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National Business
MEG Energy has record quarter as high prices boost profits and revenues up 68%
CALGARY — MEG Energy Inc. says higher energy prices contributed to it earning a $362-million profit in its latest quarter as revenues surged 68 per cent. The Calgary-based oilsands developer says it earned $1.
May 2, 2022 6:45 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (20,692.22, down 69.78 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 24 cents, or 0.5 per cent, to $46.42 on 13.7 million shares.
May 2, 2022 5:20 PM
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Late rally prevents North American stock markets from poor start to May
TORONTO — A late rally prevented North American stock markets from getting off to the same dismal start in May that was endured in April.
May 2, 2022 5:04 PM
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Suncor's safety record in the spotlight as activist investor calls for change
CALGARY — A string of fatalities at Suncor Energy Inc. has caught the attention of investors who view workplace safety breaches as a warning sign of deeper problems within a company. In a letter to Suncor's board last week, U.S.
May 2, 2022 4:24 PM
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Amazon workers in NYC reject union in a reversal of fortune
Amazon warehouse workers overwhelmingly rejected a union bid on Monday, dealing a blow to organizers who last month pulled off the first successful U.S. organizing effort in the retail giant’s history.
May 2, 2022 3:36 PM
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Alimentation Couche-Tard reportedly in talks to combine with U.K. retailing giant
Alimentation Couche-Tard Inc. is reportedly exchanging proposals in a multibillion-dollar combination with a British retailing giant that would feed its growth ambitions.
May 2, 2022 1:19 PM
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Ontario auditor notes huge contingency funds, underestimated tax revenue in PC budget
TORONTO — Ontario's auditor general says the Progressive Conservative budget contains higher-than-usual contingency funds, which can be spent on "unplanned items," and underestimates corporate tax revenues for the next three years.
May 2, 2022 1:09 PM
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Cargojet revenue leaps nearly 50 per cent despite plateauing e-commerce demand
Cargojet Inc. beat revenue expectations in its first quarter despite plateauing e-commerce demand, as the air cargo outfit looks to bolster its fleet and ramp up domestic deliveries this year.
May 2, 2022 12:40 PM
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'It won't change overnight:' Workers push back as return-to-office plans roll out
HALIFAX — Ian McGrath has made it clear to his bosses: If the company forces staff to return to the office, he'll tender his resignation. The Halifax-area tech worker says he's thriving working from home.
May 2, 2022 10:12 AM
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Sandstorm Gold signs pair of acquisitions worth a total of US$1.1 billion
VANCOUVER — Sandstorm Gold Ltd. says it has signed a pair of acquisitions worth a total of US$1.1 billion. Under the first deal, the company will buy Nomad Royalty Company Ltd. in an all-stock deal valued at US$590 million.
May 2, 2022 8:40 AM
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