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The Telegram
The Caisse CEO says it will remain 'a rock' for SNC-Lavalin despite wave of woes
MONTREAL — Despite a turbulent short-term horizon, Quebec's Caisse de depot does not intend to dump SNC-Lavalin Group Inc. amidst the ongoing firestorm. The Caisse — the province's pension fund manager and SNC-Lavalin's largest shareholder with ...
HBC to shutter Home Outfitters brand and likely some Saks Off Fifth locations
TORONTO — Hudson's Bay Co. is shuttering its Home Outfitters business and eyeing the closures of 20 of its Saks Off Fifth locations, in a bid to increase profitability. The Toronto-based company behind a handful of big-box and ...
'We didn't like it at all': CP Rail CEO objects to oil production curtailments
The head of Canadian Pacific Railway Ltd. has voiced his discomfort at the idea of Alberta Premier Rachel Notley's recent production curtailments, designed to draw down a glut of trapped crude oil and decrease the differential between ...
Huawei to continue to work with consumers even if 5G banned in Canada: chairman
TORONTO — Huawei Technologies Inc. is adamant that it won't abandon Canadian consumers, telecommunications companies and universities, even if the country's government bans its 5G technology. Speaking through a translator at a media roundtable ...
GM Canada takes Unifor to labour board over allegations of unlawful striking
OSHAWA, Ont. — General Motors Canada and Unifor are squaring off before the Ontario Labour Relations Board about whether union workers have engaged in illegal strikes as part of a campaign to stop the closure of GM's ...
Upward path for interest rates 'highly uncertain': Bank of Canada governor
OTTAWA — The country's road to higher interest rates is "highly uncertain" as the Bank of Canada monitors evolving unknowns related to indebted Canadians, stricter mortgage rules, business investment and global trade, governor ...
Crude-by-rail shipments set new record in December despite lower price discounts
CALGARY — The National Energy Board says crude-by-rail exports from Canada reached a record high in December. Canada exported nearly 354,000 barrels per day of oil, up seven per cent from November's total of 330,400 bpd and the 152,000 bpd ...
Hudbay Minerals shares up following earnings, plans growth at Lalor mine
TORONTO — Hudbay Minerals Inc. shares were up nearly six per cent in late-morning trading following its fourth-quarter results and a plan to increase gold production at a Manitoba gold mine. The company, which reports in U.S. dollars, lost ...
Major North American indices rise after Fed releases meeting notes
Major North American indices advanced Wednesday on the affirmation that policy-makers would take a patient approach to future interest rate hikes. The Federal Reserve released minutes from its two-day late January federal open market committee ...
CRTC chair: Inquiry into telecom sales practices wasn't about 'naming and shaming'
The Canadian Television-radio and Telecommunications Commission confirmed Wednesday what has been widely alleged for years — the industry uses unacceptable sales practices that mislead consumers and ...