Business

SNC-Lavalin stock takes a new tumble after credit downgrade, political flare-up

August 20, 2019

MONTREAL — SNC-Lavalin Group Inc.'s stock fell again after Standard & Poor's downgraded its credit rating to junk status.Shares in the engineering giant were down 34 cents or...

Statistics Canada reports manufacturing sales fell 1.2 per cent in June

August 20, 2019

OTTAWA — Statistics Canada says manufacturing sales fell 1.2 per cent to $58 billion in June, led lower by a drop in the petroleum and coal product and food ...

Transat continues to back Air Canada bid following comments by Peladeau

August 20, 2019

MONTREAL — Transat A.T. Inc. repeated its recommendation that shareholders support a takeover offer for the company by Air Canada after Pierre Karl Peladeau hinted he may ...

Writers union says talent agents are violating antitrust law

August 19, 2019

LOS ANGELES — The Writers Guild of America filed claims Monday in federal court alleging the entertainment industry's biggest talent agencies are violating antitrust and ...

Bell says it will cut back on rural broadband program after CRTC rate cut

August 19, 2019

Bell Canada says it will cut roughly 200,000 households from a rural internet expansion program after a federal regulator lowered wholesale broadband prices that major ...

Husky Energy shares rise on analyst report about potential privatization

August 19, 2019

CALGARY — Shares in Husky Energy Inc. gained more than five per cent after an RBC Dominion Securities analyst suggested its low share price makes this a good time for the ...

Bonterra has 70 workers cleaning up oil spill site in Alberta creek

August 19, 2019

DRAYTON VALLEY, Alta. — Bonterra Energy Corp. says it has 70 workers cleaning up the site of an oil emulsion leak from a pipeline into a creek that feeds the North ...

Quebecor CEO dangles offer for Transat if Air Canada deal can't take off

August 19, 2019

MONTREAL — The head of Quebec telecommunications giant Quebecor Inc. is dangling a potential offer for Transat A.T. if the tour operator's shareholders or regulatory ...

Disney Plus, Cable Minus: Analysts say streaming service may escalate cord cutting

August 19, 2019

TORONTO — The Walt Disney Company is swooping into the Canadian market with its powerful new streaming platform Disney Plus in November, and analysts say the menu of Marvel ...

Catalyst Capital Group buys nearly 18.5M HBC shares in tender offer

August 19, 2019

The Hudson's Bay Co. insiders who want to take Canada's oldest retailer private face a new obstacle after an investment firm snapped up about one tenth of the company's ...

Goldman Sachs unit invests in Toronto-based Slate Asset Management

August 19, 2019

TORONTO — Goldman Sachs' asset management-focused unit has taken a minority stake in Toronto-based alternative investment firm Slate Asset Management LP.Slate announced a ...

Five things to watch for in the Canadian business world in the coming week

August 18, 2019

TORONTO — Five things to watch for in the Canadian business world in the coming week:July inflationStatistics Canada will release its consumer price index for July on ...

See More Drilling & Exploration

Saskatchewan sees 40 rigs drilling in mid-August

August 16, 2019

Well into summer, drilling rig count is noticeably sluggish

July 16, 2019

See More Features

Saskatchewan sees 40 rigs drilling in mid-August

August 16, 2019

Estevan – There were 40 drilling rigs working in Saskatchewan on Aug. 14, according to sister publication Rig Locator (riglocator.ca). That made for 36 per cent out of a ...

See More Opinion

Let the rumble strips rumble

August 19, 2019

The other day I ran into our local MLA, Lori Carr, who happened to be the Highways Minister. (Well, she was Highways minister when I spoke to her, as she was shuffled to ...