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Crescent Point continues to grow production in Kaybob Duvernay

Crescent Point continues to grow production in Kaybob Duvernay

CALGARY — Crescent Point Energy Corp. says its $900-million acquisition of Shell Canada's Kaybob Duvernay assets in 2021 has performed so well that the assets will have paid for themselves by the end of the first quarter of 2023.
PBO forecasts economy to grow 1% this year, expects Bank of Canada to hold rates

PBO forecasts economy to grow 1% this year, expects Bank of Canada to hold rates

OTTAWA — The Parliamentary Budget Office has trimmed its forecast for economic growth this year. The PBO's latest economic and fiscal outlook predicts the economy will grow by 1.0 per cent this year followed by 1.6 per cent in 2024.
Canadian Natural Resources' Q4 profit down from year ago; extreme cold affects output

Canadian Natural Resources' Q4 profit down from year ago; extreme cold affects output

CALGARY — Canadian Natural Resources Ltd.'s profits took a hit in the fourth quarter of 2022 as extreme winter weather forced the oilsands giant to reduce production. The Calgary-based company reported Thursday that it earned $1.52 billion or $1.
Industry urges Ottawa to expand trusted traveller program ahead of summer season

Industry urges Ottawa to expand trusted traveller program ahead of summer season

TORONTO — An industry coalition is calling on Ottawa to broaden its trusted traveller pilot program and roll it out across the country.
DesRosiers says February auto sales up 5.1 per cent from a year earlier

DesRosiers says February auto sales up 5.1 per cent from a year earlier

TORONTO — DesRosiers Automotive Consultants Inc. says light vehicle sales in Canada were up 5.1 per cent in Februrary from a year earlier. The automotive industry research firm estimates 103,771 new light vehicles were sold in the month.
Greater Vancouver home sales up 77% from Jan., down 47% from last year: board

Greater Vancouver home sales up 77% from Jan., down 47% from last year: board

VANCOUVER — The Real Estate Board of Greater Vancouver says February's home sales were up 76.9 per cent from January, but down 47.2 per cent from the year before.
CWB Financial reports first-quarter profit up from year ago

CWB Financial reports first-quarter profit up from year ago

EDMONTON — CWB Financial Group reported its first-quarter profit rose compared with a year ago, helped by a reversal of a previously recognized impaired loan writeoff.
Review your rights before signing paperwork during a layoff: employment lawyers

Review your rights before signing paperwork during a layoff: employment lawyers

TORONTO — You've just made it into the office, when your boss brings you into a meeting room, where you find someone from human resources about to deliver you bad news: your company is carrying out layoffs and you're on the list.
Applications for jobless claims fall for 3rd straight week

Applications for jobless claims fall for 3rd straight week

The number of people applying for unemployment benefits in the U.S. fell for third straight week.
Europe inflation eases slightly but consumer pain persists

Europe inflation eases slightly but consumer pain persists

FRANKFURT, Germany (AP) — Inflation eased only slightly in the 20 countries that use the euro currency as the pain from higher costs for food and fuel persists and gives the European Central Bank no reason to slow interest rate increases aimed at get