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Cenovus retires $1 billion in debt as oil price surge lifts Canadian energy sector
CALGARY — Cenovus Energy Inc. retired nearly $1 billion in debt in the second quarter as the easing of COVID-19 restrictions and a related commodity price surge provided a lift to Canadian oil and gas producers.
Jul 29, 2021 12:22 PM
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In Robinhood's stock debut, a tumble and then sharp swings
NEW YORK (AP) — Robinhood made its own leap into the stock market Thursday, the one it helped reshape by bringing millions of new investors to Wall Street, and its initial reception was wild.
Jul 29, 2021 12:20 PM
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Kirkland Lake posts record earnings, production in second quarter
TORONTO — Mining company Kirkland Lake reported record production and earnings in their second quarter, despite a rise in operating costs for selling gold compared to the previous year. The Toronto-based company reported net earnings of US$244.
Jul 29, 2021 10:50 AM
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Biden to allow eviction moratorium to expire Saturday
BOSTON (AP) — The Biden administration announced Thursday it will allow a nationwide ban on evictions to expire Saturday, arguing that its hands are tied after the Supreme Court signaled it would only be extended until the end of the month.
Jul 29, 2021 10:33 AM
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Domtar shareholders overwhelmingly approve takeover by B.C.'s Paper Excellence
FORT MILL, S.C. — Domtar Corp. shareholders have overwhelmingly approved a takeover of the paper producer by B.C.-based Paper Excellence. More than 81 per cent of outstanding shares were voted in favour of the merger at a special meeting.
Jul 29, 2021 9:55 AM
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N.L. oil refinery with uncertain future has new buyer interested in renewable fuels
COME BY CHANCE, N.L. — An idled oil refinery in the Newfoundland and Labrador town of Come By Chance has found a buyer.
Jul 29, 2021 9:55 AM
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Software developers' perceived race may affect success of their proposals: study
A new study from University of Waterloo researchers shows developers perceived to be non-white are much less likely to see their proposed changes to open-source software projects accepted.
Jul 29, 2021 9:50 AM
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Strong lumber prices boost Resolute second quarter results at revenues nearly double
MONTREAL — Resolute Forest Products Inc. is reporting a very strong second quarter as net income soared on a near doubling of revenues as prices reached record highs.
Jul 29, 2021 9:14 AM
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Suncor Energy cuts guidance for Fort Hills due to slope instability at mine site
CALGARY — Suncor Energy Inc. said Thursday it will produce less bitumen than expected this year from its Fort Hills oilsands mine.
Jul 29, 2021 9:14 AM
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Agnico Eagle profit soars amid higher sales, increasing metal prices
TORONTO — Agnico Eagle Mines Ltd. says its profit rose in its latest quarter as it benefited from an increase in sales volumes and higher realized metal prices. The Canadian gold mining company reported a second-quarter net income of US$189.
Jul 29, 2021 8:59 AM
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