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In duel with small investors over GameStop, big funds blink

In duel with small investors over GameStop, big funds blink

Across most of America, GameStop is just a place to buy a video game. On Wall Street, though, it's become a battleground where swarms of smaller investors see themselves making an epic stand against the 1%.
Stocks have their worst day since October as Big Tech sinks

Stocks have their worst day since October as Big Tech sinks

Technology companies led a broad sell-off in stocks Wednesday, knocking more than 600 points off the Dow Jones Industrial Average and handing the market its worst day in nearly three months. The S&P 500 fell 2.
Fed stresses its commitment to low rates as economy stumbles

Fed stresses its commitment to low rates as economy stumbles

WASHINGTON — Chair Jerome Powell said Wednesday that the Federal Reserve will keep pursuing its low-interest rate policies until an economic recovery is well underway, acknowledging that the economy has faltered in recent months.
CP Rail beats earnings forecasts as Q4 profit up 21 per cent despite softer revenues

CP Rail beats earnings forecasts as Q4 profit up 21 per cent despite softer revenues

Canadian Pacific Railway Ltd. is optimistic about 2021 after concluding a record year with net profits surging nearly 21 per cent in the fourth quarter despite softer revenues. "We're ready for the year. We've got the momentum.
Tensions rise as AstraZeneca, EU spar over vaccine delays

Tensions rise as AstraZeneca, EU spar over vaccine delays

BRUSSELS — The European Union and drugmaker AstraZeneca sparred Wednesday over a delay in coronavirus vaccine deliveries amid a deepening dispute that raises concerns about international competition for limited supplies of the shots needed to end the

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (17,424.43, down 354.98 points.) BlackBerry Ltd. (TSX:BB). Technology. Up $7.71, or 32.42 per cent, to $31.49 on 34.3 million shares.
Air Transat to cut all routes from Toronto, some Montreal routes until April 30

Air Transat to cut all routes from Toronto, some Montreal routes until April 30

MONTREAL — In a move it blames on tighter restrictions imposed by Ottawa, Transat A.T. Inc. is halting all flights out of Toronto and some from Montreal for the remainder of the winter travel season.
At Davos, Canadian investment leaders set timelines for climate-friendly economy

At Davos, Canadian investment leaders set timelines for climate-friendly economy

TORONTO — Two Canadian investment leaders endorsed a transition to clean energy at a virtual Davos World Economic Forum on Wednesday as more investors worldwide push for concrete sustainability commitments.
Banks report disruptions as traders pile into BlackBerry, GameStop shares

Banks report disruptions as traders pile into BlackBerry, GameStop shares

TORONTO — Stock halts and trading platform outages disrupted markets as Canadian investors joined an internet-based frenzy and piled into stocks such as BlackBerry, GameStop and AMC Entertainment.
S&P/TSX composite wipes out early gains of 2021 after worst day since October

S&P/TSX composite wipes out early gains of 2021 after worst day since October

TORONTO — Canada's main stock index posted its largest daily loss in three months midweek to wipe away the impressive gains that started 2021. The S&P/TSX composite index closed down 354.98 points or two per cent to 17,424.