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Saputo Inc. sees earnings double in third quarter amid higher prices

Saputo Inc. sees earnings double in third quarter amid higher prices

MONTREAL — Saputo Inc. says its earnings for the latest quarter were $179 million, more than double its $86 million a year earlier as the company says it expects its earnings for the full fiscal year to make a meaningful recovery.
Scotiabank says royalty credits for well cleanup would damage industry's reputation

Scotiabank says royalty credits for well cleanup would damage industry's reputation

CALGARY — Scotiabank is warning that the Alberta government's plan to give oil companies a royalty credit for cleaning up their old wells could damage the reputation of Canada's oil and gas industry.
Cannabis company Canopy Growth to lay off 800, close and consolidate some facilities

Cannabis company Canopy Growth to lay off 800, close and consolidate some facilities

Canopy Growth Corp. will lay off 800 workers as part of a transformation plan that will see the company close a former Hershey chocolate plant it tookover and consolidate some of its cultivation operations. The Smiths Falls, Ont.
Stocks fall after Wall Street's morning rally evaporates

Stocks fall after Wall Street's morning rally evaporates

NEW YORK (AP) — Stocks closed lower following another mixed batch of profit reports from companies, as rising yields in the bond market raise the pressure on Wall Street. The S&P 500 fell 0.
Canada strikes sanguine, wait-and-see approach on Biden's latest Buy American gambit

Canada strikes sanguine, wait-and-see approach on Biden's latest Buy American gambit

WASHINGTON — Construction industry advocates, business leaders and suppliers in Canada are taking a cautious, almost sanguine approach to U.S.
Precision Drilling reports $3.5M Q4 profit, revenue up more than 70 per cent

Precision Drilling reports $3.5M Q4 profit, revenue up more than 70 per cent

CALGARY — Precision Drilling Corp. saw its fourth-quarter revenue increase by 73 per cent year-over-year, as North American oil and gas drilling activity continues to pick up.
Telus sees earnings, revenue gains ahead as it pulls back on spending

Telus sees earnings, revenue gains ahead as it pulls back on spending

VANCOUVER — Telus Corp.
Canadian Pacific Railway reaches deal with workers represented by Steelworkers

Canadian Pacific Railway reaches deal with workers represented by Steelworkers

CALGARY — Canadian Pacific Railway Ltd. says it has reached a tentative agreement with the union representing about 550 administrative support and intermodal employees in Canada.
Bombardier reports US$241M fourth-quarter profit, revenue up from year ago

Bombardier reports US$241M fourth-quarter profit, revenue up from year ago

MONTREAL — Bombardier’s top priorities include paying down debt, growing its services business and reducing emissions, said CEO Eric Martel after the company reported fourth-quarter profits of US$241 million, up from US$238 million in the same quarte
CPP Investments earned 1.9 per cent net return for third quarter

CPP Investments earned 1.9 per cent net return for third quarter

TORONTO — The Canada Pension Plan Investment Board says it earned a net return of 1.9 per cent for its third quarter.