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Cenovus to sell Tucker oilsands project for $800M; buyer not yet disclosed

Cenovus to sell Tucker oilsands project for $800M; buyer not yet disclosed

CALGARY — Cenovus Energy Inc. says it has reached a deal to sell its Tucker thermal oilsands project in northeast Alberta for $800 million. The Calgary-based company did not immediately disclose the name of the buyer.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,739.78, down 29.38 points.) Manulife Financial Corp. (TSX:MFC). Financials. Down 36 cents, or 1.5 per cent, to $23.54 on 9.
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S&P/TSX composite outperforms most U.S. markets but falls a day after Fed moves

S&P/TSX composite outperforms most U.S. markets but falls a day after Fed moves

TORONTO — The makeup of Canada's main stock index helped it to outpace most U.S. counterparts Thursday, even as North American markets gave up some gains following the U.S. Federal Reserve plan to attack inflation.
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Prosecution casts Elizabeth Holmes as a brazen con artist

Prosecution casts Elizabeth Holmes as a brazen con artist

SAN JOSE, Calif. (AP) — A federal prosecutor on Thursday described Theranos CEO Elizabeth Holmes as a shameless fraudster who duped investors and patents while concealing dangerous defects in her startup's blood-testing technology.
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Travel industry pressed regulator on flight refunds in early days of pandemic: emails

Travel industry pressed regulator on flight refunds in early days of pandemic: emails

The relationship between Canada's airline watchdog and the travel industry is under scrutiny after the release of emails from the early days of the COVID-19 pandemic in which industry executives pressed regulators to back their position against issui
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Feds name housing priorities, eye foreign buyers ban on non-recreational residences

Feds name housing priorities, eye foreign buyers ban on non-recreational residences

Justin Trudeau has handed his housing minister a series of tasks — including some targeting foreign buyers — in an attempt to make home ownership a reality for more Canadians.
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Congress approves import ban targeting forced labor in China

Congress approves import ban targeting forced labor in China

WASHINGTON (AP) — Senators gave final congressional approval Thursday to a bill barring imports from China’s Xinjiang region unless businesses can prove they were produced without forced labor, overcoming initial hesitation from the White House and w
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Legal cannabis sales overtake illicit market for first time in Ontario: OCS

Legal cannabis sales overtake illicit market for first time in Ontario: OCS

TORONTO — New data shows sales made through Ontario’s legal cannabis channels have overtaken those made through the illicit market for the first time ever. The Ontario Cannabis Store said in its second-quarter report released this week that 54.
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Desjardins settles 2019 data breach class-action lawsuit for up to nearly $201M

Desjardins settles 2019 data breach class-action lawsuit for up to nearly $201M

MONTREAL — Financial services firm Desjardins Group will pay up to nearly $201 million to settle a class-action lawsuit related to a data breach in 2019 that affected nearly 9.7 million Canadians.
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Resolute Forest Products indefinitely idling pulp and paper operations at U.S. mill

Resolute Forest Products indefinitely idling pulp and paper operations at U.S. mill

MONTREAL — Resolute Forest Products Inc. is indefinitely idling its pulp and paper operations at its mill in Calhoun, Tenn., affecting 350 employees.
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