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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 (21,834.89, up 46.29 points.) Athabasca Oil Corp. (TSX:ATH). Energy. Up five cents, or 2.5 per cent, to $2.04 on 32.7 million shares.
Canadian banks hit with tax hike in federal budget, worry about competitiveness

Canadian banks hit with tax hike in federal budget, worry about competitiveness

TORONTO — The federal budget tabled Thursday includes a smaller-than-expected tax hike for financial institutions, but bank CEOs say a corporate tax rate increase will hurt Canada's competitiveness on the global stage. Thegovernmentannounced a 1.
N.L. budget forecasts $351-million deficit, drop in oil revenues

N.L. budget forecasts $351-million deficit, drop in oil revenues

ST. JOHN'S, N.L. — Newfoundland and Labrador forecast a $351-million deficit in its budget tabled on Thursday, projecting a significant drop in oil royalties for the 2022-23 fiscal year at a time when oil prices are skyrocketing.
S&P/TSX composite reverses early losses to edge higher ahead of budget release

S&P/TSX composite reverses early losses to edge higher ahead of budget release

TORONTO — Canada's main stock index reversed early losses to edge higher Thursday as the materials and energy sectors strengthened ahead of the afternoon release of the federal budget. The S&P/TSX composite index closed up 46.29 points to 21,834.
RBC CEO says 'orderly transition' to net-zero crucial amid criticism of climate plan

RBC CEO says 'orderly transition' to net-zero crucial amid criticism of climate plan

TORONTO — Royal Bank of Canada's chief executive officer said Thursday that an "orderly transition" to a net-zero economy is crucial, as he faced questions about the bank's climate strategy and ongoing financing of fossil fuels during its annual shar
Lynx Air launches maiden voyage, joining the low-cost carrier dogfight

Lynx Air launches maiden voyage, joining the low-cost carrier dogfight

Lynx Air made its inaugural flight Thursday, marking the latest entrant into Canada's increasingly crowded budget airline market.
Manhattan DA: Trump criminal investigation is continuing

Manhattan DA: Trump criminal investigation is continuing

NEW YORK (AP) — Refuting suggestions that he’s lost interest in going after Donald Trump, Manhattan District Attorney Alvin Bragg said Thursday a criminal investigation into the former president and his business practices is continuing “without fear
Congress votes to suspend Russia trade status, enact oil ban

Congress votes to suspend Russia trade status, enact oil ban

WASHINGTON (AP) — Congress voted overwhelmingly Thursday to suspend normal trade relations with Russia and ban the importation of its oil, ratcheting up the U.S. response to Russia's invasion of Ukraine amid reports of atrocities.
Corus lands largest U.S. market distribution deal ever with streaming service Hulu

Corus lands largest U.S. market distribution deal ever with streaming service Hulu

TORONTO — Canadian media company Corus Entertainment Inc. has landed its largest U.S. distribution deal ever with subscription streaming service Hulu.
Roots caps strong year with profits rising 47 per cent to $18.1 million in Q4

Roots caps strong year with profits rising 47 per cent to $18.1 million in Q4

TORONTO — Roots Corp. beat expectations as it capped a strong 2021 with net profits increasing 47 per cent in the fourth quarter. The Toronto-based clothing retailer says it earned $18.