Skip to content

National Business

Calgary bucks trend of rising home prices in second quarter, says StatCan report

Calgary bucks trend of rising home prices in second quarter, says StatCan report

OTTAWA — Homes prices are higher than a year ago in five of six major markets, according to new data from Statistics Canada.
Husky Energy oil output and refining volumes ramp up as economy recovers

Husky Energy oil output and refining volumes ramp up as economy recovers

CALGARY — Oil production and refining volumes at Husky Energy Inc. are gradually returning to normal after deep cutbacks earlier this year but the company is braced for a "bumpy" recovery, CEO Rob Peabody said Thursday.
Real estate holdings, client relations among WE Charity's path forward: experts

Real estate holdings, client relations among WE Charity's path forward: experts

TORONTO — As sponsors cut ties with WE Charity and it faces scrutiny from MPs, donors and the Canadian public, experts say the organization must tackle the question of how to move forward financially.
Grubhub sees orders jump but swings to 2Q loss

Grubhub sees orders jump but swings to 2Q loss

Grubhub's average daily orders jumped 32% in the second quarter as the pandemic shut in diners, but the company swung to a loss as it spent heavily to prop up struggling restaurants and protect drivers.

Government revisions show slightly slower 2019 GDP growth

WASHINGTON — The government says the U.S economy grew a bit more slowly last year than it had previously estimated and slightly faster in 2018.
Record surge in daily shipping volumes for UPS in 2Q

Record surge in daily shipping volumes for UPS in 2Q

The pandemic-fueled boom in online shopping shows no signs of slowing down, providing more business for delivery companies like United Parcel Service Inc. UPS said Thursday that shipments from businesses to U.S.
AstraZeneca: won't profit from COVID-19 vaccine in pandemic

AstraZeneca: won't profit from COVID-19 vaccine in pandemic

LONDON — Pharmaceutical company AstraZeneca repeated its promise not to profit from a COVID-19 vaccine during the pandemic as it reported it was on track with late-stage trials for the treatment.
New U.S. permit to boost Keystone pipeline oil exports by next year: TC Energy

New U.S. permit to boost Keystone pipeline oil exports by next year: TC Energy

CALGARY — The CEO of TC Energy Corp. says the company will begin moving more oil from Western Canada into the United States by next year under a new U.S. presidential permit for the existing Keystone pipeline system.
Molson Coors sees second-quarter results weaken due to COVID-19 lockdowns

Molson Coors sees second-quarter results weaken due to COVID-19 lockdowns

MONTREAL — Molson Coors Beverage Co. continues to grapple with what the CEO called a "global can shortage" as consumers shifted away from drinking at bars and restaurants and started consuming more drinks at home due to the COVID-19 pandemic.
Maple Leaf Foods rides retail demand to second-quarter profit

Maple Leaf Foods rides retail demand to second-quarter profit

Maple Leaf Foods Inc. overcame a steep drop in restaurant and food supply sales last quarter to furnish a $25-million profit thanks to a revenue boost in pork, retail consumption and Asian demand. The meat giant raised sales by seven per cent $1.