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National Business

Sun Life earns $937 million in Q1, takes charge for redefining role of office

Sun Life earns $937 million in Q1, takes charge for redefining role of office

TORONTO — Sun Life Financial Inc. says its net profit grew to $937 million in the first quarter as it recorded a restructuring charge related to redefining the role of the office.
Manulife core earnings surge in Q1 on contribution from higher new business

Manulife core earnings surge in Q1 on contribution from higher new business

TORONTO — Manulife Financial Corp. says its core net profits surged in the first quarter but overall net income attributed to shareholders was lower due to a steepening yield curve in North America.

Tourmaline Oil posts $248M Q1 profit on higher oil and gas prices, volume boost

CALGARY — Tourmaline Oil Corp. is reporting positive net income in the first quarter thanks to higher oil and gas prices and a 33 per cent increase in production from acquisitions as well as an active drilling program.

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 (19,310.74, up 122.71 points.) Enbridge Inc. (TSX:ENB). Energy. Up $1.02, or 2.13 per cent, to $49.00 on 23.8 million shares.
Line 3 and Line 5 pipelines in U.S. 'absolutely critical,' says Enbridge CEO

Line 3 and Line 5 pipelines in U.S. 'absolutely critical,' says Enbridge CEO

CALGARY — The CEO of Enbridge Inc. says the company's Line 3 and Line 5 pipelines in the United States are "absolutely critical" as each faces ongoing hurdles thrown up by environmental, political and other opponents.
TSX outpaces U.S. stock markets on lift from commodities while tech under pressure

TSX outpaces U.S. stock markets on lift from commodities while tech under pressure

TORONTO — Commodities propelled Canada's main stock index to bounce back and outpace U.S. stock markets even as the Dow Jones industrial average hit an all-time high. The S&P/TSX composite index closed up 122.71 points to 19,310.
Montreal home sales see record April but the market is not accelerating: QPAREB

Montreal home sales see record April but the market is not accelerating: QPAREB

MONTREAL — The Quebec Professional Association of Real Estate Brokers says April set a new record for Montreal area home sales, but it shouldn't be viewed as an acceleration in the market because the COVID-19 pandemic is skewing comparisons.
Dependent on social media's marketing power, small businesses worry over iOS changes

Dependent on social media's marketing power, small businesses worry over iOS changes

TORONTO — Like many small business owners, Siuleen Leibl relies on marketing through apps like Facebook and Instagram to reach more customers.
Oshawa assembly plant restart ahead of schedule, GM Canada says

Oshawa assembly plant restart ahead of schedule, GM Canada says

OSHAWA, Ont. — General Motors Canada says it will restart production at its assembly plant in Oshawa, Ont., ahead of schedule, after a healthy demand for trucks and a shift to electric vehicles saved the location from a planned closure.
Plan to restart idled Northern Pulp mill in Nova Scotia to be redrafted: company

Plan to restart idled Northern Pulp mill in Nova Scotia to be redrafted: company

HALIFAX — The owners of an idled pulp mill in northern Nova Scotia say their plans for a new effluent treatment facility have been withdrawn from the province's environmental assessment process.