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Cenovus Energy reports Q3 profit up; overcomes start-of-year challenges

Cenovus Energy reports Q3 profit up; overcomes start-of-year challenges

CALGARY — Cenovus Energy Inc. saw its profits surge in the third quarter as the Calgary based oil company overcame a number of challenges that had plagued it earlier in the year. Cenovus said Thursday it earned a third-quarter profit of $1.
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Store-level sales across toy industry 'disappointing' in Oct: Spin Master

Store-level sales across toy industry 'disappointing' in Oct: Spin Master

TORONTO — Spin Master Corp. executives say the lead-up to the usually bustling holiday sales season has so far wound up below expectations.
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Lightspeed Q2 revenue up 25% from year ago as company advances payments strategy

Lightspeed Q2 revenue up 25% from year ago as company advances payments strategy

An ongoing shift in its payments processing strategy helped Lightspeed Commerce Inc. record a 25 per cent increase in its second-quarter revenue. The Montreal-based e-commerce technology company, which keeps its books in U.S.
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Format of public comment meetings for Dakota Access oil pipeline upsets opponents

Format of public comment meetings for Dakota Access oil pipeline upsets opponents

BISMARCK, N.D. (AP) — Opponents of the Dakota Access oil pipeline are taking issue with the format of private oral testimony in meetings for public comment on a draft environmental review of the controversial pipeline. The U.S.
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The US sanctions more foreign firms in a bid to choke off Russia's supplies for its war in Ukraine

The US sanctions more foreign firms in a bid to choke off Russia's supplies for its war in Ukraine

WASHINGTON (AP) — The United States on Thursday imposed a new round of sanctions on 130 firms and people from Turkey, China and the United Arab Emirates in an effort to choke off Russia's access to tools and equipment that support its invasion of Ukr
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Greater Toronto home sales drop 5.8 per cent in October amid high borrowing costs

Greater Toronto home sales drop 5.8 per cent in October amid high borrowing costs

TORONTO — Greater Toronto home sales fell 5.8 per cent last month compared with October 2022, with sales of townhouses recording the biggest decline.
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Maple Leaf Foods posts smaller loss of $4.3M in Q3 as market challenges ease

Maple Leaf Foods posts smaller loss of $4.3M in Q3 as market challenges ease

TORONTO — The head of Maple Leaf Foods Inc. said he's confident the company has "all the building blocks in place" for success as markets normalize.
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Canadian Natural president Tim McKay to retire, Scott Stauth to be promoted to role

Canadian Natural president Tim McKay to retire, Scott Stauth to be promoted to role

CALGARY — Canadian Natural Resources Ltd. president Tim McKay will retire next year after a five-year leadership stint that coincided with the Calgary-based company surpassing $100 billion in market value.
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Gildan Activewear reports lower earnings, rising sales in third quarter

Gildan Activewear reports lower earnings, rising sales in third quarter

MONTREAL — Gildan Activewear Inc. says it earned US$127.4 million in the third quarter, down 16.7 per cent from US$153 million a year earlier. The Montreal-based company says net sales rose 2.3 per cent to US$869.
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Nutrien optimistic on potash demand as earnings continue to take hit from volatility

Nutrien optimistic on potash demand as earnings continue to take hit from volatility

The unprecedented volatility in fertilizer markets that’s contributed to Nutrien Ltd.'s lower earnings so far this year is stabilizing, said chief executive Ken Seitz. "Much of that is behind us," said Seitz in an interview Thursday.
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