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CWB Financial reports Q2 profit up 40% from year ago, tops expectations

CWB Financial reports Q2 profit up 40% from year ago, tops expectations

EDMONTON — CWB Financial Group topped expectations as it reported its second-quarter profit rose 40 per cent compared with a year ago.
Supreme Court refuses to hear Wilks appeal of ruling on Calfrac recapitalization

Supreme Court refuses to hear Wilks appeal of ruling on Calfrac recapitalization

CALGARY — Calfrac Well Services Ltd. has won its legal battle with a Texas rival that mounted an unsuccessful takeover attempt after the Supreme Court of Canada declined to hear an appeal.
CRTC backtracks on wholesale internet rates, reverts to 2016 levels

CRTC backtracks on wholesale internet rates, reverts to 2016 levels

TORONTO — In a victory for large internet and phone companies, Canada's telecommunications regulator has reversed a 2019 decision to drop wholesale internet rates.
Pandemic's uneven effects make 2030 goal of attainable housing harder, CMHC head says

Pandemic's uneven effects make 2030 goal of attainable housing harder, CMHC head says

OTTAWA — The new CEO and president of the Canada Mortgage and Housing Corp. says she believes achieving the organization's goal of facilitating attainable housing for all Canadians by 2030 will be more difficult because of the pandemic.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,774.41, up 28.94 points.) Ivanhoe Mines Ltd. (TSX:IVN). Materials. Up 10 cents, or 1.09 per cent, to $9.28 on 42.8 million shares.
S&P/TSX composite moves up on energy gains as crude hits 2 1/2 year high

S&P/TSX composite moves up on energy gains as crude hits 2 1/2 year high

TORONTO — Canada's main stock index inched closer to the historic 20,000-point mark on gains from the energy sector as crude prices rose to a two-and-a-half-year high. The S&P/TSX composite index closed up 28.94 points to 19,774.
Food industry groups come together to develop 'breakthrough' code of practice

Food industry groups come together to develop 'breakthrough' code of practice

OTTAWA — A group of associations representing food producers and retailers has agreed to work together to develop a food industry code of practice, a collaboration one industry insider is calling a "breakthrough" for ensuring a reliable and affordabl
Banks face questions about deploying cash as they ease up on reserve-building

Banks face questions about deploying cash as they ease up on reserve-building

TORONTO — After a year of building up reserves to protect themselves from customers who may default on loans, banks are starting to consider how they might deploy their cash when the COVID-19 pandemic subsides.
Mortgage refinancing starting to cool from pandemic highs: TD Bank

Mortgage refinancing starting to cool from pandemic highs: TD Bank

TORONTO — The COVID-19 pandemic caused a flurry of consumers to refinance their mortgages as new, low interest rates were offered, but TD Bank Group is seeing signs that the trend is easing up.
Goldboro LNG builder Pieridae proposes carbon capture and power project in Alberta

Goldboro LNG builder Pieridae proposes carbon capture and power project in Alberta

CALGARY — The company behind a proposed liquefied natural gas export facility in Nova Scotia is planning a power plant and carbon capture facility at its central Alberta natural gas processing plant that will help offset its LNG project's future carb