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Bell, Telus executives express confidence following closure of Rogers-Shaw merger

Bell, Telus executives express confidence following closure of Rogers-Shaw merger

Following Rogers Communications Inc.'s successful closing of the largest telecommunications deal in Canadian history last month, the company's two main rivals say they are well positioned to compete in the altered industry landscape.
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S&P/TSX composite loses more than 100 points, U.S. markets also down

S&P/TSX composite loses more than 100 points, U.S. markets also down

TORONTO — Canada's main stock index was down more than 100 points Thursday amid broad-based losses, while U.S. markets were also down as uncertainty continued to grip the regional banking sector south of the border. Turmoil in the U.S.
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Shopify to reduce workforce by 20% as it narrows focus to core e-commerce business

Shopify to reduce workforce by 20% as it narrows focus to core e-commerce business

TORONTO — Shopify Inc. says it will reduce its head count by about 20 per cent and sell its logistics business as it aims to reduce distracting "side quests" in the latest big change by the Canadian tech company.
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Loblaw strikes deal with TC Energy to power all Alberta operations with renewables

Loblaw strikes deal with TC Energy to power all Alberta operations with renewables

TORONTO — Loblaw Companies Ltd. says it has reached a deal with TC Energy that will see the grocer's operations in Alberta powered entirely by wind, sun and water.
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Canadian Natural Resources reports Q1 profit down as oil prices slide

Canadian Natural Resources reports Q1 profit down as oil prices slide

CALGARY — Canadian Natural Resources Ltd. saw its profits in the first quarter decline 41 per cent year-over-year as oil prices weakened.
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Stock market today: Wall Street sinks as bank fears flare

Stock market today: Wall Street sinks as bank fears flare

NEW YORK (AP) — Stocks closed lower as Wall Street’s worries about the U.S. banking system cranked even higher. The S&P 500 lost 0.7% Thursday. The Dow Jones Industrial Average fell 286 points and is now down for the year.
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BoC can address banking system stress, even as it fights inflation: Macklem

BoC can address banking system stress, even as it fights inflation: Macklem

TORONTO — The Bank of Canada has shifted its messaging in recent months from the need to get inflation under control to bringing it back down to the two per cent target.
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Zelenskyy wants Putin trial; Russia accuses US on drones

Zelenskyy wants Putin trial; Russia accuses US on drones

THE HAGUE, Netherlands (AP) — Ukraine and Russia pressed their wartime rhetoric Thursday, with Ukrainian President Volodymyr Zelenskyy expressing confidence that Vladimir Putin would be convicted of war crimes, and the Kremlin alleging that the U.S.
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Parkland rejects activist investor's call to sell or spin off Burnaby, B.C. refinery

Parkland rejects activist investor's call to sell or spin off Burnaby, B.C. refinery

CALGARY — Parkland Fuel Corp. said Thursday its Burnaby, B.C. refinery is not for sale, even in the face of pressure from an activist investor. The Calgary-based fuel retailer and convenience store operator has been the subject of a campaign by U.S.
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Jury finds Ed Sheeran didn't copy Marvin Gaye classic

Jury finds Ed Sheeran didn't copy Marvin Gaye classic

NEW YORK (AP) — A federal jury in New York concluded Thursday that British singer Ed Sheeran didn't steal key components of Marvin Gaye’s classic 1970s tune “Let’s Get It On” when he created his hit song “Thinking Out Loud.
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