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MEG Energy posts $225-million profit, completes turnaround at Christina Lake facility

MEG Energy posts $225-million profit, completes turnaround at Christina Lake facility

CALGARY — MEG Energy Inc. reported a $225-million profit in its latest quarter as it completed on time and on budget the planned turnaround at its Christina Lake Phase 2B facility.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,456.71, up 202.15 points.) Cenovus Energy Inc. (TSX:CVE). Energy. Up 93 cents, or 3.94 per cent, to $24.56 on 10.9 million shares.
North American markets end trading day in positive territory

North American markets end trading day in positive territory

TORONTO — Canada's main stock exchange ended the trading day up over 200 points, with U.S. stock markets closing in positive territory as well, as momentum continued following a three-quarters of a percentage point rate hike out of the U.S.
1st Trader Joe's union approved at Massachusetts store

1st Trader Joe's union approved at Massachusetts store

Employees at a Trader Joe’s supermarket in Massachusetts on Thursday became the latest workers at a major company to approve a labor union.
Cost of Coastal GasLink pipeline leaps 70% to $11.2B as TC Energy settles dispute

Cost of Coastal GasLink pipeline leaps 70% to $11.2B as TC Energy settles dispute

The projected cost of the contentious Coastal GasLink pipeline spanning northern British Columbia has jumped 70 per cent to $11.2 billion in the wake of a freshly inked deal between operator TC Energy Corp.
Congress OKs bill to aid computer chip firms, counter China

Congress OKs bill to aid computer chip firms, counter China

WASHINGTON (AP) — The House on Thursday passed a $280 billion package to boost the semiconductor industry and scientific research in a bid to create more high-tech jobs in the United States and help it better compete with international rivals, namely
US economy shrinks for a 2nd quarter, raising recession fear

US economy shrinks for a 2nd quarter, raising recession fear

WASHINGTON (AP) — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.
CP Rail bullish on 2022 ahead of sturdy grain crop, and despite sky-high fuel costs

CP Rail bullish on 2022 ahead of sturdy grain crop, and despite sky-high fuel costs

Canadian Pacific Railway Ltd. struck a confident stance for the coming year after seeing some earnings dip in its latest quarter thanks to a dismal grain crop in 2021 and soaring fuel costs since February.
Cenovus CEO says inflation 'manageable' as company posts massive upswing in Q2 profit

Cenovus CEO says inflation 'manageable' as company posts massive upswing in Q2 profit

CALGARY — Cenovus Energy Inc. chief executive Alex Pourbaix said Thursday that inflation has been "manageable" for the energy company so far, but is something he is certainly keeping an eye on.
Help wanted: After pandemic pivots, where have Canadian workers gone?

Help wanted: After pandemic pivots, where have Canadian workers gone?

Restaurants, airlines, schools and nursing homes are at the sharp end of a labour crunch that’s afflicted employers all year long. In June,the unemployment rate fell to a record low of 4.