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

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

CALGARY — 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.
Pipeline builder fined thousands over erosion and sediment control on B.C. project

Pipeline builder fined thousands over erosion and sediment control on B.C. project

VICTORIA — Coastal GasLink Pipeline Ltd. has been fined more than $170,000 after inspectors found what the British Columbia government says were repeated issues of erosion and sediment control.
Competition Bureau seeks to block Rogers-Shaw deal, citing affordability and choice

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

TORONTO — The Competition Bureau has filed an application to block Rogers Communications Inc.'s purchase of Shaw Communications Inc.
Ritchie Bros. reports revenues up, supply still a challenge

Ritchie Bros. reports revenues up, supply still a challenge

VANCOUVER — Ritchie Bros. Auctioneers Inc. says its revenues rose in the first quarter compared with a year ago even though the company is struggling to secure used equipment to sell. The Vancouver-based auctioneer, which reports in U.S.
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 Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,999.69, down 633.59 points.) Enbridge Inc. (TSX:ENB). Energy. Down $2.02, or 3.5 per cent, to $56.45 on 25.6 million shares.
Ex-couple linked to Jared Fogle child porn case get prison

Ex-couple linked to Jared Fogle child porn case get prison

INDIANAPOLIS (AP) — A divorced Indiana couple who prosecutors say shared sexually explicit photos and videos of children with former Subway pitchman Jared Fogle were sentenced Monday to decades in prison.
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

TORONTO — Canada's main stock index closed down more than three per cent in a broad-based decline driven by falling commodity prices as investors continue to worry about the effects of rising rates.
Parkland Corp. to build renewable diesel plant at Burnaby refinery

Parkland Corp. to build renewable diesel plant at Burnaby refinery

CALGARY — Parkland Corp. says it plans to spend $600 million to increase renewable fuel production at its Burnaby refinery in British Columbia.
Surging gas prices compound inflation's toll on Canadians, hurt consumer sentiment

Surging gas prices compound inflation's toll on Canadians, hurt consumer sentiment

Gas prices in Canada are continuing to smash records, setting the stage for potentially lasting consequences on everything from the cost of goods to consumer behaviour. The price of a litre of gasoline jumped to an eye-watering $2.
Ensign Energy Services reports first-quarter revenue up more than 50%

Ensign Energy Services reports first-quarter revenue up more than 50%

CALGARY — Ensign Energy Services Inc. reported a profit in its latest quarter compared with a loss a year ago as its revenue grew more than 50 per cent. The Calgary-based company says it earned a profit attributable to common shareholders of $6.