Skip to content

National Business

Cenovus reports second-highest quarterly production ever, driven by oilsands

Cenovus reports second-highest quarterly production ever, driven by oilsands

CALGARY — Cenovus Energy Inc. is the latest Canadian oilsands company to report surging production levels just in time for the anticipated startup of the Trans Mountain pipeline expansion.
Read more >
Newfoundland and Labrador says Vrbo apologized for ad featuring beloved folk song

Newfoundland and Labrador says Vrbo apologized for ad featuring beloved folk song

ST. JOHN'S, N.L. — The Newfoundland and Labrador government says vacation rental company Vrbo has apologized for an advertisement that prompted a call from the premier for it to be pulled.
Read more >
Markets continue recovery from mid-week selloff as S&P 500 notches new all-time high

Markets continue recovery from mid-week selloff as S&P 500 notches new all-time high

TORONTO — Canada's main stock index gained 1.6 per cent on Thursday, led by strong gains in the energy sector, while U.S. markets also rose, with the S&P 500 notching a new all-time high. The S&P/TSX composite index closed up 333.
Read more >
Dax Dasilva returns to Lightspeed as interim CEO, JP Chauvet steps down

Dax Dasilva returns to Lightspeed as interim CEO, JP Chauvet steps down

Lightspeed Commerce Inc. founder Dax Dasilva is back at the helm of the company he started and he has a mission: profitability and boosting the stock price. "When I took the company public in 2019, our revenue was US$77.
Read more >
West Fraser Timber encouraged by outlook despite ongoing challenges: CEO

West Fraser Timber encouraged by outlook despite ongoing challenges: CEO

VANCOUVER — West Fraser Timber Co. Ltd. president and CEO Sean McLaren said he expects the company will continue to experience unpredictable challenges such as inflation risks and labour constraints.
Read more >
Prince Edward Island signs exclusive tourism marketing deal with NHL

Prince Edward Island signs exclusive tourism marketing deal with NHL

CHARLOTTETOWN — Canada’s smallest province is looking to boost its tourism profile by capitalizing on the popularity of the National Hockey League.
Read more >
Air Canada chatbot decision a reminder of company liability: experts

Air Canada chatbot decision a reminder of company liability: experts

TORONTO — A decision on Air Canada's liability for what its chatbot said is a reminder of how companies need to be cautious when relying on artificial intelligence, experts say. The B.C.
Read more >
Stock market today: Wall Street returns to record heights as Treasury yields ease

Stock market today: Wall Street returns to record heights as Treasury yields ease

NEW YORK (AP) — Stocks returned to record heights following some mixed reports on the economy. The S&P 500 rose 0.6% Thursday, surpassing the all-time high it set last week. The Dow Jones Industrial Average rose 0.
Read more >
Restaurant Brands expects to have 40,000 restaurants, $60B in sales by 2028

Restaurant Brands expects to have 40,000 restaurants, $60B in sales by 2028

TORONTO — The owner of the Tim Hortons and Burger King chains said it expects its quick-serve empire to span 40,000 restaurants and to achieve a collective US$60 billion in sales by 2028. Restaurant Brands International Inc.
Read more >
CMHC reports annual pace of housing starts in January down 10% from December

CMHC reports annual pace of housing starts in January down 10% from December

OTTAWA — The annual pace of housing starts in January slowed by 10 per cent compared with December, as the rate of starts for new multi-unit projects such as apartments, condominiums and townhouses pulled back. Canada Mortgage and Housing Corp.
Read more >