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Business News Summary Headlines

Company releases, economic news, and business coverage.

North American markets fall into the red, loonie down half a cent

TORONTO - The loonie lost more than half a cent on Tuesday as Canada's main stock index fell and U.S. stocks ended a six-day winning streak following a long holiday weekend.

The Canadian dollar closed at an average trading value of 79.23 cents US, down 0.51 of a cent US from Friday.

Tuesday, February 20, 2018 | 05:04 PM

Highlights of Tuesday's British Columbia budget

VICTORIA - Highlights of British Columbia's 2018-19 budget presented Tuesday:

Effective Wednesday, a tax on foreign homebuyers increases by $5,000 to $20,000 and expands from Metro Vancouver to include homes in the Victoria-area, the Fraser Valley, the central Okanagan district in the province's Interior, and the Nanaimo Regional District.

Tuesday, February 20, 2018 | 05:02 PM

Ontario Liberals bring in bill retaliating against Buy American provisions

TORONTO - With roughly three months before a spring election, Ontario's governing Liberals are using the last legislative session to push back against any state that adopts Buy American provisions, saying the move is necessary to protect the province's workers and businesses.

The Liberals kicked off the session Tuesday by introducing a bill that would reduce procurement opportunities for states that adopt such provisions, by allowing provincial officials to write regulations targeting individual states.

Tuesday, February 20, 2018 | 04:53 PM

Most actively traded companies on the TSX

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

Toronto Stock Exchange (15,439.44, down 13.20 points)

Tuesday, February 20, 2018 | 04:31 PM

Thomson Reuters CEO Jim Smith expected to make full recovery after hospital stay

TORONTO - Thomson Reuters Corp. president and chief executive Jim Smith remains in hospital a week after falling ill with what's been diagnosed as arrhythmia, which is an irregular heart beat.

The company said Tuesday that Smith's condition was stable and doctors expect a full recovery. It said he's expected to be released from hospital within two weeks.

Tuesday, February 20, 2018 | 04:25 PM

Electric vehicle advocates looking for signal of support in federal budget

MONTREAL - Electric car advocates are hoping to get a signal in next week's federal budget that the government is prepared to support sales across the country even as Ontario overtook Quebec for selling the most electric vehicles last year.

Cara Clairman, CEO of electric vehicle advocacy group Plug'n Drive, says Transport Minister Marc Garneau has received a wide range of recommendations from an advisory committee, including the adoption of national financial incentives.

Tuesday, February 20, 2018 | 04:21 PM

Venezuela's digital coin makes debut

CARACAS, Venezuela - Venezuela on Tuesday was set to become the first country to launch its own version of bitcoin, a move it hopes will provide a much-needed boost to its credit-stricken economy.

Officials say the so-called petro is backed by Venezuela's crude oil reserves, the largest in the world, though it hasn't released any details on how this will be guaranteed.

Tuesday, February 20, 2018 | 04:12 PM

Marijuana producer Aphria lowers cash portion of offer for Nuuvera

LEAMINGTON, Ont. - In an unusual move, licensed marijuana producer Aphria Inc. is cutting the amount of cash it is offering for cannabis company Nuuvera Inc. from $1 to 60 cents per share as Nuuvera seeks to fully acquire its subsidiary Avanti Rx Analytics.

Leamington, Ont.-based Aphria said Tuesday it reached an agreement with Toronto-based Nuuvera to the lower the price but did not elaborate on why.

Tuesday, February 20, 2018 | 04:09 PM

Liberals asked to make basic living costs more affordable in poverty plan

OTTAWA - The minister in charge of a federal plan to reduce poverty nationwide says he has heard clearly that Canadians want the Liberals to find a way to make it easier to cover the basic costs of living as part of a sweeping strategy to be released this year.

Helping to cover the cost of the monthly rent, healthy food and transportation, among other necessities of every day life, was a key message from the more than 8,000 Canadians who gave their ideas on the plan.

Tuesday, February 20, 2018 | 04:04 PM

Nova Scotia sells power to N.L. for first time through new Maritime Link

Nova Scotia is now exporting power to Newfoundland.

Electricity is being carried via the new Maritime Link, two 170-kilometre subsea cables laid across the Cabot Strait last year.

Tuesday, February 20, 2018 | 03:57 PM