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Teck Resources cuts guidance for steelmaking coal; outage continues at Elkview mine

Teck Resources cuts guidance for steelmaking coal; outage continues at Elkview mine

One day after announcing it will exit the oilsands business by selling its stake in the Fort Hills oilsands project, Teck Resources Ltd. said it continues to face inflationary pressures and production challenges at other sites around the globe.
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Europe sees fastest pace of rate hikes since euro launched

Europe sees fastest pace of rate hikes since euro launched

FRANKFURT, Germany (AP) — The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates at the fastest pace in the euro currency’s history and underscoring the bank's determinati
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Sustainable investing loses some shine but proponents say still good long-term bet

Sustainable investing loses some shine but proponents say still good long-term bet

TORONTO — Some of the shine has come off sustainable investing this year amid questions abouteffectiveness and as oil and gas prices and stocks spiked while the wider market floundered, but those in the sector say it still makes sense for the long te
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Canopy warns Nasdaq objects to plans for U.S. holding company, could delist pot firm

Canopy warns Nasdaq objects to plans for U.S. holding company, could delist pot firm

SMITHS FALLS, Ont. — Canopy Growth Corp. is warning a U.S. holding company it wants to set up could be delisted from the Nasdaq stock exchange, which is objecting to some of its plans. The Smiths Falls, Ont.
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Average one-bedroom condo rent soars 20% from last year: Toronto real estate board

Average one-bedroom condo rent soars 20% from last year: Toronto real estate board

TORONTO — The Toronto Regional Real Estate Board says the average cost for a one-bedroom condo soared by more than 20 per cent to $2,481 between the third quarter of this year and the same period last year.
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'We will get back there': Shopify exec promises return to profitability after loss

'We will get back there': Shopify exec promises return to profitability after loss

Shopify Inc.'s president says the company is focused on tamping down on operating expenses as it strives to get back to profitability. "If you look over the seven years since (our) IPO, five of those years, we've been profitable.
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Small business confidence plummets amid high debt, climbing interest rates: CFIB

Small business confidence plummets amid high debt, climbing interest rates: CFIB

Small business confidence in Canada took a nosedive in October, dropping to levels not recorded since early in the pandemic, new research released Thursday said.
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Musk doesn't seek a “free-for-all hellscape” for Twitter

Musk doesn't seek a “free-for-all hellscape” for Twitter

SAN FRANCISCO — Elon Musk is telling Twitter advertisers he is buying the platform to “help humanity” and doesn’t want it to become a “free-for-all hellscape” where anything can be said with no consequences.
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Telus International to acquire WillowTree for US$1.225 billion, including debt

Telus International to acquire WillowTree for US$1.225 billion, including debt

VANCOUVER — Telus International, a spin-off from Telus Corp., says it is acquiring full-service digital product provider WillowTree for US$1.225 billion, including debt, as it looks to continue growing.
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Cameco reports $20M third-quarter loss, revenue up eight per cent from year ago

Cameco reports $20M third-quarter loss, revenue up eight per cent from year ago

SASKATOON — Cameco Corp. reported a third-quarter loss of $20 million compared with a loss of $72 million in the same quarter last year as its revenue rose eight per cent.
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