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Vancouver miner says sale of oilsands stake more likely as output allowed to rise

Vancouver miner says sale of oilsands stake more likely as output allowed to rise

VANCOUVER — The Alberta's government's decision last week to end its oil production curtailment program in December will help advance a plan by Teck Resources Ltd. to sell its stake in the Fort Hills oilsands mine, says CEO Don Lindsay.
'We need a champion in government': Tech CEOs want prosperity strategy from Trudeau

'We need a champion in government': Tech CEOs want prosperity strategy from Trudeau

More than 130 Canadian tech leaders are calling on the prime minister to create a prosperity plan because they say the country won't excel without support for innovators and the government has been slow to offer help.
Cenovus targets 20 to 25 per cent workforce reductions following Husky takeover

Cenovus targets 20 to 25 per cent workforce reductions following Husky takeover

CALGARY — Cenovus Energy Inc. is aiming to cut as many as one in four jobs — potentially more than 2,000 workers — if it succeeds in its $3.8-billion friendly takeover of rival Husky Energy Inc.
Workers at two more Indigo bookstores vote to unionize, bringing total to three

Workers at two more Indigo bookstores vote to unionize, bringing total to three

Workers at two more Indigo Books and Music Inc. stores have voted in favour of unionization, bringing the total to three locations. Bookstore employees at an Indigo in Montreal and a Chapters in Coquitlam, B.C.
Halifax travel agency seeking to extend Atlantic bubble to Cuban resort this winter

Halifax travel agency seeking to extend Atlantic bubble to Cuban resort this winter

HALIFAX — A Halifax travel agency is offering two weeklong trips to Cuba reserved exclusively for residents of the Atlantic Canada bubble.
Strong sales of drugs, vaccines, propel Merck in 3Q

Strong sales of drugs, vaccines, propel Merck in 3Q

Drugmaker Merck, bouncing back from a $1.6 billion hit from the coronavirus pandemic in the second quarter, boosted its third-quarter profit by 55% and blew past Wall Street expectations.
Disruption to daily routine impacts Q3 profits, sales for Tim Hortons' parent company

Disruption to daily routine impacts Q3 profits, sales for Tim Hortons' parent company

TORONTO — The pandemic continued eating into profits for Restaurant Brands International Inc. in the third-quarter, as disruption to daily rituals like going to work and taking kids to hockey curbed sales.
Suncor Energy relocating its PetroCanada head office to Calgary from Ontario

Suncor Energy relocating its PetroCanada head office to Calgary from Ontario

CALGARY — Suncor Energy Inc. is moving its PetroCanada head office to Calgary from two offices in Ontario next year, affecting about 700 workers.
MEG Energy CEO deflects takeover speculation as oilsands company reports Q3 loss

MEG Energy CEO deflects takeover speculation as oilsands company reports Q3 loss

CALGARY — It's business as usual for oilsands producer MEG Energy Corp., its CEO says, despite speculation it could be a takeover target in the wake of the $3.8-billion buyout of Husky Energy Inc. announced by Cenovus Energy Inc. on Sunday.
As world goes online in pandemic, another mammoth chip deal

As world goes online in pandemic, another mammoth chip deal

SAN JOSE, Calif. — Advanced Micro Devices is buying Xilinx for $35 billion in an all-stock deal that will combine the two Silicon Valley chip makers and accelerate an already rapid-fire pace of mergers and buyouts in the industry.