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Suncor Energy misses expectations with $302M loss on lower production, prices

CALGARY — Suncor Energy Inc. is reporting a third-quarter operating loss of $302 million or 20 cents per share as revenue fell 34 per cent to $6.5 billion due to lower production and oil prices compared with the same period of 2019.
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Husky pipeline spills 900,000 litres of produced water in northwestern Alberta

Husky pipeline spills 900,000 litres of produced water in northwestern Alberta

RAINBOW LAKE, Alta. — Husky Energy is cleaning up after one of its pipelines in northwestern Alberta spilled 900,000 litres of produced water, a byproduct of oil and gas extraction that sometimes contains residual petroleum and chemicals.
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Deeper job cuts at Boeing as pandemic throttles air travel

Deeper job cuts at Boeing as pandemic throttles air travel

Boeing said Wednesday that it will cut 7,000 more jobs as it continues to bleed money during a pandemic that has smothered demand for new airline planes.
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Cogeco on the hunt for acquisitions after rebuffing takeover overture

Cogeco on the hunt for acquisitions after rebuffing takeover overture

TORONTO — Cogeco Inc. has the financial resources to do more acquisitions and service improvements profitably as an independent company, chief executive Phlippe Jette said Thursday.
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Sobeys CEO calls competitors' fee increases on suppliers 'repugnant'

Sobeys CEO calls competitors' fee increases on suppliers 'repugnant'

The head of Sobeys Inc. says the grocer won't follow its Canadian competitors in unilaterally hiking supplier fees, calling the practice "hard to believe and repugnant.
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Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,586.57, down 434.37 points.) Husky Energy Inc. (TSX:HSE). Energy. Down 24 cents, or 6.3 per cent, to $3.57 on 15.4 million shares.
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COVID-19 infection spike pushes S&P/TSX composite to more than three-month low

COVID-19 infection spike pushes S&P/TSX composite to more than three-month low

TORONTO — Canada's main stock index sank to a more than three-month low midweek as global spike in COVID-19 infections raised fears of new lockdowns.
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Inequality in capital markets sector continues to hurt women, BIPOC and LGBTQ: report

Inequality in capital markets sector continues to hurt women, BIPOC and LGBTQ: report

TORONTO — A culture of inequality continues to persist in Canada's capital markets sector and the brunt of it is felt by women and people who are racialized, Indigenous or identify as LGBTQ2S+, a new report says.
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Toronto city councillors unanimously approve extending patio season through winter

Toronto city councillors unanimously approve extending patio season through winter

Toronto city council has approved a measure to extend the city's outdoor dining season through the winter months. At a meeting on Tuesday, councillors unanimously approved a motion to extend the CafeTO program until mid-April.
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Social media CEOs get earful on bias, warning of new limits

Social media CEOs get earful on bias, warning of new limits

WASHINGTON — With next week's election looming, the CEOs of Twitter, Facebook and Google received a hectoring from Republicans at a Senate hearing Wednesday for alleged anti-conservative bias in the companies' social media platforms — and were warned
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