Skip to content

National Business

West Fraser Q2 profits surge as revenues more than quadruple on Norbord acquisition

West Fraser Q2 profits surge as revenues more than quadruple on Norbord acquisition

VANCOUVER — West Fraser Timber Co. Ltd. says its profits surged in the second quarter as revenues more than quadrupled following the acquisition of Norbord. The Vancouver-based forestry company says it earned US$1.49 billion or $12.
Russian lab module docks with space station after 8-day trip

Russian lab module docks with space station after 8-day trip

MOSCOW (AP) — Russia’s long-delayed lab module successfully docked with the International Space Station on Thursday, eight days after it was launched from the Russian space launch facility in Baikonur, Kazakhstan.
Molson Coors posts largest revenue growth in a decade on higher volumes

Molson Coors posts largest revenue growth in a decade on higher volumes

MONTREAL — Molson Coors Beverage Co. beat expectations as its net income nearly doubled in its latest quarter on its best revenue growth in more than a decade. The Colorado and Montreal-based company says it earned US$388.6 million or $1.
US jobless claims down 24,000 to 400,000 as economy recovers

US jobless claims down 24,000 to 400,000 as economy recovers

WASHINGTON (AP) — The number of Americans collecting unemployment benefits slid last week, another sign that the job market continues to recover rapidly from the coronavirus recession.
TC Energy Q2 earnings slip to $982 million but comparable profits up 21 per cent

TC Energy Q2 earnings slip to $982 million but comparable profits up 21 per cent

CALGARY — TC Energy Corp. is reporting lower net profits in its latest quarter as it continued to feel some effects from a large impairment charge that will be shared with the Alberta government on its cancelled Keystone XL export oil pipeline.
Cenovus swings to $224-million profit in Q2 on improved conditions, Husky takeover

Cenovus swings to $224-million profit in Q2 on improved conditions, Husky takeover

CALGARY — Cenovus Energy Inc. swung to a $224-million net profit in its latest quarter on a large recovery in sales due to improved market conditions since the onset of the COVID-19 pandemic and its takeover of rival Husky Energy Inc.
Spanish judge recommends Shakira face tax fraud trial

Spanish judge recommends Shakira face tax fraud trial

BARCELONA, Spain (AP) — A Spanish judge investigating alleged tax fraud by Colombian musician Shakira recommended on Thursday that the case go to trial after concluding there is evidence that the pop star could have avoided her fiscal obligations to
Ron Popeil was the sizzle of American ingenuity, personified

Ron Popeil was the sizzle of American ingenuity, personified

Come, young ones: Gather around the glow of the smartphone's screen for a tale of a distant time when we watched TV on big boxy machines, and switched channels when we were bored.
Infrastructure deal: Senate suddenly acts to take up bill

Infrastructure deal: Senate suddenly acts to take up bill

WASHINGTON (AP) — The Senate voted Wednesday night to begin work on a nearly $1 trillion national infrastructure plan, acting with sudden speed after weeks of fits and starts once the White House and a bipartisan group of senators agreed on major pro
CP Rail says ruling on CN-KCS merger expected soon; CP not giving up on its own bid

CP Rail says ruling on CN-KCS merger expected soon; CP not giving up on its own bid

CALGARY — With a U.S. regulator set to rule soon on Canadian National Railway Co.'s proposed merger with Kansas City Southern, rival Canadian Pacific Railway Ltd. says it stands "ready to re-engage" with KCS if CN's $33.