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DavidsTea starts fiscal year by swinging to small profit despite lower sales

DavidsTea starts fiscal year by swinging to small profit despite lower sales

MONTREAL — DavidsTea started its fiscal year by swinging to a small profit despite seeing sales plunge 28 per cent. The beverage company says it earned $3.2 million or 12 cents per diluted share for the three months ended May 1.
VerticalScope Holdings debuts on Toronto Stock Exchange at $22 per share

VerticalScope Holdings debuts on Toronto Stock Exchange at $22 per share

TORONTO — VerticalScope Holdings Inc. began trading on the Toronto Stock Exchange Tuesday after pricing its subordinate-voting shares at $22 per share.
Air Canada vows to fight US$26-million penalty from U.S. over unpaid refunds

Air Canada vows to fight US$26-million penalty from U.S. over unpaid refunds

Air Canada is vowing to fight a U.S. Department of Transportation move to seek a US$25.5-million penalty for "failing to provide consumers prompt refunds" after cancelling their flights amid the COVID-19 pandemic.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,231.32, up 73.67 points.) Canadian Natural Resources (TSX:CNQ). Energy. Up 67 cents, or 1.47 per cent, to $46.20 on 22.
Rising crude oil prices power TSX to new record high, while U.S. stock markets fall

Rising crude oil prices power TSX to new record high, while U.S. stock markets fall

TORONTO — Canada's main stock index set new records again on rising crude oil prices, including Western Canadian Select reaching its highest level since 2014, even as U.S. equities trended lower. The Canadian crude oil price moved above $58 a barrel.

Media consumers may be reaching limit of streaming services

A British research company may have discovered a magic number for American media consumers — and it's seven.
May home sales fell 7.4 per cent, but on pace for record level this year: CREA

May home sales fell 7.4 per cent, but on pace for record level this year: CREA

Home sales across the country are starting to fall back from highs seen earlier in the year, but the Canadian Real Estate Association still expects the number of transactions during 2021 to set a new record. May's 56,156 sales were a 7.
MacKenzie Scott, citing wealth gap, donates $2.7 billion

MacKenzie Scott, citing wealth gap, donates $2.7 billion

MacKenzie Scott, the billionaire philanthropist known for her impromptu multi-billion dollar donations to charities and racial equity causes, announced Tuesday that she has given $2.7 billion to 286 organizations.
MLB threatens pitchers with 10-game bans for altering balls

MLB threatens pitchers with 10-game bans for altering balls

NEW YORK (AP) — Pitchers will be ejected and suspended for 10 games for using illegal foreign substances to doctor baseballs in a crackdown by Major League Baseball that will start June 21.
Police: Gunman dead after killing 2 at fire hydrant factory

Police: Gunman dead after killing 2 at fire hydrant factory

ALBERTVILLE, Ala. (AP) — A worker killed two people and wounded two more at an Alabama fire hydrant factory early Tuesday before killing himself, police said. The gunfire — among the latest in a spate of shootings across the U.S.