-Hus, a Quebec MP, told reporters Monday that it is time to stop being "hypocritical" about energy supply. He said Conservative Leader Andrew Scheer's proposal to sit down with TransCanada is aimed at making Canada self-sufficient in oil.

Monday, October 22, 2018 | 03:09 PM

Correction: CBS-Parsons story

In some versions of a headline on a story Oct. 21 and 22 about an interim CBS chairman resigning, The Associated Press erroneously reported the last name of the chairman. It's Parsons, not Parson.

A corrected version of the story is below:

Monday, October 22, 2018 | 01:26 PM

Saudi prince's future put to the test at investment forum

DUBAI, United Arab Emirates - Saudi Arabia is moving ahead with plans to hold a glitzy investment forum, despite some of its most important speakers pulling out in the global outcry over the killing of Saudi journalist Jamal Khashoggi.

The Future Investment Initiative, which kicks off Tuesday, was intended to draw leading investors who could help underwrite Crown Prince Mohammed bin Salman's ambitious plans to revamp the economy. But after the wave of cancellations, it could instead highlight the kingdom's growing isolation and the damage inflicted on the prince's reputation as well as potentially his political future.

Monday, October 22, 2018 | 12:25 PM