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Gildan reinstates dividend after beating expectations with strong Q1 results

Gildan reinstates dividend after beating expectations with strong Q1 results

MONTREAL — Gildan Activewear Inc. reinstated its dividend as it swung to a US$98.5-million profit in the first quarter with help from a U.S. pandemic support program for cotton users. The Montreal-based company, reporting in U.S.
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Sun Life earns $937 million in Q1, takes charge for redefining role of office

Sun Life earns $937 million in Q1, takes charge for redefining role of office

TORONTO — Sun Life Financial Inc. says its net profit grew to $937 million in the first quarter as it recorded a restructuring charge related to redefining the role of the office.
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Manulife core earnings surge in Q1 on contribution from higher new business

Manulife core earnings surge in Q1 on contribution from higher new business

TORONTO — Manulife Financial Corp. says its core net profits surged in the first quarter but overall net income attributed to shareholders was lower due to a steepening yield curve in North America.
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Tourmaline Oil posts $248M Q1 profit on higher oil and gas prices, volume boost

CALGARY — Tourmaline Oil Corp. is reporting positive net income in the first quarter thanks to higher oil and gas prices and a 33 per cent increase in production from acquisitions as well as an active drilling program.
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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 (19,310.74, up 122.71 points.) Enbridge Inc. (TSX:ENB). Energy. Up $1.02, or 2.13 per cent, to $49.00 on 23.8 million shares.
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Line 3 and Line 5 pipelines in U.S. 'absolutely critical,' says Enbridge CEO

Line 3 and Line 5 pipelines in U.S. 'absolutely critical,' says Enbridge CEO

CALGARY — The CEO of Enbridge Inc. says the company's Line 3 and Line 5 pipelines in the United States are "absolutely critical" as each faces ongoing hurdles thrown up by environmental, political and other opponents.
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TSX outpaces U.S. stock markets on lift from commodities while tech under pressure

TSX outpaces U.S. stock markets on lift from commodities while tech under pressure

TORONTO — Commodities propelled Canada's main stock index to bounce back and outpace U.S. stock markets even as the Dow Jones industrial average hit an all-time high. The S&P/TSX composite index closed up 122.71 points to 19,310.
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Montreal home sales see record April but the market is not accelerating: QPAREB

Montreal home sales see record April but the market is not accelerating: QPAREB

MONTREAL — The Quebec Professional Association of Real Estate Brokers says April set a new record for Montreal area home sales, but it shouldn't be viewed as an acceleration in the market because the COVID-19 pandemic is skewing comparisons.
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Dependent on social media's marketing power, small businesses worry over iOS changes

Dependent on social media's marketing power, small businesses worry over iOS changes

TORONTO — Like many small business owners, Siuleen Leibl relies on marketing through apps like Facebook and Instagram to reach more customers.
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Oshawa assembly plant restart ahead of schedule, GM Canada says

Oshawa assembly plant restart ahead of schedule, GM Canada says

OSHAWA, Ont. — General Motors Canada says it will restart production at its assembly plant in Oshawa, Ont., ahead of schedule, after a healthy demand for trucks and a shift to electric vehicles saved the location from a planned closure.
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