Business

The TMX Group logo, home of the TSX, is shown in Toronto on June 28, 2013. THE CANADIAN PRESS/Aaron Vincent Elkaim

North American stock markets flat a week ahead of U.S. election

North American stock markets flat a week ahead of U.S. election

The TMX Group logo, home of the TSX, is shown in Toronto on June 28, 2013. THE CANADIAN PRESS/Aaron Vincent Elkaim
The corporate logo of Teck Resources Limited is shown. THE CANADIAN PRESS/HO

Vancouver miner says sale of oilsands stake more likely as output allowed to rise

Vancouver miner says sale of oilsands stake more likely as output allowed to rise

The corporate logo of Teck Resources Limited is shown. THE CANADIAN PRESS/HO
Prime Minister Justin Trudeau adjusts his mask as he leaves a news conference Tuesday October 20, 2020 in Ottawa. About 130 tech CEOs in Canada are accusing the prime minister of ignoring the needs of the innovation economy and being slow to enact data and intellectual property policies. THE CANADIAN PRESS/Adrian Wyld

‘We need a champion in government’: Tech CEOs want prosperity strategy from Trudeau

‘We need a champion in government’: Tech CEOs want prosperity strategy from Trudeau

Prime Minister Justin Trudeau adjusts his mask as he leaves a news conference Tuesday October 20, 2020 in Ottawa. About 130 tech CEOs in Canada are accusing the prime minister of ignoring the needs of the innovation economy and being slow to enact data and intellectual property policies. THE CANADIAN PRESS/Adrian Wyld
A LuminUltra employee uses a portable detection tool in this undated handout photo. A Fredericton-based company recently filed a patent for a technology it says can help in the early detection of the COVID-19 virus in sewage. LuminUltra and researchers at Dalhousie University have developed a system for the rapid, on-site testing of wastewater that the company says is portable and less costly than traditional labratory testing. THE CANADIAN PRESS/HO - LuminUltra
A LuminUltra employee uses a portable detection tool in this undated handout photo. A Fredericton-based company recently filed a patent for a technology it says can help in the early detection of the COVID-19 virus in sewage. LuminUltra and researchers at Dalhousie University have developed a system for the rapid, on-site testing of wastewater that the company says is portable and less costly than traditional labratory testing. THE CANADIAN PRESS/HO - LuminUltra
Prime Minister Justin Trudeau adjusts his mask as he leaves a news conference Tuesday October 20, 2020 in Ottawa. About 130 tech CEOs in Canada are accusing the prime minister of ignoring the needs of the innovation economy and being slow to enact data and intellectual property policies. THE CANADIAN PRESS/Adrian Wyld
Prime Minister Justin Trudeau adjusts his mask as he leaves a news conference Tuesday October 20, 2020 in Ottawa. About 130 tech CEOs in Canada are accusing the prime minister of ignoring the needs of the innovation economy and being slow to enact data and intellectual property policies. THE CANADIAN PRESS/Adrian Wyld
Cenovus CEO Alex Pourbaix speaks at a news conference in Calgary on January 30, 2020. THE CANADIAN PRESS/Jeff McIntosh

Cenovus to buy Husky Energy for $3.8 billion in shares, CEO will be Alex Pourbaix

Cenovus to buy Husky Energy for $3.8 billion in shares, CEO will be Alex Pourbaix

Cenovus CEO Alex Pourbaix speaks at a news conference in Calgary on January 30, 2020. THE CANADIAN PRESS/Jeff McIntosh
North American stock markets plunge amid soaring COVID-19 infections

North American stock markets plunge amid soaring COVID-19 infections

North American stock markets plunge amid soaring COVID-19 infections

North American stock markets plunge amid soaring COVID-19 infections
A man walks past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo Monday, Oct. 26, 2020. Asian shares were little changed in muted trading Monday amid widespread uncertainty over what the U.S. presidential election will portend for markets and economic policy.(AP Photo/Eugene Hoshiko)

Worries over the virus’ resurgence weigh on global stocks

Oil prices dragged lower

  • Oct 26, 2020
A man walks past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo Monday, Oct. 26, 2020. Asian shares were little changed in muted trading Monday amid widespread uncertainty over what the U.S. presidential election will portend for markets and economic policy.(AP Photo/Eugene Hoshiko)
Cenovus CEO Alex Pourbaix makes an announcement at a news conference in Calgary, Alta., Thursday, Jan. 30, 2020. The Calgary oilpatch is expected to take stock of a mega-merger between oilsands heavyweights Cenovus Energy Inc. and Husky Energy Inc. as stock markets open this morning. THE CANADIAN PRESS/Jeff McIntosh
Cenovus CEO Alex Pourbaix makes an announcement at a news conference in Calgary, Alta., Thursday, Jan. 30, 2020. The Calgary oilpatch is expected to take stock of a mega-merger between oilsands heavyweights Cenovus Energy Inc. and Husky Energy Inc. as stock markets open this morning. THE CANADIAN PRESS/Jeff McIntosh
President Donald Trump, left, and Democratic presidential candidate former Vice President Joe Biden during the second and final presidential debate Thursday, Oct. 22, 2020, at Belmont University in Nashville, Tenn. Stock market investors are breathing a little easier despite potentially facing higher taxes as the possibility of a contested U.S. presidential election appears to be fading, say investment experts. THE CANADIAN PRESS/AP, Patrick Semansky

Markets concerns about contested U.S. election fading with Biden lead in polls

TORONTO — Stock market investors are breathing a little easier despite potentially…

President Donald Trump, left, and Democratic presidential candidate former Vice President Joe Biden during the second and final presidential debate Thursday, Oct. 22, 2020, at Belmont University in Nashville, Tenn. Stock market investors are breathing a little easier despite potentially facing higher taxes as the possibility of a contested U.S. presidential election appears to be fading, say investment experts. THE CANADIAN PRESS/AP, Patrick Semansky
The Cogeco logo is seen in Montreal on Thursday, October 22, 2020. THE CANADIAN PRESS/Paul Chiasson

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…

The Cogeco logo is seen in Montreal on Thursday, October 22, 2020. THE CANADIAN PRESS/Paul Chiasson
Cenovus. (The Canadian Press)

Cenovus to buy Husky Energy in deal valued at $23.6B, company will remain in Alberta

CALGARY — Cenovus Energy Inc. is buying Husky Energy Inc. in an…

Cenovus. (The Canadian Press)
Pumpjacks pump crude oil near Halkirk, Alta., June 20, 2007. Alberta's UCP government says it will end in December monthly oil curtailment quotas introduced by the previous NDP government at the beginning of 2019 to support oil prices by aligning surging output with static pipeline capacity.THE CANADIAN PRESS/Larry MacDougal

Alberta to stop limits on oil production in December after nearly two years

Alberta to stop limits on oil production in December after nearly two years

Pumpjacks pump crude oil near Halkirk, Alta., June 20, 2007. Alberta's UCP government says it will end in December monthly oil curtailment quotas introduced by the previous NDP government at the beginning of 2019 to support oil prices by aligning surging output with static pipeline capacity.THE CANADIAN PRESS/Larry MacDougal
The TMX broadcast centre is shown in Toronto on May 9, 2014. THE CANADIAN PRESS/Darren Calabrese

North American stock markets end another flat week ahead of U.S. election

North American stock markets end another flat week ahead of U.S. election

The TMX broadcast centre is shown in Toronto on May 9, 2014. THE CANADIAN PRESS/Darren Calabrese
A Le Chateau retail store is shown in Montreal on Wednesday July 13, 2016. Le Chateau Inc. says it is seeking court protection from creditors under the Companies' Creditors Arrangement Act to allow it to liquidate its assets and wind down its operations.THE CANADIAN PRESS/Ryan Remiorz

Clothing retailer Le Chateau obtains CCAA protection, plans to close its doors

Clothing retailer Le Chateau obtains CCAA protection, plans to close its doors

A Le Chateau retail store is shown in Montreal on Wednesday July 13, 2016. Le Chateau Inc. says it is seeking court protection from creditors under the Companies' Creditors Arrangement Act to allow it to liquidate its assets and wind down its operations.THE CANADIAN PRESS/Ryan Remiorz
A Le Chateau retail store is shown in Montreal on Wednesday July 13, 2016. Le Chateau Inc. says it is seeking court protection from creditors under the Companies’ Creditors Arrangement Act to allow it to liquidate its assets and wind down its operations.THE CANADIAN PRESS/Ryan Remiorz
A Le Chateau retail store is shown in Montreal on Wednesday July 13, 2016. Le Chateau Inc. says it is seeking court protection from creditors under the Companies’ Creditors Arrangement Act to allow it to liquidate its assets and wind down its operations.THE CANADIAN PRESS/Ryan Remiorz
FILE - In this Tuesday, Aug. 4, 2020, file photo, signage is pictured at a Walmart store in Oklahoma City. On Thursday, Oct. 22, 2020, Walmart filed a lawsuit against the U.S. government in a pre-emptive strike in the battle over its responsibility in the opioid abuse crisis. (AP Photo/Sue Ogrocki, File)

Walmart sues US in pre-emptive strike in opioid abuse battle

U.S. government is expected to take civil action against the world’s largest retailer

  • Oct 23, 2020
FILE - In this Tuesday, Aug. 4, 2020, file photo, signage is pictured at a Walmart store in Oklahoma City. On Thursday, Oct. 22, 2020, Walmart filed a lawsuit against the U.S. government in a pre-emptive strike in the battle over its responsibility in the opioid abuse crisis. (AP Photo/Sue Ogrocki, File)
Rogers Communications CEO Joe Natale speaks to shareholders during the Rogers annual general meeting in Toronto on Friday, April 20, 2018.  THE CANADIAN PRESS/Nathan Denette

Rogers says its progress in Q3 shows it’s on right track in tough environment

Rogers says its progress in Q3 shows it’s on right track in tough environment

Rogers Communications CEO Joe Natale speaks to shareholders during the Rogers annual general meeting in Toronto on Friday, April 20, 2018.  THE CANADIAN PRESS/Nathan Denette
Workers attend a training session to lay down drill pipe on a rig floor at Precision Drilling in Nisku, Alta., on Friday, January 20, 2016. THE CANADIAN PRESS/Jason Franson

Precision Drilling shares rise despite $28.5M loss, 56 per cent slide in revenue

Precision Drilling shares rise despite $28.5M loss, 56 per cent slide in revenue

Workers attend a training session to lay down drill pipe on a rig floor at Precision Drilling in Nisku, Alta., on Friday, January 20, 2016. THE CANADIAN PRESS/Jason Franson
In this Dec. 6, 2012, file photo, minks look out of a cage at a fur farm in the village of Litusovo, northeast of Minsk, Belarus. Some mink farmers are concerned about COVID-19 spread through their mink. There have been outbreaks in mink farms in Europe and millions of mink had to be culled. THE CANADIAN PRESS/AP/Sergei Grits

Canada’s mink breeders increasing security to protect animals and industry from COVID

Canada’s mink breeders increasing security to protect animals and industry from COVID

In this Dec. 6, 2012, file photo, minks look out of a cage at a fur farm in the village of Litusovo, northeast of Minsk, Belarus. Some mink farmers are concerned about COVID-19 spread through their mink. There have been outbreaks in mink farms in Europe and millions of mink had to be culled. THE CANADIAN PRESS/AP/Sergei Grits