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MEG Energy reports $26M Q4 profit, compared with $199M loss a year ago

MEG Energy reports $26M Q4 profit, compared with $199M loss a year ago

CALGARY — MEG Energy Corp. reported a profit of $26 million in its latest quarter compared with a loss of $199 million in the same quarter a year earlier. The company says the profit amounted to nine cents per diluted share for the quarter ended Dec.
Asian shares rise following stimulus-led surge on Wall St

Asian shares rise following stimulus-led surge on Wall St

TOKYO — Asian shares rose Thursday, taking their cue from a surge on Wall Street as governments and central banks took more aggressive measures to fight the virus outbreak and its economic impact. Japan's benchmark Nikkei 225 rose 0.8% to 21,262.49.
Several banks match Bank of Canada with 50 basis point cut to prime interest rate

Several banks match Bank of Canada with 50 basis point cut to prime interest rate

TORONTO — Several Canadian banks and financial institutions have dropped their prime lending rate by 50 basis points to 3.45 per cent, effective March 5.
Bombardier investigating reported links to Uighur forced labour in China

Bombardier investigating reported links to Uighur forced labour in China

Bombardier Inc. says it is concerned about a new report that links it and other companies to the alleged forced labour of Muslim minorities in China.
Spin Master reports loss in Q4, expects impact from coronavirus

Spin Master reports loss in Q4, expects impact from coronavirus

TORONTO — Spin Master Corp. says it swung to a loss in the fourth quarter in part because of supply chain issues at its U.S. distribution centre, and it expects further supply impacts this year because of the novel coronavirus.
Undetected cracks blamed for Enbridge gas pipeline blast in B.C. in 2018

Undetected cracks blamed for Enbridge gas pipeline blast in B.C. in 2018

CALGARY — A delayed inspection and a failure to predict how fast cracks could develop from corrosion are cited in a report describing the cause of an explosion and fire in an Enbridge Inc. natural gas pipeline northeast of Prince George, B.C.
North American stock markets rally in aftermath of interest rate cuts

North American stock markets rally in aftermath of interest rate cuts

TORONTO — North American stock markets enjoyed a relief rally in the aftermath of interest rate cuts on both sides of the border and a strong primary night for former U.S. vice president Joe Biden.
Canopy Growth to lay off 500, close two greenhouses and take $700-$800M writedown

Canopy Growth to lay off 500, close two greenhouses and take $700-$800M writedown

Canopy Growth Corp. is orchestrating a massive overhaul involving a layoff of 500 workers, a multimillion-dollar writedown, the closure of two greenhouses and the cancellation of plans to operate a third. The Smiths Falls, Ont.
Fisheries producers shifting gears to adjust to coronavirus impact on markets

Fisheries producers shifting gears to adjust to coronavirus impact on markets

HALIFAX — Atlantic Canadian fisheries entrepreneurs like Danny Dumaresque have to be nimble in their marketing efforts as the impact of the novel coronavirus hits their Asian customer base and delays key industry events.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,779.53, up 355.91 points.) Manulife Financial Corp. (TSX:MFC). Financials. Up 33 cents, or 1.48 per cent, to $22.64 on 13.