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National Business
National Business
Surging lumber prices boost Canfor Q2 profits and revenues to record highs
VANCOUVER — Canfor Corp. is reporting a large year-over-year increase in net income in its latest quarter as surging lumber prices helped its revenues to more than double to a record high. The Vancouver-based company says it earned a record $726.
Jul 30, 2021 11:47 AM
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Imperial Oil earns $366 million; Kearl oilsands site sets 25-year production record
CALGARY — Imperial Oil Ltd. says it earned $366 million in the second quarter and boosted production to its highest level in 25 years for the same period.
Jul 30, 2021 11:22 AM
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Lower COVID-19 losses helps to boost Fairfax Financial's second-quarter profits
TORONTO — Fairfax Financial Holdings Ltd. says its net profit nearly tripled in its latest quarter partly due to lower COVID-19 losses. The Toronto-based insurance company, which reports in U.S. dollars, says it earned US$1.2 billion or US$43.
Jul 30, 2021 11:21 AM
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Unifor reaches tentative deal with Bombardier but strike continues with De Havilland
TORONTO — Unifor has reached a tentative agreement with Bombardier Aviation at its Downsview plant in north Toronto.
Jul 30, 2021 11:15 AM
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Justice says IRS must give Trump tax returns to Congress
WASHINGTON (AP) — The Justice Department, in a reversal, says the Treasury Department must provide the House Ways and Means Committee former President Donald Trump’s tax returns, apparently ending a long legal showdown over the records.
Jul 30, 2021 11:03 AM
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Tim Hortons' sales climb but coffee chain faces labour pressure, higher costs
Canada's top coffee and doughnut chain posted a strong rebound in sales in its latest quarter but rising commodity prices and high demand for restaurant workers threaten to dampen growth as the economy reopens from COVID-19 lockdowns.
Jul 30, 2021 10:19 AM
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CP urges Kansas City Southern shareholders to oppose CN takeover next month
CALGARY — Canadian Pacific Railway Ltd. is urging Kansas City Southern shareholders to vote against the proposed merger with Canadian National Railway Co. because of the regulatory uncertainty of its rival's US$33.6-billion bid.
Jul 30, 2021 10:13 AM
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'Burdensome' regulations hampering access, cost of spectrum: Telus CEO
VANCOUVER — The chief executive of Telus Corp. says the Canadian telecommunications market and the launch of 5G technology is being hampered by regulations and expensive spectrum auctions.
Jul 30, 2021 9:54 AM
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Line 3 pipeline to be in service by end of year, despite legal challenges: Enbridge
CALGARY — Enbridge Inc.'s Line 3 pipeline replacement is on track to be in service by the end of the year despite ongoing protests and recent court challenges, the Calgary-based company said Friday. The $9.
Jul 30, 2021 9:24 AM
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Ottawa to give ArcelorMittal Dofasco $400M to phase out coal-fired furnaces
HAMILTON — The federal government says it is investing $400 million in a Hamilton-based steel producer to help it adopt low-carbon technology.
Jul 30, 2021 9:18 AM
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