Skip to content

National Business

China retaliates against news media in latest feud with US

BEIJING — China has ordered six U.S.-based news media to file detailed information about their operations in China the latest volley in a monthslong battle with the Trump administration.
MEG Energy beats expectations in Q3 with third straight quarter of losses

MEG Energy beats expectations in Q3 with third straight quarter of losses

CALGARY — MEG Energy Corp. beat expectations as it posted its third consecutive quarter of net losses on a 44-per-cent drop in revenues caused by lower bitumen production and realized prices.
West Fraser Timber swings to $350-million Q3 profit on higher lumber prices

West Fraser Timber swings to $350-million Q3 profit on higher lumber prices

VANCOUVER — West Fraser Timber Co. Ltd. says it swung to a large profit in the third quarter on higher lumber prices. The Vancouver-based forestry company says it earned $350 million or $5.09 per share for the three months ended Sept.

Higher oil prices fuel PrairieSky Royalty third quarter earnings and revenue rebound

CALGARY — PrairieSky Royalty Ltd. says its oil and gas revenue and net earnings staged a rebound in the third quarter ending Sept. 30 as oil prices recovered from pandemic-related lows.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,079.5, down 224.53 points.) Cenovus Energy Inc. (TSX:CVE). Energy. Down 41 cents, 8.4 per cent, to $4.47 on 21 million shares.
Dunkin' shares hit all-time high after holding buyout talks

Dunkin' shares hit all-time high after holding buyout talks

The Dunkin’ doughnuts and coffee chain has confirmed it's held talks to be taken private by a private equity firm, sending its shares rocketing to an all-time high Monday.
Alberta to limit temporary foreign worker program to save jobs for Albertans

Alberta to limit temporary foreign worker program to save jobs for Albertans

EDMONTON — The Alberta government is hoping to open jobs in the province for local people by closing some of them to foreigners.
North American stock markets plunge amid soaring COVID-19 infections

North American stock markets plunge amid soaring COVID-19 infections

TORONTO — Surging global COVID-19 infections and lagging U.S. stimulus talks sent North American stock markets lower to start the week with Canada's main index facing a broad-based decline led by energy.
N.B. company says its rapid-test technology for sewage can help detect COVID-19 early

N.B. company says its rapid-test technology for sewage can help detect COVID-19 early

FREDERICTON — A Fredericton-based company has filed a patent for a technology it says can help provide rapid, early detection of COVID-19 in a community by testing its sewage.
Sobeys next in line to hike supplier fees after Loblaw, Metro, analysts say

Sobeys next in line to hike supplier fees after Loblaw, Metro, analysts say

Analysts said Monday that Stellarton, N.S., based grocer Sobeys Inc.