Business
Suncor tracking ahead of its production forecast at mid-point of year
By The Canadian Press on August 7th, 2024
CALGARY – Suncor Energy Inc. says its oil and gas production so far in 2024 is tracking ahead of its forecast, though the company is refraining from making changes to its full-year guidance. The Calgary-based company beat Wall Street’s expectations with its second-quarter earnings report, delivering total oilsands production of 834,400 barrels per day, compared ... Read More »
Be the first to comment!Lawsuit launched by family of Indigenous woman in N.S. claims negligence in her death
By The Canadian Press on August 7th, 2024
HALIFAX – The family of an Indigenous woman who died in hospital has filed a lawsuit against the Nova Scotia health authority and four doctors who treated her, claiming they were negligent in caring for the 22-year-old woman with fungal meningitis. A notice of action filed July 25 in Supreme Court says Destiny Rennie, who ... Read More »
Be the first to comment!Annual rental rates still rising but pace slowing: report
By The Canadian Press on August 7th, 2024
TORONTO – A new report says rents are still rising in Canada, but the year-over-year pace of growth has slowed. The data from Rentals.ca and Urbanation says asking rents for all residential property types averaged $2,201 in July, up 5.9 per cent from last year. The report says the year-over-year increase is the slowest rise ... Read More »
Be the first to comment!S&P/TSX composite up more than 200 points as Shopify gains more than 20%
By The Canadian Press on August 7th, 2024
TORONTO – Canada’s main stock index rose more than 200 points in late-morning trading, helped by strength in the technology sector as shares of Shopify Inc. rose more than 20 per cent after reporting its latest quarterly results. The S&P/TSX composite index was up 218.13 points at 22,197.49. In New York, the Dow Jones industrial ... Read More »
Be the first to comment!Massive Vancouver blaze that likely caused crane collapse is contained: Fire service
By The Canadian Press on August 7th, 2024
Vancouver Fire and Rescue Services says it has extinguished a blaze that destroyed an apartment building under construction, damaged nine nearby homes and appears to have caused a crane to collapse. The fire in Vancouver’s west side broke out late Tuesday in a six-story building and spread to several nearby houses. Vancouver Fire and Rescue’s ... Read More »
Be the first to comment!TMX Group buys news release distribution service Newsfile
By The Canadian Press on August 7th, 2024
TORONTO – TMX Group Ltd. says it has acquired news release distribution service Newsfile Corp. Financial terms of the deal were not immediately available. TMX says the deal bolsters its capital formation business as it continues to expand its offerings beyond listings. Newsfile offers news release distribution as well as regulatory filing services. The company ... Read More »
Be the first to comment!Docs about Vice Media, Ontario Place, Indigenous artifacts head to TIFF
By The Canadian Press on August 7th, 2024
TORONTO – Documentaries about the rise and fall of Vice Media and efforts to return cultural artifacts to Indigenous nations are among the projects heading to the Toronto International Film Festival. Organizers say TIFF’s non-fiction program will open with “Vice is Broke,” in which former Vice contributor and “Fresh Off the Boat” creator Eddie Huang ... Read More »
Be the first to comment!Shopify weathering softening consumer spending with diversity of merchants: president
By Tara Deschamps, The Canadian Press on August 7th, 2024
Shopify Inc.’s president has heard retailers talking about softening consumer spending but feels his company is weathering the storm well because of the diversity of its merchants. “Our merchants do seem to be outperforming and doing better than others,” Harley Finkelstein told analysts on a Wednesday earnings call. “I think a big part of the ... Read More »
Be the first to comment!N.S. swordfish harpoon fleet urged to bring tourists aboard to boost troubled sector
By The Canadian Press on August 7th, 2024
HALIFAX – An environmental group says Nova Scotia’s commercial swordfish harpoon fleet could generate millions in added revenue by bringing tourists along for fishing trips and using different gear. The Ecology Action Centre says swordfish harpooning – lunging a long spear into the water to catch a fish – has become increasingly difficult and less ... Read More »
Be the first to comment!Air Canada profits fall as COVID-19 recovery drags on
By Christopher Reynolds, The Canadian Press on August 7th, 2024
MONTREAL – Air Canada saw its profits fall by half even as revenues rose in its latest quarter, as the country’s largest airline struggled to complete the final stages of its recovery from COVID-19. “Our second-quarter results were solid, although they did not achieve our internal expectations,” CEO Michael Rousseau told analysts on a conference ... Read More »
Be the first to comment!Canada says travellers should exercise ‘high degree of caution’ in U.K. amid protests
By The Canadian Press on August 7th, 2024
OTTAWA – The Canadian government has updated its travel advisory for the United Kingdom amid a rash of ongoing demonstrations. It says visitors should “exercise a high degree of caution” in the country and takes note of demonstrations and violent clashes between protesters and police over the past week. The travel advice cautions that even ... Read More »
Be the first to comment!
