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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 — RioCan Real Estate Investment Trust says its first-quarter profit rose compared with a year ago as its revenue also climbed higher, helped by strong leasing results.

By The Canadian Press | 05.08.24

TORONTO — RioCan Real Estate Investment Trust says its first-quarter profit rose compared with a year ago as its revenue also climbed higher, helped by strong leasing results.

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