Skip to content

National Business

Husky shares rise and MEG stock plunges after oilsands takeover offer withdrawn

Husky shares rise and MEG stock plunges after oilsands takeover offer withdrawn

CALGARY — Shares in MEG Energy Corp. plunged Thursday after Husky Energy Inc. abandoned its hostile takeover bid for the company.

Google to invest in solar farms in Tennessee, Alabama

NASHVILLE — Google plans to invest in Tennessee and Alabama solar farms under a deal with the Tennessee Valley Authority. Google announced Wednesday that it will buy 413 megawatts of output from 1.

Natural gas producer Peyto Exploration shares fall on dividend and spending cuts

CALGARY — Shares in Peyto Exploration and Development Corp. fell by as much as 15 per cent after it said it would cut its dividend and capital spending due to low natural gas prices in Western Canada.

Statistics Canada says release of trade data delayed due to U.S. shutdown

OTTAWA — Statistics Canada says it will not publish international merchandise trade statistics for December as scheduled on Feb. 5 due to the U.S. government shutdown. The agency says it uses U.S.
Ford Canada names Dean Stoneley as new president and chief executive

Ford Canada names Dean Stoneley as new president and chief executive

OAKVILLE, Ont. — Ford Motor Co. of Canada Ltd. has named Dean Stoneley as its next president and chief executive. Stoneley replaces Mark Buzzell, who is moving to be director of North American fleet, lease and remarketing operations at Ford Motor Co.
Petrochemical growth spurt expected despite rising desire for fewer plastics

Petrochemical growth spurt expected despite rising desire for fewer plastics

CALGARY — Canada's slow-growing petrochemical industry is headed for its biggest surge of expansion spending in five years in 2019, thanks in large part to incentive programs by federal and provincial governments.
Paying down debt should be priority for low income workers, say experts

Paying down debt should be priority for low income workers, say experts

TORONTO — Investment planning can often be seen as a luxury for the financially stable but advisers say that it's especially important for those who are starting out in their careers or are struggling with debt.
Number of federal workers seeking US jobless aid doubles

Number of federal workers seeking US jobless aid doubles

WASHINGTON — The number of furloughed federal employees seeking unemployment benefits jumped in the first two weeks of the shutdown, topping 10,000 during the week of Jan. 5.

Commuter's 'delay scarf' bought by German train company

BERLIN — Germany's biggest rail company, under fire for its unpunctual service, is trying to mollify one disgruntled commuter by buying her "delay scarf.
China says economy czar to visit Washington for trade talks

China says economy czar to visit Washington for trade talks

BEIJING — In a possible sign of progress toward ending a costly tariff war over Beijing's technology ambitions, the top U.S. and Chinese trade envoys will hold talks in Washington later this month.