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N.L.'s troubled Terra Nova offshore oilfield saved by last-minute restructuring

N.L.'s troubled Terra Nova offshore oilfield saved by last-minute restructuring

CALGARY — The beleaguered Terra Nova oilfield off the coast of Newfoundland and Labrador could live to pump another day after its owners reached a restructuring agreement in the eleventh hour Wednesday.
Fed sees earlier time frame for rate hikes with inflation up

Fed sees earlier time frame for rate hikes with inflation up

WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back the low-interest-rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided wit

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,230.96, down 0.36 of a point.) Canadian Natural Resources (TSX:CNQ). Energy. Down 79 cents, or 1.71 per cent, to $45.41 on 15.
Jared Kushner has book deal, publication expected in 2022

Jared Kushner has book deal, publication expected in 2022

NEW YORK (AP) — Jared Kushner, the son-in-law of former President Donald Trump and one of his top advisers during his administration, has a book deal.
TSX outperforms U.S. markets on recovery outlook from Fed despite rate hikes in 2023

TSX outperforms U.S. markets on recovery outlook from Fed despite rate hikes in 2023

TORONTO — North American stock markets swung lower midweek after the Federal Reserve revised its inflation outlook upwards and moved forward the timing of planned interest rate hikes. The U.S.
Viavi Solution makes takeover offer for Exfo, but founder Germain Lamonde says no

Viavi Solution makes takeover offer for Exfo, but founder Germain Lamonde says no

QUEBEC — Viavi Solutions Inc. says it has made a takeover offer for Quebec-based Exfo Inc. that values the maker of test, monitoring and analytics equipment for the communications industry at US$430 million.
Canadian hotel occupancy to hit 38%, average daily rate will reach $131 in 2021: CBRE

Canadian hotel occupancy to hit 38%, average daily rate will reach $131 in 2021: CBRE

TORONTO — CBRE says it expects Canadian hotels will recover only slightly from the COVID-19 pandemic this year as travel restrictions linger.
Transat plans flights to nearly 50 destinations this winter as travel set to resume

Transat plans flights to nearly 50 destinations this winter as travel set to resume

MONTREAL — Air Transat plans to offer flights to nearly 50 cities this winter as Canadians look to resume travelling after the industry came to standstill during the pandemic.
COVID-19 cases delay long-awaited Royal Caribbean cruise

COVID-19 cases delay long-awaited Royal Caribbean cruise

MIAMI (AP) — Royal Caribbean International is postponing for nearly a month one of the highly anticipated first sailings from the U.S. since the pandemic began because eight crew members tested positive for COVID-19, the company's CEO said.
The Latest: Biden stresses human rights in talks with Putin

The Latest: Biden stresses human rights in talks with Putin

GENEVA — President Joe Biden says he stressed human rights issues in his meeting with Russian President Vladimir Putin. That includes the cases of two Americans who Biden says are “wrongfully imprisoned” in Russia.