Latest News
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Air Canada narrows 2025 core profit forecast as it grapples with U.S. travel decline
Air Canada AC-T -1.12%decrease narrowed its 2025 core profit forecast after reporting lower third-quarter profit on Tuesday, as the airline grapples with waning demand for travel to the U.S. amid trade tensions. Canada’s largest carrier expects full-year adjusted…
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Suncor beats quarterly profit estimates as higher production offsets lower prices
Integrated oil and gas firm Suncor Energy SU-T +5.01%increase beat third-quarter profit estimates on Tuesday, as higher production and strong refining margins helped offset lower prices. Demand and margins for refiners are recovering after last year’s slump, when…
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Ovintiv seals $3.8-billion deal for NuVista
Ovintiv OVV-T +2.23%increase said on Tuesday it would buy the rest of NuVista Energy NVA-T +6.09%increase in a cash-and-stock deal valued at $3.8-billion, including debt, strengthening the shale producer’s presence in Canada’s Montney basin. Last year, the North American company had…
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Fortis boosts dividend after posting third-quarter profit of $409-million
Fortis Inc. FTS-T +0.84%increase raised its dividend as it reported a third-quarter profit of $409-million. The power utility says it will now pay a quarterly dividend of 64 cents a share, up from 61.5 cents a share. The…
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Thomson Reuters reports higher third-quarter revenue, meeting estimates
Thomson Reuters TRI-T -4.96%decrease reported higher higher third-quarter revenue on Tuesday, boosted by investments in artificial intelligence products in its legal and tax and accounting divisions. The Toronto-based content and technology company also reaffirmed its full year 2025…
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Shopify posts higher profit, forecasts a better than expected fourth quarter
Shopify Inc. SHOP-T -3.65%decrease reported higher revenue, income and profit for its third quarter, and projected fourth-quarter earnings that exceed analyst expectations for the busy holiday season. In earnings Tuesday, the Canadian e-commerce giant posted revenue of US$2.8-billion…
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Canada, Philippines sign defence pact to deter aggression from China
Canada and the Philippines, both staunch critics of China’s increasingly coercive actions in the disputed South China Sea, signed a key defence agreement on Sunday to boost combat drills and expand security alliances to deter aggression, officials…
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Canadian Natural (CNQ) boosts production outlook after taking full control of oil sands mine
Oil and gas giant Canadian Natural Resources Ltd. CNQ-T +0.09%increase has boosted its production forecast for the year after it gained full ownership of a major oil sands mine through an asset-swap deal with Shell Canada Ltd. SHEL-N -0.44%decrease The…
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Glencore plans to shut Canada’s largest copper metal operation over costs, sources say
Glencore GLNCY -2.31%decrease is planning to close its Horne smelter, Canada’s largest copper metal-producing operation, due to environmental issues and the millions of dollars needed to upgrade the facility, two sources with knowledge of the matter said. The…