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Lower energy sector causes TSX to fall as crude hits a three-month low

Lower energy sector causes TSX to fall as crude hits a three-month low

TORONTO — Canada's main stock index lost more ground Thursday on a big dip in the energy sector prompted by oil falling to its lowest level in three months. The S&P/TSX composite index closed down 42.23 points to 16,089.
Trade war escalation 'major preoccupation' for Bank of Canada: top official

Trade war escalation 'major preoccupation' for Bank of Canada: top official

OTTAWA — A top Bank of Canada official says with the economy already caught in the middle of the U.S.-China trade war, further escalation of global trade conflicts is a "major preoccupation" for policy-makers.

Most actively traded companies on the TSX

Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,131.47, down 165.99 points ). Avalon Advanced Materials Inc. (TSX:AVL). Materials. Up one cent, or eight per cent, to 13.5 cents on 15.
BRP Inc.'s new three-wheel roadster drives revenue gains, sending stocks skyward

BRP Inc.'s new three-wheel roadster drives revenue gains, sending stocks skyward

BRP Inc. shares jumped on news the company topped profit estimates in its latest quarter as acquisitions in its marine segment and strong sales of a new three-wheel vehicle drove a 17 per cent revenue rise compared with a year ago.

Fitch Ratings agency upgrades rating outlook for Ontario from negative to stable

TORONTO — Fitch Ratings agency has upgraded its rating outlook for Ontario from negative to stable and is maintaining its credit rating at AA-.
CPPIB challenged to divest from Chinese firms tied to abuses against Uyghurs

CPPIB challenged to divest from Chinese firms tied to abuses against Uyghurs

OTTAWA — The Canada Pension Plan Investment Board is facing pressure to divest from companies allegedly tied to human rights abuses in China.
Canadian banks wrap up 'OK' Q2, with a mix of earnings beats and misses

Canadian banks wrap up 'OK' Q2, with a mix of earnings beats and misses

Canada's biggest banks delivered a mix of second-quarter earnings beats and misses, but still collectively generated roughly $12 billion in profits.
US-China trade dispute weighing on retail sector

US-China trade dispute weighing on retail sector

NEW YORK — Pressure from the trade dispute between the U.S. and China continues to weigh on the retail sector. Retailers have seen their shares seesaw this week as they express concern over tariffs squeezing their businesses. The latest is PVH Corp.

Securities regulator to share more information with money-laundering watchdog

VANCOUVER — Canada's securities regulator says it will share more information with the country's financial intelligence unit to better protect against money laundering and terrorist financing.
Laurentian raises dividend, reports second-quarter profit down from year ago

Laurentian raises dividend, reports second-quarter profit down from year ago

MONTREAL — Laurentian Bank Financial Group raised its quarterly dividend by penny as it reported a lower second-quarter profit compared with a year ago as took a hit from severance and other restructuring charges.