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Imperial Oil CEO says feds' approach to emissions getting 'very aggressive'

Imperial Oil CEO says feds' approach to emissions getting 'very aggressive'

CALGARY — Imperial Oil Ltd. CEO Brad Corson said Friday the federal government's strategy to reduce emissions and reach net-zero amounts to overreach from Ottawa.
Auto parts maker Magna posts Q2 loss on China lockdowns, supply chain issues

Auto parts maker Magna posts Q2 loss on China lockdowns, supply chain issues

TORONTO — Magna International Inc. said Friday that COVID-19 lockdowns in China and a stronger U.S. dollar relative to other currencies, particularly the euro, negatively impacted the company's second-quarter results.

'We grew our headcount too quickly': Michele Romanow’s Clearco lays off 25% of staff

Michele Romanow’s startup Clearco is laying off 25 per cent of its workforce and says it is considering “strategic options” for its international operations.
TFI cruises to healthy earnings despite driver shortage, high fuel costs

TFI cruises to healthy earnings despite driver shortage, high fuel costs

MONTREAL — TFI International is reporting a major earnings boost in its latest quarter, with revenues up by nearly a third and adjusted profits rising more than three-quarters.
Inflation and wage data suggest US prices will keep climbing

Inflation and wage data suggest US prices will keep climbing

WASHINGTON (AP) — Inflation surged in June and workers' average wages accelerated in the spring — signs that Americans won't likely feel any relief from rising prices anytime soon and that the Federal Reserve will feel compelled to further raise borr
Ottawa posts surplus of $5.3B for first two months of 2022-23 fiscal year

Ottawa posts surplus of $5.3B for first two months of 2022-23 fiscal year

OTTAWA — The federal government posted a surplus of $5.3 billion for the first two months of the 2022-23 fiscal year. In its monthly fiscal monitor report, the Finance Department says the tally compared with a deficit of $23.
Zelenskyy visits port as Ukraine prepares to ship out grain

Zelenskyy visits port as Ukraine prepares to ship out grain

ODESA, Ukraine (AP) — Ukrainian President Volodymyr Zelenskyy visited a Black Sea port Friday as crews prepared terminals to export grain trapped by Russia’s five-month-old war , work that was inching forward a week after a deal was struck to allow c
Inflation hits record 8.9% in euro area, but economy grows

Inflation hits record 8.9% in euro area, but economy grows

LONDON (AP) — Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia's war in Ukraine , but the economy managed better-than-expected, if meager, growth in the sec
US reaches deal with Moderna for omicron COVID-19 vaccine

US reaches deal with Moderna for omicron COVID-19 vaccine

WASHINGTON (AP) — The Biden administration said Friday it has reached an agreement with Moderna to buy 66 million doses of the company's next generation of COVID-19 vaccine that targets the highly transmissible omicron variant , enough supply this wi
Yamana Gold sees profit jump in Q2, says it will achieve its guidance for the year

Yamana Gold sees profit jump in Q2, says it will achieve its guidance for the year

TORONTO — Yamana Gold Inc. reported net earnings attributable to Yamana equity holders of US$72.1 million in its latest quarter, a big jump from the year before.