Skip to content

National Business

Crescent Point shares jump on restored oil production and increased guidance

CALGARY — Shares in Crescent Point Energy Corp. rose Tuesday as investors and analysts applauded its decision to restart oil and gas production shut down when energy prices crashed earlier this year.
EU resumes probe into Air Canada-Transat deal amid ongoing competition concerns

EU resumes probe into Air Canada-Transat deal amid ongoing competition concerns

MONTREAL — European regulatory authorities have resumed their investigation into Air Canada's proposed purchase of Transat AT, giving themselves a few more months to hand down a decision.
September rent due as small businesses face holes in government support

September rent due as small businesses face holes in government support

TORONTO — With rent coming due for another month, Ginger Robertson's daily walk through Toronto's Danforth neighbourhood is increasingly filled with empty storefronts.
Barrick reports court loss as battle continues over Papua New Guinea gold mine

Barrick reports court loss as battle continues over Papua New Guinea gold mine

TORONTO — Barrick Gold Corp. says it has suffered further setbacks in its fight with the national government over control of its Porgera Gold Mine in Papua New Guinea.

US construction spending edges up tiny 0.1% in July

WASHINGTON — U.S. construction spending edged up a tiny 0.1% in July, breaking a string of losses due to disruptions caused by the coronavirus pandemic. The Commerce Department reported that the slight July gain followed a 0.5% decline in June.

Rogers expands 5G network to 50 markets, but consumer adoption will take time

TORONTO — Rogers Communications Inc. is expanding its 5G technology to 50 new markets starting today.
Former Bank of Canada deputy governor Lynn Patterson joins Scotiabank board

Former Bank of Canada deputy governor Lynn Patterson joins Scotiabank board

TORONTO — Scotiabank says former Bank of Canada deputy governor Lynn Patterson has been appointed to its board of directors. Patterson served as a deputy governor at the central bank from 2014 until her retirement in 2019.

Calfrac says U.S. court sides with company in fight with Wilks Brothers

CALGARY — Calfrac Well Services Ltd. says a U.S. court has sided with the company in its fight with Texas-based Wilks Brothers LLC as it seeks to complete its recapitalization plan. The Calgary-based company says the U.S.
Zoom rides pandemic to another quarter of explosive growth

Zoom rides pandemic to another quarter of explosive growth

SAN RAMON, Calif. — Zoom’s videoconferencing service is deepening its integral role in life during the pandemic as tens of thousands more businesses and other users pay for subscriptions to get more control over their virtual meetings.
Delta, American join United in dropping most US change fees

Delta, American join United in dropping most US change fees

This could be the final boarding call for the $200 ticket-change fee that has enraged so many U.S. airline travellers over the past decade.