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Suncor to cut 1,500 jobs by end of year, employees informed Thursday

Suncor to cut 1,500 jobs by end of year, employees informed Thursday

CALGARY — Suncor Energy Inc. will cut 1,500 jobs by the end of the year, as new CEO Rich Kruger forges ahead with his mandate to reduce costs and improve the company's lagging financial performance.
Air Canada technical issue stabilizing, but airline says to expect more flight delays

Air Canada technical issue stabilizing, but airline says to expect more flight delays

Air Canada says its communicator system has begun to stabilize after experiencing technical problems on Thursday morning, but travellers are still expected to face delays and cancellations before it is back fully up and running.
Lululemon sees revenue, income rise in first quarter with strong international growth

Lululemon sees revenue, income rise in first quarter with strong international growth

VANCOUVER — Lululemon Athletica Inc. reported net income of US$290.4 million for the first quarter of 2023, up almost 53 per centfrom US$190.0 million a year earlier. The Vancouver-based company, which reports in U.S.
Globe and Mail CEO Phillip Crawley to retire, Andrew Saunders named as successor

Globe and Mail CEO Phillip Crawley to retire, Andrew Saunders named as successor

TORONTO — The Globe and Mail announced Thursday that longtime CEO Phillip Crawley is retiring later this year after 25 years at the helm of the newspaper.
Most actively traded companies on the Toronto Stock Exchange

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 (19,672.25, up 100.01): Suncor Energy Inc. (TSX:SU). Energy. Up 51 cents, or 1.34 per cent, to $38.54 on 11.7 million shares.
S&P/TSX composite gains 100 points on energy and base metals; U.S. markets also rise

S&P/TSX composite gains 100 points on energy and base metals; U.S. markets also rise

TORONTO — Canada's main stock index gained a hundred points Thursday led by strength in the energy and base metals sectors, while U.S. stock markets also climbed higher. The S&P/TSX composite index closed up 100.01 points at 19,672.
Stock market today: Wall Street rises with hopes for pause to rate hikes

Stock market today: Wall Street rises with hopes for pause to rate hikes

NEW YORK (AP) — Wall Street closed higher on hopes that the Federal Reserve may soon take it easier on its hikes to interest rates, with the S&P 500 gaining 1% Thursday. Several reports painted a picture of a split U.S. economy.
Re/Max report forecasts commercial real estate upswing later this year

Re/Max report forecasts commercial real estate upswing later this year

A new report released by Re/Max Canada predicts some Canadian cities could see an upswing in demand for commercial real estate in the next six months.
Residents of collapsed Iowa building were allowed to stay as reports noted crumbling wall

Residents of collapsed Iowa building were allowed to stay as reports noted crumbling wall

DES MOINES, Iowa (AP) — A structural engineer’s report issued last week indicated a wall of a century-old apartment building in Iowa was at imminent risk of crumbling, yet neither the owner nor city officials warned residents of the danger days befor
Bill 96: Quebec public servants now required to make 'exemplary' use of French

Bill 96: Quebec public servants now required to make 'exemplary' use of French

MONTREAL — Quebec's language law reform is continuing to draw criticism and legal challenges from the province's English community as more of its provisions come into effect Thursday, exactly a year after it received royal assent.