National Business

CALGARY — Cenovus Energy Inc. retired nearly $1 billion in debt in the second quarter as the easing of COVID-19 restrictions and a related commodity price surge provided a lift to Canadian oil and gas producers.

NEW YORK (AP) — Robinhood made its own leap into the stock market Thursday, the one it helped reshape by bringing millions of new investors to Wall Street, and its initial reception was wild.

TORONTO — Mining company Kirkland Lake reported record production and earnings in their second quarter, despite a rise in operating costs for selling gold compared to the previous year. The Toronto-based company reported net earnings of US$244.

BOSTON (AP) — The Biden administration announced Thursday it will allow a nationwide ban on evictions to expire Saturday, arguing that its hands are tied after the Supreme Court signaled it would only be extended until the end of the month.

FORT MILL, S.C. — Domtar Corp. shareholders have overwhelmingly approved a takeover of the paper producer by B.C.-based Paper Excellence. More than 81 per cent of outstanding shares were voted in favour of the merger at a special meeting.

COME BY CHANCE, N.L. — An idled oil refinery in the Newfoundland and Labrador town of Come By Chance has found a buyer.

A new study from University of Waterloo researchers shows developers perceived to be non-white are much less likely to see their proposed changes to open-source software projects accepted.

MONTREAL — Resolute Forest Products Inc. is reporting a very strong second quarter as net income soared on a near doubling of revenues as prices reached record highs.

CALGARY — Suncor Energy Inc. said Thursday it will produce less bitumen than expected this year from its Fort Hills oilsands mine.

TORONTO — Agnico Eagle Mines Ltd. says its profit rose in its latest quarter as it benefited from an increase in sales volumes and higher realized metal prices. The Canadian gold mining company reported a second-quarter net income of US$189.