Business

FILE - In this April 23, 2018, file photo, the logo for ExxonMobil appears above a trading post on the floor of the New York Stock Exchange. Exxon lost $1.1 billion in the second quarter, Friday, July 31, 2020, its economic pain deepening as the pandemic kept households on lockdown, diminishing the need for oil around the world. (AP Photo/Richard Drew, File)

Losses mount for oil companies as pandemic grips economy

Losses mount for oil companies as pandemic grips economy

FILE - In this April 23, 2018, file photo, the logo for ExxonMobil appears above a trading post on the floor of the New York Stock Exchange. Exxon lost $1.1 billion in the second quarter, Friday, July 31, 2020, its economic pain deepening as the pandemic kept households on lockdown, diminishing the need for oil around the world. (AP Photo/Richard Drew, File)
The offices of SNC Lavalin are seen Monday, March 26, 2012 in Montreal. THE CANADIAN PRESS/Ryan Remiorz

SNC stock touches 52-week low after Q3 loss linked to arbitration, COVID precautions

SNC stock touches 52-week low after Q3 loss linked to arbitration, COVID precautions

The offices of SNC Lavalin are seen Monday, March 26, 2012 in Montreal. THE CANADIAN PRESS/Ryan Remiorz
A sign board in Toronto shows the closing number for the TSX on Thursday October 29, 2020. THE CANADIAN PRESS/Frank Gunn

Spooked investors push North American stock markets to worst week since March

Spooked investors push North American stock markets to worst week since March

A sign board in Toronto shows the closing number for the TSX on Thursday October 29, 2020. THE CANADIAN PRESS/Frank Gunn
Imperial Oil logo at the company's annual meeting in Calgary on April 28, 2017. THE CANADIAN PRESS/Jeff McIntosh

Imperial Oil ekes out Q3 profit as Kearl oilsands mine rebounds from outage

Imperial Oil ekes out Q3 profit as Kearl oilsands mine rebounds from outage

Imperial Oil logo at the company's annual meeting in Calgary on April 28, 2017. THE CANADIAN PRESS/Jeff McIntosh
Shaw logos are on display at the company’s annual meeting in Calgary, Jan. 17, 2019. THE CANADIAN PRESS/Jeff McIntosh
Shaw logos are on display at the company’s annual meeting in Calgary, Jan. 17, 2019. THE CANADIAN PRESS/Jeff McIntosh
A sign at a Starbucks Coffee store in south Seattle is shown, Tuesday, Oct. 27, 2020. Starbucks saw faster-than-expected recovery in the U.S. and China in its fiscal fourth quarter, giving it confidence as it heads into the holiday season. (AP Photo/Ted S. Warren)

Starbucks sales recover faster than expected in US, China

Weekend sales are outpacing weekdays

  • Oct 30, 2020
A sign at a Starbucks Coffee store in south Seattle is shown, Tuesday, Oct. 27, 2020. Starbucks saw faster-than-expected recovery in the U.S. and China in its fiscal fourth quarter, giving it confidence as it heads into the holiday season. (AP Photo/Ted S. Warren)

Malls gathered facial images of five million shoppers without consent: watchdogs

Malls gathered facial images of five million shoppers without consent: watchdogs

A Toronto Stock Exchange ticker is seen at The Exchange Tower in Toronto on Thursday, August 18 2011. THE CANADIAN PRESS/Aaron Vincent Elkaim

North American stock markets partially rebound despite crude hitting five-month low

North American stock markets partially rebound despite crude hitting five-month low

A Toronto Stock Exchange ticker is seen at The Exchange Tower in Toronto on Thursday, August 18 2011. THE CANADIAN PRESS/Aaron Vincent Elkaim
Suncor Energy Inc.'s logo is shown at the company's annual meeting in Calgary on April 27, 2017.THE CANADIAN PRESS/Jeff McIntosh

Suncor says end of Alberta oil quotas a “positive signal” as it reports $302M loss

Suncor says end of Alberta oil quotas a “positive signal” as it reports $302M loss

Suncor Energy Inc.'s logo is shown at the company's annual meeting in Calgary on April 27, 2017.THE CANADIAN PRESS/Jeff McIntosh
The Cenovus Energy Inc. logo seen at the company's headquarters in Calgary, Alta., Wednesday, Nov. 15, 2017.THE CANADIAN PRESS/Jeff McIntosh

One-time costs of Husky takeover expected to be about $500 million, says Cenovus CEO

One-time costs of Husky takeover expected to be about $500 million, says Cenovus CEO

The Cenovus Energy Inc. logo seen at the company's headquarters in Calgary, Alta., Wednesday, Nov. 15, 2017.THE CANADIAN PRESS/Jeff McIntosh

‘Bleak’ drilling forecast calls for even fewer Canadian oil and gas wells in 2021

‘Bleak’ drilling forecast calls for even fewer Canadian oil and gas wells in 2021

A pumpjack works at a well head on an oil and gas installation near Cremona, Alta., Saturday, Oct. 29, 2016. THE CANADIAN PRESS/Jeff McIntosh
A pumpjack works at a well head on an oil and gas installation near Cremona, Alta., Saturday, Oct. 29, 2016. THE CANADIAN PRESS/Jeff McIntosh
A sign is seen outside the Shopify headquarters in Ottawa, Tuesday September 1, 2020. THE CANADIAN PRESS/Adrian Wyld
A sign is seen outside the Shopify headquarters in Ottawa, Tuesday September 1, 2020. THE CANADIAN PRESS/Adrian Wyld
Husky Energy logo is shown at the company's annual meeting in Calgary on May 5, 2017. THE CANADIAN PRESS/Jeff McIntosh

Husky pipeline spills 900,000 litres of produced water in northwestern Alberta

Husky pipeline spills 900,000 litres of produced water in northwestern Alberta

Husky Energy logo is shown at the company's annual meeting in Calgary on May 5, 2017. THE CANADIAN PRESS/Jeff McIntosh
The Bank of Canada building is seen in Ottawa, Wednesday, April 15, 2020. The Bank of Canada will release its updated outlook for the country's pandemic-plagued economy. THE CANADIAN PRESS/Adrian Wyld

Bank of Canada holds rate steady, says COVID-19 economic recovery likely by 2022

Bank of Canada holds rate steady, says COVID-19 economic recovery likely by 2022

The Bank of Canada building is seen in Ottawa, Wednesday, April 15, 2020. The Bank of Canada will release its updated outlook for the country's pandemic-plagued economy. THE CANADIAN PRESS/Adrian Wyld
Financial numbers are seen on the digital ticker tape at the TMX Group in Toronto's financial district on Friday, May 9, 2014. THE CANADIAN PRESS/Darren Calabrese

COVID-19 infection spike pushes S&P/TSX composite to more than three-month low

COVID-19 infection spike pushes S&P/TSX composite to more than three-month low

Financial numbers are seen on the digital ticker tape at the TMX Group in Toronto's financial district on Friday, May 9, 2014. THE CANADIAN PRESS/Darren Calabrese
A traffic light on Bay Street in Canada's financial district is shown in Toronto on Wednesday, March 18, 2020. A new report says a culture of inequality continues to persist in Canada's capital markets and the brunt of it is felt by women and people who are racialized, Indigenous or identify as LGBTQ2S+. THE CANADIAN PRESS/Nathan Denette

Inequality in capital markets sector continues to hurt women, BIPOC and LGBTQ: report

Inequality in capital markets sector continues to hurt women, BIPOC and LGBTQ: report

A traffic light on Bay Street in Canada's financial district is shown in Toronto on Wednesday, March 18, 2020. A new report says a culture of inequality continues to persist in Canada's capital markets and the brunt of it is felt by women and people who are racialized, Indigenous or identify as LGBTQ2S+. THE CANADIAN PRESS/Nathan Denette
Sharon Hickin, general manager of the Days Inn Sylvan Lake and the new Lake House Diner, poses for a photo outside the new restaurant. Photo by Megan Roth/Sylvan Lake News

Pandemic puts extra hurdles in place for new Sylvan Lake businesses

Over the past seven months numerous new businesses have opened in Sylvan Lake, despite the pandemic

Sharon Hickin, general manager of the Days Inn Sylvan Lake and the new Lake House Diner, poses for a photo outside the new restaurant. Photo by Megan Roth/Sylvan Lake News
People line up at a Service Canada office in Montreal on Thursday, March 19, 2020. THE CANADIAN PRESS/Paul Chiasson
People line up at a Service Canada office in Montreal on Thursday, March 19, 2020. THE CANADIAN PRESS/Paul Chiasson
The Bank of Canada building is seen in Ottawa, Wednesday, April 15, 2020. The Bank of Canada will release its updated outlook for the country’s pandemic-plagued economy. THE CANADIAN PRESS/Adrian Wyld
The Bank of Canada building is seen in Ottawa, Wednesday, April 15, 2020. The Bank of Canada will release its updated outlook for the country’s pandemic-plagued economy. THE CANADIAN PRESS/Adrian Wyld