Business

TSX edges higher while U.S. markets dip as U.S. and China reach deal

December 13, 2019

TORONTO — Canada's main stock index was up slightly while U.S. markets dipped after the U.S. and China reached an initial trade deal.The S&P/TSX composite index was up 6.70 ...

Samsung signs its first Canadian telecom equipment deal with Quebecor's Videotron

December 13, 2019

MONTREAL — Samsung Electronics has made a first step into Canada's telecommunications infrastructure market with a deal to supply equipment for Videotron's wireless network ...

Holiday shopping off to slow start, US retail sales up 0.2%

December 13, 2019

WASHINGTON — U.S. retail sales rose at a modest pace in November as the holiday shopping season appeared to have a slow start.The Commerce Department said Friday that retail ...

Statistics Canada says household debt edges up in Q3, net worth also rises

December 13, 2019

OTTAWA — Statistics Canada says household debt went up in the third quarter as household net worth also rose.The agency says that on a seasonally adjusted basis, total ...

Desmarais brothers to retire as Power Corp. co-CEOs as company restructures

December 13, 2019

MONTREAL — Power Corp. says brothers Andre and Paul Desmarais Jr. will retire from their long-serving roles as co-CEOs of the management and holding company.The ...

Boosting bid to take HBC private 'most likely path' to success, analyst says

December 12, 2019

TORONTO — An analyst says the insider group behind a privatization bid for Hudson's Bay Co. will need to boost its offer to convince minority shareholders to vote for the ...

US and China near deal that would suspend planned tariffs

December 12, 2019

WASHINGTON — The Trump administration and China are close to finalizing a modest trade agreement that would suspend tariffs that are set to kick in Sunday, de-escalating ...

OMERS appoints chief pension officer to chief executive, replacing Latimer

December 12, 2019

TORONTO — OMERS says it has appointed the pension fund's president and chief pension officer as chief executive effective in June.The pension fund handling the retirement ...

Poloz says global growth to remain slow, low global interest rates likely

December 12, 2019

TORONTO — Bank of Canada governor Stephen Poloz said Thursday the global economy appears set for continued slow growth and that low global interest rates are likely to ...

Transcontinental Q4 core earnings fall due to ongoing printing challenges

December 12, 2019

MONTREAL — Transcontinental Inc. beat expectations even though its core earnings fell in the fourth quarter due to lower revenues from ongoing challenges in its printing ...

Royal Bank selling Eastern Caribbean banking operations to consortium

December 12, 2019

TORONTO — Royal Bank of Canada has signed a deal to sell its banking operations in the Eastern Caribbean to a consortium of banks based in the region.The agreement, RBC ...

Wholesale prices unchanged in November as energy prices cool

December 12, 2019

WASHINGTON — U.S. wholesale prices were unchanged in November as the rise in energy costs slowed following a big gain in the previous month.The Labor Department said Thursday...

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Saskatchewan rig count climbs to 45, similar to last year

December 4, 2019

CAODC issues a flat drilling forecast, but 48 fewer rigs next year

November 26, 2019

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Saskatchewan rig count climbs to 45, similar to last year

December 4, 2019

Estevan – Drilling activity has picked up in Saskatchewan, with 45 rigs now working as of Dec. 4, according to Rig Locator (riglocator.ca). That’s a substantial jump from...

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Yes, there are jobs out there. The service rigs are hiring

December 3, 2019

We’ve been hearing about this for a while, and this month, it was time to do something about it. Almost every service rig company we’ve spoken to in the province could ...