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CNRL curtailing production from new natural gas wells as low prices persist
CALGARY — Canada's largest oil and gas producer is postponing the start of production from some of its planned new natural gas wells due to persistent low prices. Canadian Natural Resources Ltd.
Aug 1, 2024 12:26 PM
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Coast Guard to end staffing at two B.C. lighthouses, following safety concerns
VICTORIA — Safety concerns have prompted the Canadian Coast Guard to make what is says is the "difficult decision" to end staffing at two lighthouses along British Columbia's coast.
Aug 1, 2024 12:15 PM
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BCE reports profit boost after wave of job cuts
MONTREAL — BCE Inc. boosted its profits despite a dip in revenue last quarter as the telecom giant began to feel the financial effect of thousands of job cuts from earlier this year.
Aug 1, 2024 11:44 AM
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Cenovus hits debt reduction target, but pledges no change in strategy
CALGARY — The CEO of Cenovus Energy Inc. said the company's recent debt repayment milestone will not mean changes to its near-term strategy.
Aug 1, 2024 11:04 AM
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Gildan says proxy battle cost US$57 million in Q2 as Glenn Chamandy returns to helm
MONTREAL — As Gildan Activewear Inc. gears up for its 40th anniversary, the Montreal-based company is ready to put a recent leadership battle in the rearview mirror.
Aug 1, 2024 10:33 AM
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Canada Goose CEO sees eyewear and luggage as 'natural extensions' for brand
TORONTO — When Dani Reiss took over his family's business, Canada Goose Holdings Inc., in 2001, it had a reputation for clothing made for those needing to brave the coldest of colds.
Aug 1, 2024 10:11 AM
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Before agreeing to a seasonal layoff, know the risks, experts say
Workers in industries that experience typical slow periods during the year might be faced with a seasonal layoff from their employer. But experts say workers should know the risks before signing up to be laid off temporarily.
Aug 1, 2024 8:49 AM
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Thomson Reuters reports earnings of US$841 million in Q2
TORONTO — Thomson Reuters says its earnings slipped in the second quarter while revenue rose and it edged up its revenue outlook. The media giant says it had earnings of US$841 million in its second quarter, down from US$894 million last year.
Aug 1, 2024 7:17 AM
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The number of Americans filing for jobless claims hits highest level in a year
The number of Americans filing for unemployment benefits jumped to its highest level in a year last week, even as the labor market remains surprisingly healthy in an era of high interest rates.
Aug 1, 2024 7:00 AM
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Bank of England lowers its main interest rate by 0.25%, to 5%, its first cut since for over 4 years
LONDON (AP) — The Bank of England has cut interest rates for the first time since the onset of the COVID-19 pandemic in early 2020 as inflationary pressures in the economy have eased.
Aug 1, 2024 5:46 AM
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