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Precision Drilling to buy CWC Energy Services in deal valued at $141M

Precision Drilling to buy CWC Energy Services in deal valued at $141M

CALGARY — Precision Drilling Corp. has signed an agreement to acquire CWC Energy Services Corp. in a deal valued at about $141 million including shares, cash and assumed debt.
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China exports decline slower than expected in August as economy remains under pressure

China exports decline slower than expected in August as economy remains under pressure

HONG KONG (AP) — China’s exports declined at a slower pace in August, even as the world’s second-biggest economy remains under pressure from weaker demand both domestically and abroad. Exports for August slumped 8.
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Greek shipper pleads guilty to smuggling Iranian crude oil and will pay $2.4 million fine

Greek shipper pleads guilty to smuggling Iranian crude oil and will pay $2.4 million fine

DUBAI, United Arab Emirates (AP) — A Greek shipper has pleaded guilty to a charge over it smuggling sanctioned Iranian crude oil and agreed to pay a $2.4 million fine, U.S. federal court papers seen Thursday by The Associated Press show.
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Health agency probing Air Canada vomit incident that echoes broader customer woes

Health agency probing Air Canada vomit incident that echoes broader customer woes

MONTREAL — The outrage sparked by a passenger incident involving a vomit-smeared airplane seat reflects a broader frustration with flight operations in Canada, travel specialists say.
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Alimentation Couche-Tard reports lower revenues, profits in first quarter

Alimentation Couche-Tard reports lower revenues, profits in first quarter

LAVAL, Que. — Alimentation Couche-Tard Inc. says its net earnings for the first quarter of its financial year were US$834.1 million, down from US$872.4 million a year earlier. The Laval, Que.-based convenience store giant, which reports in U.S.
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Airlines face growing pressure from pilot unions as threat of brain drain looms

Airlines face growing pressure from pilot unions as threat of brain drain looms

MONTREAL — Pilots are demanding better wages and benefits from their employers, raising financial pressure on airlines that are just starting to recover from the pandemic.
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Markets down Wednesday on inflation concerns as Bank of Canada holds rates steady

Markets down Wednesday on inflation concerns as Bank of Canada holds rates steady

TORONTO — Canada's main stock index lost almost 200 points Wednesday amid a broad-based decline,while U.S. markets also posted losses, as investors fretted over stubbornly high inflation.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,226.96, down 186.80 points): Enbridge Inc. (TSX:ENB). Energy. Down $2.85, or 5.92 per cent, to $45.31 on 19.1 million shares.
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What today's interest rate decision means, and what experts say is next

What today's interest rate decision means, and what experts say is next

The Bank of Canada surprised almost no one when it held interest rates steady at five per cent Wednesday amid cooling economic data. Here's what you need to know about the decision, and what could be next.
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Stock market today: Wall Street loses ground as weak stretch continues

Stock market today: Wall Street loses ground as weak stretch continues

NEW YORK — Stocks fell on Wall Street, continuing a weak stretch on this holiday-shortened week. The S&P 500 fell 0.7% Wednesday. The Dow fell 198 points, or 0.6%, and the Nasdaq composite gave back 1.1%.
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