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Toronto stock index sets 2nd straight record high, Canadian dollar rises
– canadianbusiness.com
TORONTO _ Canada’s main stock index hit an all-time high for a second straight day, bolstered in part by surging cannabis stocks, as the loonie gained ground.
The S&P/TSX composite index advanced 18.82 points to 16,221.95, with shares of pot producers Canopy Growth Corp. (TSX:WEED) and Aphria Inc. (TSX:APH) up more than nine per cent and six per cent, respectively.
In New York, the Dow Jones industrial average gained 63.21 points to 24,837.51. The S&P 500 index was up 4.92 points to 2,687.54 and the Nasdaq composite index added 10.82 points to 6,950.16.
The Canadian dollar closed at an average trading value of 79.44 cents US, up 0.33 of a U.S. cent.
In commodities, the February crude contract was up 20 cents to US$59.84 per barrel and the February natural gas contract added 18 cents to US$2.91 per mmBTU.
The February gold contract gained $5.80 to US$1,297.20 an ounce and the March copper contract was up two cents to US$3.31 a pound.
The post Toronto stock index sets 2nd straight record high, Canadian dollar rises appeared first on Canadian Business – Your Source For Business News.
The S&P/TSX composite index advanced 18.82 points to 16,221.95, with shares of pot producers Canopy Growth Corp. (TSX:WEED) and Aphria Inc. (TSX:APH) up more than nine per cent and six per cent, respectively.
In New York, the Dow Jones industrial average gained 63.21 points to 24,837.51. The S&P 500 index was up 4.92 points to 2,687.54 and the Nasdaq composite index added 10.82 points to 6,950.16.
The Canadian dollar closed at an average trading value of 79.44 cents US, up 0.33 of a U.S. cent.
In commodities, the February crude contract was up 20 cents to US$59.84 per barrel and the February natural gas contract added 18 cents to US$2.91 per mmBTU.
The February gold contract gained $5.80 to US$1,297.20 an ounce and the March copper contract was up two cents to US$3.31 a pound.
The post Toronto stock index sets 2nd straight record high, Canadian dollar rises appeared first on Canadian Business – Your Source For Business News.
Where Wall Street Meets Broadway
– online.wsj.com
‘Wait Till the Sun Shines, Nellie,’ sing the stock traders.National PostFiery nighttime blaze kills 15 at rooftop Mumbai restaurantNational PostIn this image made from video, a building is on fire in Mumbai, India, early Friday, Dec. 29, 2017. A number of people were killed and many more injured in a fire that broke out in a restaurant in Mumbai, India's financial and entertainment capital …Huge fire at Mumbai restaurant kills at least 14Digital JournalLive updates: 14 killed, 21 injured in fire at Mumbai's Kamala MillsEconomic TimesKamala Mills compound fire in Mumbai kills 14: Blaze latest in city incidents caused by safety norm violationsFirstpostLivemint -Business Today -Eyewitness News -News18all 343 news articles »
Sobey families consolidate Empire voting shares into single holding company
– canadianbusiness.com
STELLARTON, N.S. _ The three branches of the Sobey family that control Canada’s second-largest grocery business have decided to put all of their Class B shares of Empire Co. Ltd. into a single holding company.
The president of the new holding company, Stewart Mahoney, says the three families believe the new governance structure will be a better way to administer their interests in Empire _ the publicly traded parent of Sobeys Inc.
The business traces its history to 1907, when John William (J.W.) Sobey started a meat delivery business with a horse-drawn cart in Stellarton, N.S.
Empire Co. Ltd. was incorporated in February 1963 and has grown to about $24 billion of annual sales in fiscal 2017, mostly from its national network of grocery stores under various banners.
The Empire Class B stock was acquired from companies controlled by David F. Sobey, children of the late William Sobey and Donald R. Sobey.
Class B Holdings Ltd. now has 92.66 per cent of Empire’s outstanding voting common shares…
The president of the new holding company, Stewart Mahoney, says the three families believe the new governance structure will be a better way to administer their interests in Empire _ the publicly traded parent of Sobeys Inc.
The business traces its history to 1907, when John William (J.W.) Sobey started a meat delivery business with a horse-drawn cart in Stellarton, N.S.
Empire Co. Ltd. was incorporated in February 1963 and has grown to about $24 billion of annual sales in fiscal 2017, mostly from its national network of grocery stores under various banners.
The Empire Class B stock was acquired from companies controlled by David F. Sobey, children of the late William Sobey and Donald R. Sobey.
Class B Holdings Ltd. now has 92.66 per cent of Empire’s outstanding voting common shares…
Newly minted Manulife CEO Roy Gori veers from alternative assets
– theglobeandmail.com
Mr. Gori has decided to lessen Manulife’s dependence on alternative assets, such as timberland, agricultural crops and oil and gas wells
