Business

A Suncor logo is shown at the company’s annual meeting in Calgary, Alta., Thursday, May 2, 2019. Suncor Energy Inc. says it earned $2.95 billion in the first quarter, up from $821 million in the same period of 2021, as the war in Ukraine and energy supply fears drove oil prices higher. THE CANADIAN PRESS/Jeff McIntosh

Suncor Energy reports earnings of $2.95B as oil prices surge

Revenues were $13.5 billion, up from $8.6 billion in the prior quarter

A Suncor logo is shown at the company’s annual meeting in Calgary, Alta., Thursday, May 2, 2019. Suncor Energy Inc. says it earned $2.95 billion in the first quarter, up from $821 million in the same period of 2021, as the war in Ukraine and energy supply fears drove oil prices higher. THE CANADIAN PRESS/Jeff McIntosh
FILE - Hoan Ton-That, CEO of Clearview AI, demonstrates the company's facial recognition software using a photo of himself in New York on Tuesday, Feb. 22, 2022. In a Monday, May 9, 2022 legal filing, the company has agreed to restrict the use of its massive collection of face images to settle allegations that it collected people's photos without their consent. (AP Photo/Seth Wenig, File)

Face-scanner Clearview agrees to limits in court settlement

Face-scanner Clearview agrees to limits in court settlement

FILE - Hoan Ton-That, CEO of Clearview AI, demonstrates the company's facial recognition software using a photo of himself in New York on Tuesday, Feb. 22, 2022. In a Monday, May 9, 2022 legal filing, the company has agreed to restrict the use of its massive collection of face images to settle allegations that it collected people's photos without their consent. (AP Photo/Seth Wenig, File)
Shaw logos on display at the company's annual meeting in Calgary, Jan. 17, 2019. Shares in Shaw Communications fell in early trading after the company and Rogers Communications Inc. said the Commission of Commission plans to block their merger. THE CANADIAN PRESS/Jeff McIntosh

Competition Bureau seeks to block Rogers-Shaw deal, citing affordability and choice

Competition Bureau seeks to block Rogers-Shaw deal, citing affordability and choice

Shaw logos on display at the company's annual meeting in Calgary, Jan. 17, 2019. Shares in Shaw Communications fell in early trading after the company and Rogers Communications Inc. said the Commission of Commission plans to block their merger. THE CANADIAN PRESS/Jeff McIntosh
Bay Street in Canada's financial district is shown in Toronto on Wednesday, March 18, 2020. THE CANADIAN PRESS/Nathan Denette

S&P/TSX composite closes down more than 3% as commodities drop, U.S. markets down

S&P/TSX composite closes down more than 3% as commodities drop, U.S. markets down

Bay Street in Canada's financial district is shown in Toronto on Wednesday, March 18, 2020. THE CANADIAN PRESS/Nathan Denette
RioCan signage is shown at a strip mall in Mississauga, Ont., on Oct. 24, 2020. RioCan Real Estate Investment Trust will release its first-quarter financial results after the market close on Monday and hold a conference call with analysts on Tuesday. THE CANADIAN PRESS/Richard Buchan

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world…

RioCan signage is shown at a strip mall in Mississauga, Ont., on Oct. 24, 2020. RioCan Real Estate Investment Trust will release its first-quarter financial results after the market close on Monday and hold a conference call with analysts on Tuesday. THE CANADIAN PRESS/Richard Buchan
A woman holds two cellphones in this photo illustration in Chelsea, Que., Monday March 29, 2021. The proposed $26-billion merger between two of Canada’s telecom titans has hit a new regulatory hurdle after the Commissioner of Competition has indicated it intends to block the deal. THE CANADIAN PRESS/Adrian Wyld
A woman holds two cellphones in this photo illustration in Chelsea, Que., Monday March 29, 2021. The proposed $26-billion merger between two of Canada’s telecom titans has hit a new regulatory hurdle after the Commissioner of Competition has indicated it intends to block the deal. THE CANADIAN PRESS/Adrian Wyld
Author Christopher DiRaddo is seen at the Blue Metropolis International Literary Festival, Friday, May 6, 2022, in Montreal. THE CANADIAN PRESS/Ryan Remiorz

Canadian authors, booksellers say COVID-19 has both helped and hurt their industry

Book sales are up compared to pre-pandemic levels, but supply chain woes loom large

Author Christopher DiRaddo is seen at the Blue Metropolis International Literary Festival, Friday, May 6, 2022, in Montreal. THE CANADIAN PRESS/Ryan Remiorz
The Enbridge logo is shown at the company’s annual meeting in Calgary on May 9, 2018. Enbridge Inc. says its profits rose in the first quarter as energy demand continues to grow. THE CANADIAN PRESS/Jeff McIntosh

Enbridge reports $1.93B first-quarter profit as energy demand and prices grow

Revenues increased 24 per cent to $15.1 billion from $12.1 billion a year earlier

The Enbridge logo is shown at the company’s annual meeting in Calgary on May 9, 2018. Enbridge Inc. says its profits rose in the first quarter as energy demand continues to grow. THE CANADIAN PRESS/Jeff McIntosh
A train driver looks out of his locomotive at the arriving of a Ukrainian freight train with fodder maize, in Vienna, Austria, Friday, May 6, 2022. (AP Photo/Theresa Wey)

With Ukraine’s ports blocked, trains in Europe haul grain

With Ukraine’s ports blocked, trains in Europe haul grain

A train driver looks out of his locomotive at the arriving of a Ukrainian freight train with fodder maize, in Vienna, Austria, Friday, May 6, 2022. (AP Photo/Theresa Wey)
Financial numbers flow on the digital ticker tape at the TMX Group in Toronto's financial district on May 9, 2014. Canada's main stock index edged down in late-morning trading, pulled down by losses in the base metals and information technology sectors, while U.S. stock markets also traded lower. THE CANADIAN PRESS/Darren Calabrese

North American stock markets end volatile week by falling further

North American stock markets end volatile week by falling further

Financial numbers flow on the digital ticker tape at the TMX Group in Toronto's financial district on May 9, 2014. Canada's main stock index edged down in late-morning trading, pulled down by losses in the base metals and information technology sectors, while U.S. stock markets also traded lower. THE CANADIAN PRESS/Darren Calabrese
A woman is silhouetted as the Telus Corp. logo is displayed during a company event in Vancouver, B.C., on Friday October 2, 2015. Telus Corp. reported its first-quarter profit increased compared with a year ago as its revenue climbed more than six per cent. THE CANADIAN PRESS/Darryl Dyck

Telus reports higher profits as it touts diversified business model

Telus reports higher profits as it touts diversified business model

A woman is silhouetted as the Telus Corp. logo is displayed during a company event in Vancouver, B.C., on Friday October 2, 2015. Telus Corp. reported its first-quarter profit increased compared with a year ago as its revenue climbed more than six per cent. THE CANADIAN PRESS/Darryl Dyck

Uber, union reach settlement in Ontario unionization case: UFCW Canada

Uber, union reach settlement in Ontario unionization case: UFCW Canada

A woman checks out a jobs advertisement sign during the COVID-19 pandemic in Toronto on Wednesday, April 29, 2020. Statistics Canada will release its latest reading on the job market on Friday. The agency will release its labour force survey for April. THE CANADIAN PRESS/Nathan Denette

April jobless rate drops to another new low as economy adds 15K jobs: StatCan

April jobless rate drops to another new low as economy adds 15K jobs: StatCan

A woman checks out a jobs advertisement sign during the COVID-19 pandemic in Toronto on Wednesday, April 29, 2020. Statistics Canada will release its latest reading on the job market on Friday. The agency will release its labour force survey for April. THE CANADIAN PRESS/Nathan Denette
A woman checks out a jobs advertisement sign during the COVID-19 pandemic in Toronto on Wednesday, April 29, 2020. Statistics Canada will release its latest reading on the job market on Friday. The agency will release its labour force survey for April. THE CANADIAN PRESS/Nathan Denette

April jobless rate drops to another new low as economy adds 15K jobs: StatCan

Rate fell to its lowest point since at least 1976, which is as far back as comparable data goes

A woman checks out a jobs advertisement sign during the COVID-19 pandemic in Toronto on Wednesday, April 29, 2020. Statistics Canada will release its latest reading on the job market on Friday. The agency will release its labour force survey for April. THE CANADIAN PRESS/Nathan Denette

Neo Financial becomes Calgary’s latest $1 billion tech ‘unicorn’

Neo Financial becomes Calgary’s latest $1 billion tech ‘unicorn’

Shopify Inc. headquarters signage in Ottawa on Tuesday, May 3, 2022. Shopify Inc. is a Canadian multinational e-commerce company. Shopify Inc. signs deal to buy Deliverr Inc. in a deal valued at about US$2.1 billion including about 80 per cent in cash and 20 per cent in Shopify shares. THE CANADIAN PRESS/Sean Kilpatrick

Shopify stock plunges to two-year low as it signs US$2.1-billion deal to buy Deliverr

Shopify stock plunges to two-year low as it signs US$2.1-billion deal to buy Deliverr

Shopify Inc. headquarters signage in Ottawa on Tuesday, May 3, 2022. Shopify Inc. is a Canadian multinational e-commerce company. Shopify Inc. signs deal to buy Deliverr Inc. in a deal valued at about US$2.1 billion including about 80 per cent in cash and 20 per cent in Shopify shares. THE CANADIAN PRESS/Sean Kilpatrick
Canadian Natural Resources Ltd. logo is seen at the company's annual meeting in Calgary, Thursday, May 3, 2012. Canadian Natural Resources Ltd. saw its first-quarter profit more than double compared with a year ago, helped by higher oil and natural gas prices.<br style="box-sizing: inherit; color: rgb(29, 28, 29); font-family: Slack-Lato, Slack-Fractions, appleLogo, sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: common-ligatures; background-color: rgb(248, 248, 248);"> THE CANADIAN PRESS/Jeff McIntosh

Canadian Natural Resources first-quarter profit more than doubles

Canadian Natural Resources first-quarter profit more than doubles

Canadian Natural Resources Ltd. logo is seen at the company's annual meeting in Calgary, Thursday, May 3, 2012. Canadian Natural Resources Ltd. saw its first-quarter profit more than double compared with a year ago, helped by higher oil and natural gas prices.<br style="box-sizing: inherit; color: rgb(29, 28, 29); font-family: Slack-Lato, Slack-Fractions, appleLogo, sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: common-ligatures; background-color: rgb(248, 248, 248);"> THE CANADIAN PRESS/Jeff McIntosh
Mirko Bibic, president and CEO of BCE and Bell Canada speaks during a CRTC hearing for Telecom Notice of Consultation CRTC 2019-57, Review of mobile wireless services, in Gatineau, Que., on Wednesday, Feb. 19, 2020. BCE Inc. reported its first-quarter profit rose more than 30 per cent compared with a year ago as its revenue also moved higher. Bibic said it was the first quarter since the start of the pandemic in which the company's consolidated financial results surpassed pre-COVID levels. THE CANADIAN PRESS/Justin Tang

BCE pushes ahead with next-gen infrastructure spending as inflationary pressures rise

BCE pushes ahead with next-gen infrastructure spending as inflationary pressures rise

Mirko Bibic, president and CEO of BCE and Bell Canada speaks during a CRTC hearing for Telecom Notice of Consultation CRTC 2019-57, Review of mobile wireless services, in Gatineau, Que., on Wednesday, Feb. 19, 2020. BCE Inc. reported its first-quarter profit rose more than 30 per cent compared with a year ago as its revenue also moved higher. Bibic said it was the first quarter since the start of the pandemic in which the company's consolidated financial results surpassed pre-COVID levels. THE CANADIAN PRESS/Justin Tang
A man walks along Wellington Street in the financial district in Toronto on Wednesday, September 29, 2021. THE CANADIAN PRESS/Evan Buhler

S&P/TSX composite suffers worst day since November as investors weigh higher rates

S&P/TSX composite suffers worst day since November as investors weigh higher rates

A man walks along Wellington Street in the financial district in Toronto on Wednesday, September 29, 2021. THE CANADIAN PRESS/Evan Buhler
Cryptocurrency investor Jillian Friedman is seen in her office Wednesday, April 27, 2022 in Montreal. THE CANADIAN PRESS/Ryan Remiorz

More traditional finance professionals shifting to crypto as sector grows up

More traditional finance professionals shifting to crypto as sector grows up

Cryptocurrency investor Jillian Friedman is seen in her office Wednesday, April 27, 2022 in Montreal. THE CANADIAN PRESS/Ryan Remiorz