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Suncor says end of Alberta oil quotas a "positive signal" as it reports $302M loss

Suncor says end of Alberta oil quotas a "positive signal" as it reports $302M loss

CALGARY — The Alberta government's decision to end its oil production curtailment program in December after almost two years is "a very positive signal" for oilsands and refining giant Suncor Energy Inc., CEO Mark Little said Thursday.
One-time costs of Husky takeover expected to be about $500 million, says Cenovus CEO

One-time costs of Husky takeover expected to be about $500 million, says Cenovus CEO

CALGARY — The one-time costs of merging with Husky Energy Inc. are expected to total about $500 million, including severance, says the CEO of Cenovus Energy Inc., adding the expense is worth it given the expected savings of about $1.
U.S. OKs extradition of 2 nabbed in ex-Nissan boss' escape

U.S. OKs extradition of 2 nabbed in ex-Nissan boss' escape

BOSTON — The U.S. State Department has agreed to turn over to Japan two American men accused of smuggling former Nissan Motor Co.
Beyond beer: Molson Coors sales dip but brewer remains focused on future growth

Beyond beer: Molson Coors sales dip but brewer remains focused on future growth

MONTREAL — Molson Coors Beverage Co. recorded a lacklustre third-quarter as ongoing COVID-19 restrictions and packaging material constraints curbed the brewing giant's sales. The Montreal-based company, which reports in U.S.
'Bleak' drilling forecast calls for even fewer Canadian oil and gas wells in 2021

'Bleak' drilling forecast calls for even fewer Canadian oil and gas wells in 2021

CALGARY — The Petroleum Services Association of Canada says it expects another "bleak" year for Canadian oil and gas drilling in 2021.
46 cases of COVID-19 linked to wedding events in Vaughan, Ont., health officials say

46 cases of COVID-19 linked to wedding events in Vaughan, Ont., health officials say

VAUGHAN, Ont. — Health officials north of Toronto say 46 cases of COVID-19 have now been linked to a large wedding. York Region Public Health says the wedding took place at an event centre in Vaughan, Ont.
Shell shareholders get reward as oil giant returns to profit

Shell shareholders get reward as oil giant returns to profit

LONDON — Royal Dutch Shell increased its dividend payout to shareholders following a better-than-expected third quarter of the year, months after cutting it for the first time since World War II.
Nokia profit up, new CEO pledges to boost 5G investments

Nokia profit up, new CEO pledges to boost 5G investments

HELSINKI — Finnish telecommunications company Nokia on Thursday reported improved third-quarter earnings largely in line with expectations, but acknowledged it faced challenges in the race for 5G cellular networks.

Airbus reports new pandemic losses, but stops bleeding cash

PARIS — Struggling plane maker Airbus says new European virus lockdown measures are making its life “a bit more difficult,” as it announced 1 billion euros ($1.
Largest luxury deal back on, Tiffany agrees to lower price

Largest luxury deal back on, Tiffany agrees to lower price

NEW YORK — The largest deal in luxury is back on after New York's famed jeweler Tiffany agreed to a slightly reduced offering price from LVMH in Paris. LVMH will now pay $131.50 for each Tiffany share putting the total price tag at $15.