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Canadian Natural president Tim McKay to retire, Scott Stauth to be promoted to role

Canadian Natural president Tim McKay to retire, Scott Stauth to be promoted to role

CALGARY — Canadian Natural Resources Ltd. president Tim McKay will retire next year after a five-year leadership stint that coincided with the Calgary-based company surpassing $100 billion in market value.
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Gildan Activewear reports lower earnings, rising sales in third quarter

Gildan Activewear reports lower earnings, rising sales in third quarter

MONTREAL — Gildan Activewear Inc. says it earned US$127.4 million in the third quarter, down 16.7 per cent from US$153 million a year earlier. The Montreal-based company says net sales rose 2.3 per cent to US$869.
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Nutrien optimistic on potash demand as earnings continue to take hit from volatility

Nutrien optimistic on potash demand as earnings continue to take hit from volatility

The unprecedented volatility in fertilizer markets that’s contributed to Nutrien Ltd.'s lower earnings so far this year is stabilizing, said chief executive Ken Seitz. "Much of that is behind us," said Seitz in an interview Thursday.
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Cogeco reports decline in profit despite record quarterly internet customer additions

Cogeco reports decline in profit despite record quarterly internet customer additions

MONTREAL — Cogeco Inc. reported a profit attributable to shareholders of $29.2 million in its fourth quarter, down 19.8 per cent from earnings of $36.4 million during the same period a year ago.
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Housing supply still outpacing demand in Vancouver market as sales increase

Housing supply still outpacing demand in Vancouver market as sales increase

VANCOUVER — The Real Estate Board of Greater Vancouver says the region continues to see an increase in newly listed properties, but sales still lag behind long-term trends. The board says October home sales totalled 1,996, a 3.
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October new vehicle sales up 20 per cent: DesRosiers

October new vehicle sales up 20 per cent: DesRosiers

TORONTO — DesRosiers Automotive Consultants Inc. says new vehicle sales defied affordability headwinds to rise an estimated 20 per cent in October compared with last year.
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TransAlta buying Heartland in deal worth $658 million including assumed debt

TransAlta buying Heartland in deal worth $658 million including assumed debt

CALGARY — TransAlta Corp. has signed a deal to buy Heartland Generation Ltd. and its power generation business in Alberta and B.C. in a deal valued at $658 million, including assumed debt.
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Hydro-Québec to spend up to $185 billion to increase capacity, reliability

Hydro-Québec to spend up to $185 billion to increase capacity, reliability

MONTREAL — Quebec's public hydroelectric utility says it plans to spend up to $185 billion by 2035 to increase generating capacity and improve the reliability of its network.
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Saputo closing facility in Lancaster, Wisc., about 100 employees affected

Saputo closing facility in Lancaster, Wisc., about 100 employees affected

MONTREAL — Saputo Inc. says it is closing its facility in Lancaster, Wis., and plans to move production to another location in the state. The Montreal-based company says about 100 employees will be affected by the decision.
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Bell CEO says fibre internet build could slow if regulatory decisions unfavourable

Bell CEO says fibre internet build could slow if regulatory decisions unfavourable

While BCE Inc. is “well on track” to meet its fibre internet build targets, the company’s chief executive has warned that the company is prepared to delay progress in 2024 in the face of regulatory uncertainty.
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