Cenovus Energy CVE-T +1.83%increase said on Thursday it expects higher production from its U.S. refineries in 2024 as the Canadian company’s two refineries restarted operating at full capacity.The company had been grappling with […]
Author: Consultant
Canadian manufacturing sales down 2.8% to $71.0-billion in October
Statistics Canada says manufacturing sales fell 2.8 per cent to $71.0-billion, led by a drop in petroleum and coal product sales as well as lower sales in the machinery and […]
World oil demand next year to rise faster than expected, IEA says
World oil demand will rise faster than expected next year, the International Energy Agency (IEA) said on Thursday, a sign that the outlook for near-term oil use remains robust despite […]
Sobeys parent Empire sees profit slip despite gains in grocery business
Sobeys parent company Empire Co. Ltd.EMP-A-T -7.45%decrease reported sales and earnings growth in its grocery business in the second quarter, while income from investments and other operations led to an overall decline […]
Pembina Pipeline to buy Enbridge’s JV interests for $3.1-billion
Pembina Pipeline PPL-T -2.97%decreasesaid on Wednesday it would buy Enbridge’s ENB-T -0.10%decreaseinterests in the Alliance Pipeline, Aux Sable and NRGreen joint ventures for $3.1 billion.Alliance delivers liquids rich natural gas sourced in Northeast B.C., […]
Retail sales rose 0.3% in November vs. expectations for a decline
Retail sales rose 0.3% in November, stronger than the 0.2% decline in October and better than the Dow Jones estimate for a decrease of 0.1%. Sales held up despite a […]
Dollarama profit jumps 31.4% as shoppers continue to look to discount retailers for inflation relief
Dollarama Inc. DOL-T -1.68%decrease reported a 31.4-per-cent increase in profit in its third quarter, as Canadians continue to turn to discount stores looking for some relief from the pressures of inflation.This has been an […]
Fed holds rates steady, indicates three cuts coming in 2024
The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.With the […]
Consumer prices rose 0.1% in November from the prior month
Prices across a broad range of goods and services edged higher in November as energy prices declined, providing hope that inflation could be on a lower trajectory.The consumer price index, […]