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Imperial Oil earns $366 million; Kearl oilsands site sets 25-year production record

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.
Lower COVID-19 losses helps to boost Fairfax Financial's second-quarter profits

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.
Unifor reaches tentative deal with Bombardier but strike continues with De Havilland

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.
Justice says IRS must give Trump tax returns to Congress

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.
Tim Hortons' sales climb but coffee chain faces labour pressure, higher costs

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.
CP urges Kansas City Southern shareholders to oppose CN takeover next month

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.
'Burdensome' regulations hampering access, cost of spectrum: Telus CEO

'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.
Line 3 pipeline to be in service by end of year, despite legal challenges: Enbridge

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.
Ottawa to give ArcelorMittal Dofasco $400M to phase out coal-fired furnaces

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.

Ship tied to Israeli billionaire attacked off Oman, 2 killed

DUBAI, United Arab Emirates (AP) — An attack on an oil tanker linked to an Israeli billionaire killed two crew members off Oman in the Arabian Sea, authorities said Friday, marking the first fatalities after years of assaults targeting shipping in th