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Suncor leasing oil tanker ships to carry crude from Trans Mountain pipeline expansion

CALGARY — Suncor Energy Inc. says it is leasing and operating a number of Aframax oil tanker ships to carry crude from the recently completed Trans Mountain pipeline expansion to Pacific markets.

By The Canadian Press | 05.08.24

CALGARY — Suncor Energy Inc. says it is leasing and operating a number of Aframax oil tanker ships to carry crude from the recently completed Trans Mountain pipeline expansion to Pacific markets.

By The Canadian Press | 05.08.24

ATCO subsidiary to build new Alta. pipeline to supply gas to petrochemical project

CALGARY — Canadian Utilities Ltd., a subsidiary of Calgary-based holding company ATCO Ltd., says it plans to build a new natural gas pipeline in Alberta to supply a massive net-zero petrochemical project being built northeast of Edmonton.

By The Canadian Press | 05.08.24

CALGARY — Canadian Utilities Ltd., a subsidiary of Calgary-based holding company ATCO Ltd., says it plans to build a new natural gas pipeline in Alberta to supply a massive net-zero petrochemical project being built northeast of Edmonton.

By The Canadian Press | 05.08.24

S&P/TSX composite down as shares of Shopify tumble, U.S. stock markets mixed

TORONTO — Canada's main stock index was down more than 100 points as shares of tech heavyweight Shopify Inc. dropped nearly 20 per cent after it reported a loss in its latest quarter and forecast slower revenue growth.

By The Canadian Press | 05.08.24

TORONTO — Canada's main stock index was down more than 100 points as shares of tech heavyweight Shopify Inc. dropped nearly 20 per cent after it reported a loss in its latest quarter and forecast slower revenue growth.

By The Canadian Press | 05.08.24

Spin Master loses US$54.8M in first quarter, Melissa & Doug acquisition boosts sales

TORONTO — Spin Master Corp. says it continues to face challenges as inflation and the high cost of living weigh on consumer discretionary spending on toys.

By The Canadian Press | 05.08.24

TORONTO — Spin Master Corp. says it continues to face challenges as inflation and the high cost of living weigh on consumer discretionary spending on toys.

By The Canadian Press | 05.08.24

Shopify shares sink as company posts Q1 loss, forecasts slower revenue growth

Shopify Inc.'s shares slumped Wednesday as the company reported a loss in its latest quarter and forecast slower revenue growth for next quarter in its financial outlook.

By The Canadian Press | 05.08.24

Shopify Inc.'s shares slumped Wednesday as the company reported a loss in its latest quarter and forecast slower revenue growth for next quarter in its financial outlook.

By The Canadian Press | 05.08.24

Air Canada ranks near bottom on customer satisfaction: survey

MONTREAL — Air Canada ranks below most other major North American airlines on customer satisfaction, with airfares a particular sore point, according to a new survey.

By The Canadian Press | 05.08.24

MONTREAL — Air Canada ranks below most other major North American airlines on customer satisfaction, with airfares a particular sore point, according to a new survey.

By The Canadian Press | 05.08.24

Lion Electric reports US$21.7M Q1 loss compared with US$15.6M loss a year earlier

MONTREAL — The Lion Electric Co. says it lost US$21.7 million in its latest quarter compared with a loss of US$15.6 million in the same quarter last year as it faced higher manufacturing costs related to the ramp up of new products.

By The Canadian Press | 05.08.24

MONTREAL — The Lion Electric Co. says it lost US$21.7 million in its latest quarter compared with a loss of US$15.6 million in the same quarter last year as it faced higher manufacturing costs related to the ramp up of new products.

By The Canadian Press | 05.08.24

Mattress retailer Sleep Country $8.7M Q1 profit, down from $11.3M a year earlier

TORONTO — Sleep Country Canada Holdings Inc. reported its first-quarter profit fell compared with a year ago as its revenue edged higher.

By The Canadian Press | 05.08.24

TORONTO — Sleep Country Canada Holdings Inc. reported its first-quarter profit fell compared with a year ago as its revenue edged higher.

By The Canadian Press | 05.08.24

Shopping centre owner RioCan REIT reports Q1 profit up from year ago

TORONTO — Despite Canada's slowing economic growth, demand is propping up the retail leasing market as rents continue to trend upwards, said the chief executive of RioCan Real Estate Investment Trust.

By The Canadian Press | 05.08.24

TORONTO — Despite Canada's slowing economic growth, demand is propping up the retail leasing market as rents continue to trend upwards, said the chief executive of RioCan Real Estate Investment Trust.

By The Canadian Press | 05.08.24

Brookfield Asset Management reports Q1 profit down from year ago

TORONTO — Brookfield Asset Management Ltd. says it earned US$102 million in its first quarter from its stake in the asset management business it owns with Brookfield Corp.

By The Canadian Press | 05.08.24

TORONTO — Brookfield Asset Management Ltd. says it earned US$102 million in its first quarter from its stake in the asset management business it owns with Brookfield Corp.

By The Canadian Press | 05.08.24