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Major Drilling buys South American drilling contractor, boosting rig count

Major Drilling buys South American drilling contractor, boosting rig count

MONCTON, N.B. — Major Drilling Group International Inc. has signed a deal to buy South American specialty drilling contractor Explomin Perforaciones in a deal worth up to US$85 million.
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Electric and gas utility Fortis reports $420M Q3 profit, up from $394M a year ago

Electric and gas utility Fortis reports $420M Q3 profit, up from $394M a year ago

ST. JOHN'S, N.L. — Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year. The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept.
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Thomson Reuters reports Q3 profit down from year ago as revenue rises

Thomson Reuters reports Q3 profit down from year ago as revenue rises

TORONTO — Thomson Reuters reported its third-quarter profit fell compared with a year ago as its revenue rose eight per cent. The company, which keeps its books in U.S.
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UN refugee chief says reducing refugee targets is wise if it prevents backlash

UN refugee chief says reducing refugee targets is wise if it prevents backlash

OTTAWA — The head of the United Nations refugee agency says it is wise of Canada to scale back the number of new refugees it plans to resettle if that helps stabilize the housing market and prevents backlash against newcomers.
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Inflation is down, wages are up. Why are Canadians still frustrated with the economy?

Inflation is down, wages are up. Why are Canadians still frustrated with the economy?

OTTAWA — The federal finance minister has been taking every opportunity to remind frustrated Canadians that after a bumpy pandemic recovery, the nation's economy is actually doing a lot better. Inflation is now at 1.
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Boeing factory workers vote to accept contract and end more than 7-week strike

Boeing factory workers vote to accept contract and end more than 7-week strike

SEATTLE (AP) — Unionized machinists at Boeing voted Monday to accept a contract offer and end their strike after more than seven weeks, clearing the way for the aerospace giant to resume production of its bestselling airliner and generate much-needed
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Boeing factory workers vote to accept contract and end more than 7-week strike

Boeing factory workers vote to accept contract and end more than 7-week strike

SEATTLE (AP) — Unionized machinists at Boeing voted Monday to accept a contract offer and end their strike after more than seven weeks, clearing the way for the aerospace giant to resume production of its bestselling airliner and generate much-needed
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B.C. port employers launch lockout at terminals in labour dispute with workers

B.C. port employers launch lockout at terminals in labour dispute with workers

VANCOUVER — Employers have locked out more than 700 unionized workers in the latest development in a labour dispute that the union says will shut down all ports in British Columbia until further notice.
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Alberta government introduces legislation to enable halal mortgage options

Alberta government introduces legislation to enable halal mortgage options

EDMONTON — The Alberta government has introduced legislation that will, if passed, enable provincially regulated banks to offer halal home financing products.
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Sun Life Financial sees third-quarter earnings rise to $1.35 billion

Sun Life Financial sees third-quarter earnings rise to $1.35 billion

TORONTO — Sun Life Financial Inc. says it earned $1.35 billion in the third quarter. That's up from $871 million during the same quarter last year. The insurance company says diluted earnings per share were $2.33, up from $1.
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