Skip to content

National Business

Actor indicted in $227M Ponzi scheme involving film rights

LOS ANGELES — An aspiring actor was indicted Tuesday in Los Angeles on suspicion of running a massive Ponzi scheme that solicited hundreds of millions of dollars from investors for phoney Hollywood film licensing deals, federal prosecutors said.

TMX trading drops in April by most since before the COVID-19 pandemic

TORONTO — The number of shares traded on Canadian stock markets decreased last month by the most since the start of the COVID-19 pandemic. According to statistics released by TMX Group Ltd.
DavidsTea creditors to vote in June on plan to split $18.3 million owed by retailer

DavidsTea creditors to vote in June on plan to split $18.3 million owed by retailer

MONTREAL — Insolvent beverage retailer DavidsTea Inc. says it will ask its creditors to approve a plan of arrangement next month to distribute about $18 million to creditors in Canada and the U.S.
Kentucky Derby, NFL draft pull in television viewers

Kentucky Derby, NFL draft pull in television viewers

NEW YORK — Two sporting events last week — the Kentucky Derby and first round of the NFL draft — pulled in more television viewers than the Oscars, something inconceivable only a couple of years ago. The Nielsen company said 14.

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 (19,188.03, down 25.13 points.) Suncor Energy Inc. (TSX:SU). Energy. Up one cent, or 0.04 per cent, to $26.94 on 10.8 million shares.
S&P/TSX composite falls, while tech-focused U.S. stock markets also drop

S&P/TSX composite falls, while tech-focused U.S. stock markets also drop

TORONTO — Most North American stock markets fell after a good start to May as the technology sector came under pressure in the United States. Several large U.S. tech giants were lower with Apple Inc. down 3.
Barrick Gold shareholders approve US$750 million payout at virtual annual meeting

Barrick Gold shareholders approve US$750 million payout at virtual annual meeting

CALGARY — Barrick Gold Corp. says a proposal to hand out US$750 million in cash to its shareholders has been approved by those who stand to pocket the outlay of 42 cents per share.
Suncor delays maintenance project as COVID-19 cases plague Fort McMurray area

Suncor delays maintenance project as COVID-19 cases plague Fort McMurray area

CALGARY — Suncor Energy Inc.
Saudi oil firm Aramco's first-quarter profits up by 30%

Saudi oil firm Aramco's first-quarter profits up by 30%

DUBAI, United Arab Emirates — Saudi Aramco said Tuesday its profits soared by 30% in the first quarter of the year, compared to last year, riding on the back of higher crude oil prices.
Imperial Oil shareholders defeat shareholder motion to set net-zero emission target

Imperial Oil shareholders defeat shareholder motion to set net-zero emission target

CALGARY — Imperial Oil Ltd. investors have voted 86 per cent to defeat a shareholder resolution that it adopt a target to achieve net-zero carbon emissions by 2050.
push icon
Be the first to read breaking stories. Enable push notifications on your device. Disable anytime.
No thanks