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Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: September trade figures Statistics Canada to release international merchandise trade and trade in services figures for September on Wednesday.
Losses mount for oil companies as pandemic grips economy

Losses mount for oil companies as pandemic grips economy

NEW YORK — Exxon Mobil reported its third consecutive quarter of losses as the global pandemic curtailed travel and crippled global economic activity. The energy giant on Friday posted a $680 million third-quarter loss and revenue tumbled to $46.
Federal government tells Teck to improve water quality from two B.C. coal operations

Federal government tells Teck to improve water quality from two B.C. coal operations

VANCOUVER — Teck Resources Ltd. says it has been ordered by Environment and Climate Change Canada to improve the quality of water affected by two of its coal mining operations in B.C.'s Elk Valley.
US consumer spending rose a moderate 1.4% in September

US consumer spending rose a moderate 1.4% in September

WASHINGTON — U.S. consumers increased their spending by 1.
Imperial Oil ekes out Q3 profit as Kearl oilsands mine rebounds from outage

Imperial Oil ekes out Q3 profit as Kearl oilsands mine rebounds from outage

CALGARY — Surging production from its Kearl oilsands mine after an unplanned two-week outage, along with a better-than-targeted drop in capital and operational spending, helped Imperial Oil Ltd.
Eurozone growth soars record 12.7% but fears grow for winter

Eurozone growth soars record 12.7% but fears grow for winter

FRANKFURT — The European economy grew by an unexpectedly large 12.
Statistics Canada says economy grew 1.2 per cent in August as pace of growth slowed

Statistics Canada says economy grew 1.2 per cent in August as pace of growth slowed

OTTAWA — The pace of economic growth in Canada slowed in August as real gross domestic product grew 1.2 per cent in the month, Statistics Canada said Friday. The rise compared with a revised 3.
Exxon, Chevron to cut US jobs as oil industry struggles

Exxon, Chevron to cut US jobs as oil industry struggles

NEW YORK — Exxon Mobil is slashing 1,900 jobs from its U.S. workforce and mulling cuts to its Canadian operations, while Chevron plans to cut a quarter of the employees at its recently acquired Noble Energy as the pandemic saps demand for fuel.
Asia Today: Japan crosses 100,000 cases, 9 months after 1st

Asia Today: Japan crosses 100,000 cases, 9 months after 1st

TOKYO — Japan’s coronavirus cases have topped 100,000, nine months after the first case was found in mid-January, the health ministry said Friday.
Cannabis company Hexo proposes share consolidation plan to boost share price

Cannabis company Hexo proposes share consolidation plan to boost share price

OTTAWA — Cannabis company Hexo Corp. announced a plan to consolidate its shares in an effort to regain compliance with the US$1 minimum share price continued listing standard of the New York Stock Exchange.