Business

A sign board in Toronto shows the closing number for the TSX on Thursdsay October 29, 2020. THE CANADIAN PRESS/Frank Gunn

S&P/TSX composite index lifted by broad rally led by energy, materials sectors

S&P/TSX composite index lifted by broad rally led by energy, materials sectors

A sign board in Toronto shows the closing number for the TSX on Thursdsay October 29, 2020. THE CANADIAN PRESS/Frank Gunn
Nutrien Tower is seen in Saskatoon on June 25, 2021. Nutrien Ltd. says it earned a record US$1.4 billion in the first quarter as the war in Ukraine drove up commodity prices and raised concerns about global food security. THE CANADIAN PRESS/Liam Richards

Nutrien earns US$1.4B, hikes guidance as Ukraine war drives fertilizer demand

Nutrien earns US$1.4B, hikes guidance as Ukraine war drives fertilizer demand

Nutrien Tower is seen in Saskatoon on June 25, 2021. Nutrien Ltd. says it earned a record US$1.4 billion in the first quarter as the war in Ukraine drove up commodity prices and raised concerns about global food security. THE CANADIAN PRESS/Liam Richards
People walk on Bay Street in Canada's financial district in Toronto on Wednesday, March 18, 2020. THE CANADIAN PRESS/Nathan Denette

Late rally prevents North American stock markets from poor start to May

Late rally prevents North American stock markets from poor start to May

People walk on Bay Street in Canada's financial district in Toronto on Wednesday, March 18, 2020. THE CANADIAN PRESS/Nathan Denette
Suncor president and CEO Mark Little prepares to address the company's annual meeting in Calgary, Thursday, May 2, 2019. Activist investor Elliott Investment Management wrote a letter last week calling for changes to Suncor's board and a review of its executive leadership. THE CANADIAN PRESS/Jeff McIntosh

Suncor’s safety record in the spotlight as activist investor calls for change

Suncor’s safety record in the spotlight as activist investor calls for change

Suncor president and CEO Mark Little prepares to address the company's annual meeting in Calgary, Thursday, May 2, 2019. Activist investor Elliott Investment Management wrote a letter last week calling for changes to Suncor's board and a review of its executive leadership. THE CANADIAN PRESS/Jeff McIntosh
FILE - Christian Smalls, president of the Amazon Labor Union, speaks at a rally outside an Amazon facility on Staten Island in New York, Sunday, April 24, 2022. Amazon and the nascent group that successfully organized the company’s first-ever U.S. union are headed for a rematch Monday, May 2, 2022, when a federal labor board will tally votes cast by warehouse workers in yet another election on Staten Island. (AP Photo/Seth Wenig, File)

Amazon workers in NYC reject union in a reversal of fortune

Amazon workers in NYC reject union in a reversal of fortune

FILE - Christian Smalls, president of the Amazon Labor Union, speaks at a rally outside an Amazon facility on Staten Island in New York, Sunday, April 24, 2022. Amazon and the nascent group that successfully organized the company’s first-ever U.S. union are headed for a rematch Monday, May 2, 2022, when a federal labor board will tally votes cast by warehouse workers in yet another election on Staten Island. (AP Photo/Seth Wenig, File)
Signage of a Couche-Tard convenience store is shown in Montreal in an October 5, 2012, file photo. THE CANADIAN PRESS/Graham Hughes

Alimentation Couche-Tard reportedly in talks to combine with U.K. retailing giant

Alimentation Couche-Tard reportedly in talks to combine with U.K. retailing giant

Signage of a Couche-Tard convenience store is shown in Montreal in an October 5, 2012, file photo. THE CANADIAN PRESS/Graham Hughes
People cross the street in downtown Vancouver, on Wednesday, February 23, 2022. As pandemic restrictions are lifted and cases ease, some companies want workers back in the office five days a week. THE CANADIAN PRESS/Darryl Dyck

‘It won’t change overnight:’ Workers push back as return-to-office plans roll out

Multiple factors can influence how employees respond to the revival of office life

People cross the street in downtown Vancouver, on Wednesday, February 23, 2022. As pandemic restrictions are lifted and cases ease, some companies want workers back in the office five days a week. THE CANADIAN PRESS/Darryl Dyck
A Hexo Corp. employee examines cannabis plants in one of the company's greenhouses, seen during a tour of the facility, Thursday, October 11, 2018 in Masson Angers, Que. The musical chairs is continuing at Hexo Corp. as the cannabis company has announced the appointment of its third CEO in six months. THE CANADIAN PRESS/Adrian Wyld

Hexo appoints third CEO in six months as cannabis company restructuring continues

Hexo appoints third CEO in six months as cannabis company restructuring continues

A Hexo Corp. employee examines cannabis plants in one of the company's greenhouses, seen during a tour of the facility, Thursday, October 11, 2018 in Masson Angers, Que. The musical chairs is continuing at Hexo Corp. as the cannabis company has announced the appointment of its third CEO in six months. THE CANADIAN PRESS/Adrian Wyld
Shoppers ride an escalator at Londonderry Mall in Edmonton on August 26, 2017. Statistics Canada says real gross domestic product rose 1.1 per cent in February to post its largest monthly gain since March 2021. The agency also says its early estimate for March this year indicated a gain of 0.5 per cent for the month. THE CANADIAN PRESS/Jason Franson

Economy gains momentum with 1.1% GDP growth in February, best month since March 2021

Economy gains momentum with 1.1% GDP growth in February, best month since March 2021

Shoppers ride an escalator at Londonderry Mall in Edmonton on August 26, 2017. Statistics Canada says real gross domestic product rose 1.1 per cent in February to post its largest monthly gain since March 2021. The agency also says its early estimate for March this year indicated a gain of 0.5 per cent for the month. THE CANADIAN PRESS/Jason Franson
International Trade, Export Promotion, Small Business and Economic Development Minister Mary Ng rises during question period in the House of Commons on Parliament Hill in Ottawa on Thursday, December 16, 2021. THE CANADIAN PRESS/Patrick Doyle

Canadian companies expected to uphold ethical standards abroad under new strategy

Canadian companies expected to uphold ethical standards abroad under new strategy

International Trade, Export Promotion, Small Business and Economic Development Minister Mary Ng rises during question period in the House of Commons on Parliament Hill in Ottawa on Thursday, December 16, 2021. THE CANADIAN PRESS/Patrick Doyle
A man walks in frigid weather at Rundle Park as emissions rise from the Imperial Oil Strathcona Refinery, in Edmonton, Wednesday, Dec. 25, 2019. Imperial Oil Ltd. says it posted its highest first-quarter profit in over 30 years as it earned $1.17 billion, boosted by higher oil prices. THE CANADIAN PRESS/Darryl Dyck

Imperial Oil posts $1.17B first-quarter profit, best in over 30 years

Imperial Oil posts $1.17B first-quarter profit, best in over 30 years

A man walks in frigid weather at Rundle Park as emissions rise from the Imperial Oil Strathcona Refinery, in Edmonton, Wednesday, Dec. 25, 2019. Imperial Oil Ltd. says it posted its highest first-quarter profit in over 30 years as it earned $1.17 billion, boosted by higher oil prices. THE CANADIAN PRESS/Darryl Dyck
The Magna International Inc., sign is shown at the company's annual general meeting in Toronto on Friday, May 10, 2013. Magna International Inc. cut its outlook for the year due to lower than expected global auto production and increased costs as it reported a first-quarter profit of US$364 million. THE CANADIAN PRESS/Nathan Denette

Magna International reports US$364M Q1 profit, cuts outlook for full year

Magna International reports US$364M Q1 profit, cuts outlook for full year

The Magna International Inc., sign is shown at the company's annual general meeting in Toronto on Friday, May 10, 2013. Magna International Inc. cut its outlook for the year due to lower than expected global auto production and increased costs as it reported a first-quarter profit of US$364 million. THE CANADIAN PRESS/Nathan Denette

S&P/TSX composite falls to wrap up dismal April and fifth-straight monthly decline

S&P/TSX composite falls to wrap up dismal April and fifth-straight monthly decline

The TC Energy logo is shown in a handout. TC Energy Corp. says it earned $358 million in its first quarter quarter compared with a loss of $1.06 billion in the same quarter last year when it took a charge related to the cancellation of its controversial Keystone XL project. THE CANADIAN PRESS/HO

TC Energy interested in helping bring nuclear power to oilsands

TC Energy interested in helping bring nuclear power to oilsands

The TC Energy logo is shown in a handout. TC Energy Corp. says it earned $358 million in its first quarter quarter compared with a loss of $1.06 billion in the same quarter last year when it took a charge related to the cancellation of its controversial Keystone XL project. THE CANADIAN PRESS/HO
Rogers chief technology officer Jorge Fernandes introduces THINKLab, its proposed National Centre of Technology and Engineering Excellence, in Calgary, Alta., Thursday, April 28, 2022. THE CANADIAN PRESS/Jeff McIntosh

Rogers to bring 500 jobs to Calgary with national technology centre

Rogers to bring 500 jobs to Calgary with national technology centre

Rogers chief technology officer Jorge Fernandes introduces THINKLab, its proposed National Centre of Technology and Engineering Excellence, in Calgary, Alta., Thursday, April 28, 2022. THE CANADIAN PRESS/Jeff McIntosh
A processing unit at Suncor Fort Hills facility in Fort McMurray, Alta., on September 10, 2018. Elliott Investment Management is seeking changes to the board of directors at Suncor Energy Inc. and is calling for a review of the company's executive leadership. THE CANADIAN PRESS/Jason Franson

Activist investor Elliott Investment Management seeking changes at Suncor Energy

Activist investor Elliott Investment Management seeking changes at Suncor Energy

A processing unit at Suncor Fort Hills facility in Fort McMurray, Alta., on September 10, 2018. Elliott Investment Management is seeking changes to the board of directors at Suncor Energy Inc. and is calling for a review of the company's executive leadership. THE CANADIAN PRESS/Jason Franson
Trainees roll pipe off the catwalk during a training session to lay down drill pipe on a rig floor at Precision Drilling in Nisku, Alta., in a January 20, 2017. Precision Drilling Corp. reported a first-quarter loss as its revenue rose by nearly 50 per cent compared with a year ago, boosted by growing demand for its services. THE CANADIAN PRESS/Jason Franson

Precision Drilling boosts capital spending as higher rig demand expected to continue

Precision Drilling boosts capital spending as higher rig demand expected to continue

Trainees roll pipe off the catwalk during a training session to lay down drill pipe on a rig floor at Precision Drilling in Nisku, Alta., in a January 20, 2017. Precision Drilling Corp. reported a first-quarter loss as its revenue rose by nearly 50 per cent compared with a year ago, boosted by growing demand for its services. THE CANADIAN PRESS/Jason Franson

West Fraser Q1 profit surges 64% despite significant winter transportation woes

West Fraser Q1 profit surges 64% despite significant winter transportation woes

Canada's main stock index climbed higher in late-morning trading, boosted by gains in the consumer staples, telecommunications and health care sectors. Financial numbers flow on the digital ticker tape at the TMX Group in Toronto's financial district on May 9, 2014. THE CANADIAN PRESS/Darren Calabrese

S&P/TSX composite has best day of 2022 as energy, tech lead recovery

S&P/TSX composite has best day of 2022 as energy, tech lead recovery

Canada's main stock index climbed higher in late-morning trading, boosted by gains in the consumer staples, telecommunications and health care sectors. Financial numbers flow on the digital ticker tape at the TMX Group in Toronto's financial district on May 9, 2014. THE CANADIAN PRESS/Darren Calabrese
FILE - Facebook unveiled their new Meta sign at the company headquarters in Menlo Park, Calif., on Oct. 28, 2021. Facebook parent Meta's 2022 first quarter profit jumped past Wall Street's expectations despite slower revenue growth, sending shares up sharply in after-hours trading. The company earned $7.47 billion, or $2.72 per share, in the January-March period. (AP Photo/Tony Avelar, File)

Shares of Facebook parent Meta soar despite growth slowdown

Shares of Facebook parent Meta soar despite growth slowdown

FILE - Facebook unveiled their new Meta sign at the company headquarters in Menlo Park, Calif., on Oct. 28, 2021. Facebook parent Meta's 2022 first quarter profit jumped past Wall Street's expectations despite slower revenue growth, sending shares up sharply in after-hours trading. The company earned $7.47 billion, or $2.72 per share, in the January-March period. (AP Photo/Tony Avelar, File)