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Oilsands giant Suncor Energy notes fourth-quarter loss on lower revenue, writedowns

Oilsands giant Suncor Energy notes fourth-quarter loss on lower revenue, writedowns

CALGARY — Canadian oilsands and refining giant Suncor Energy Inc. is reporting a fourth-quarter net loss of $168 million or 11 cents per share, compared with a net loss of $2.34 billion or $1.52 in the same period of 2019.
New program offers B.C. businesses grants to build or expand online stores

New program offers B.C. businesses grants to build or expand online stores

VICTORIA — The British Columbia government is introducing a new grant program to support small and medium-sized businesses in expanding or pivoting to online sales.
Revised Dorel privatization proposal gets thumbs down from advisory firm Glass Lewis

Revised Dorel privatization proposal gets thumbs down from advisory firm Glass Lewis

MONTREAL — Investor advisory firm Glass Lewis is recommending Dorel Industries Inc. shareholders vote against a revised proposal to take the company private. The advisory firm calls the amended proposal price pump to $16 per share from $14.

Stingray Q3 profit up 11 per cent despite COVID-related hit to radio revenues

MONTREAL — Stingray Group Inc. reported a third-quarter profit of $14.1 million, which grew from a profit of $8.1 million in the same quarter a year earlier.
GM announces temporary layoffs at CAMI plant amid worldwide chip shortage

GM announces temporary layoffs at CAMI plant amid worldwide chip shortage

General Motors said its CAMI plant in Ontario will be idle for a week as a worldwide shortage of computer chips plagues the auto industry. The measure affects all shifts next week in the plant in Ingersoll, Ont.
S&P/TSX composite edges higher as energy sector gets lift from rising crude prices

S&P/TSX composite edges higher as energy sector gets lift from rising crude prices

TORONTO — Canada's main stock index moved higher for a third-straight day as the energy sector got a lift from crude oil prices hitting their highest level in a year. The March crude oil contract was up 93 cents at US$55.
Amazon CEO Jeff Bezos may step down without stepping away

Amazon CEO Jeff Bezos may step down without stepping away

Even after stepping aside as CEO, Amazon founder Jeff Bezos will likely keep identifying new frontiers for the world's dominant e-commerce company. His successor, meanwhile, gets to deal with escalating efforts to curtail Amazon's power.
In biggest tech IPO in TSX history, Telus International bets on customer service

In biggest tech IPO in TSX history, Telus International bets on customer service

TORONTO — Telus Corp.'s digital consulting subsidiary is striking out on its own, hoping to gain recognition from investors as the realm of customer service is increasingly dominated by chat bots and social media management.
COVID ads have had varying effects, with some 'super cringeworthy': marketers

COVID ads have had varying effects, with some 'super cringeworthy': marketers

TORONTO — When former communications agency director Erin Bury considers ads she's seen from governments during the COVID-19 pandemic, a villainous character with an active social life is the first thing that pops into her mind. Mr.
Some New Brunswick businesses still without operational plan to deal with COVID-19

Some New Brunswick businesses still without operational plan to deal with COVID-19

FREDERICTON — Compliance officers are still catching businesses in New Brunswick with inadequate COVID-19 operational plans — or no plan at all, nearly a year after companies were required to create them.