Business

Energy stocks weigh on TSX as crude oil prices hit 7-month low

Oil and gas stocks weighed heavily on Canada’s main stock index as sliding crude prices hit a seven-month low amid concerns about market oversupply. The Toronto Stock Exchange’s S&P/TSX composite index was down 116.44 points to 15,149.60, with energy sector losses of 2.23 per cent leading decliners. Cenovus Energy was among the hardest hit, with its shares down about eight ...

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Uber rolls out driver tipping feature in U.S., suggests Canada to come

Uber passengers in Canada may soon find themselves facing a classic service industry conundrum: “How much should I tip?” In an announcement to U.S. Uber drivers on Tuesday, the ride-hailing service said it will roll out a tipping function for its app in all U.S. cities by the end of July. The tipping option is already online in Seattle, Minneapolis and ...

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Trump plans to release tax overhaul in early September

The Associated Press Posted: Jun 20, 2017 3:01 PM ET Last Updated: Jun 20, 2017 3:01 PM ET The White House plans to introduce its tax overhaul during the first two weeks of September, says Gary Cohn, President Donald Trump’s top economic aide. Cohn added that the administration wants to bring a finished tax bill to the House and Senate, ...

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Home Capital sells $1.2B in mortgages

Home Capital Group Inc. said Tuesday it has struck a deal to sell a portfolio of commercial mortgage assets valued at $1.2 billion to private equity real estate investment firm KingSett Capital.

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As provinces seek the ‘right’ price for pot, how it’s sold could matter

Provincial finance ministers are getting a clear message from the federal government this week: Keep taxes on legal marijuana sales consistently low across Canada, or risk undercutting the government’s goal of ending black market cannabis sales. But provincial governments may find that enticing consumers to buy legal marijuana over illicit weed will take more than just tweaking tax rates. The ...

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