Stocks to Watch: Kirkland Lake Gold Ltd. (TSX:KL) Up +4.56%
At close of market on Monday, Kirkland Lake Gold Ltd. (TSX:KL) stock finished trading at +4.56%, bringing the stock price to $57.98 on the Toronto Stock Exchange. The stock price saw a low of $56.00 and a high of $57.98. The company’s stock was traded 5,216 times with a total of 702,811 shares traded. Kirkland […]
Stocks to Watch: Tourmaline Oil Corp. (TSX:TOU) Up +5.41%
At close of market on Monday, Tourmaline Oil Corp. (TSX:TOU) stock finished trading at +5.41%, bringing the stock price to $17.72 on the Toronto Stock Exchange. The stock price saw a low of $16.94 and a high of $17.81. The company’s stock was traded 5,293 times with a total of 1,515,775 shares traded. Tourmaline Oil […]
Ontario government writes off $445M loan to Chrysler
‘The Government of Ontario has written off this unrecoverable debt’ The Ontario government has written off a $445-million loan to automotive manufacturer Chrysler, saying it has “no legal recourse” to collect it. The $445-million figure was part of a loan issued by the governments of Canada and Ontario in 2009 to bail out the then-struggling corporation, which […]
$1B in warship contracts
The federal government is awarding $1 billion in warship maintenance work to two Canadian shipyards, with a third deal on the way. The five-year contracts announced Tuesday award $500 million in work to Chantier Davie shipyard in Quebec and Seaspan Victoria Shipyards in British Columbia. A similar deal with Irving Shipyards in Nova Scotia is […]
Canopy reports $1.8M loss
Canopy Rivers Inc., the venture capital arm of cannabis company Canopy Growth Corp., swung to a loss in its latest quarter as its operating expenses soared. The Toronto-based firm reported Tuesday a loss of $1.8 million in the three months ended March 31 compared with a profit of nearly $14.6 million in the same quarter […]
CP Rail rakes in profit
Canadian Pacific Railway Ltd. says it earned record second-quarter revenues of nearly $2 billion, driven by a leap in traffic across the board to beat analysts’ expectations. The Calgary-based company says its net income jumped more than two-thirds to $724 million or $5.17 per diluted share in the quarter ended June 30, compared with $436 […]