Browsing: Business News

Transat reports Thursday after $175 million in extra fuel costs over two quarters. Ottawa is now its lender, its creditor and a 19.9 per cent shareholder.

Tamarack Valley Energy and Headwater Exploration will merge in an all-stock deal valued at about $10 billion, creating the largest publicly traded producer in Alberta’s Clearwater oil play.

United Steelworkers Local 1998 settled with the University of Toronto on Tuesday after a 96 per cent strike mandate. AI protections were among the sticking points.

Copper hit a record US$14,617 a tonne Tuesday. Canada ships 99 per cent of its refined copper to the U.S., nearly all of it from one Montreal refinery.

Lululemon shares closed down 17.38 per cent on Sept. 4 after the retailer cut its full-year outlook for the second time this year, trimming the value of the roughly 8.6 per cent stake held by Vancouver founder Chip Wilson four days before a new chief executive takes over.

Ottawa’s $4.7B Via Rail order revives a Thunder Bay plant that cut 200 jobs in May, and replaces a fleet averaging 77 years old that runs until 2035.

Canadian Natural Resources realized US$75.04 a barrel on exploration and production liquids in a record second quarter. That is a different benchmark than the US$60.50 WTI price behind Alberta’s $9.4-billion deficit forecast, but a signal the budget assumption may be conservative.

Ottawa is negotiating a steel and aluminum export quota with Washington. Unlike 2019’s tariff-free resolution, this round would cap Canadian shipments.

Carney is using aluminum pain to pressure Washington before the Aug. 19 tariff deadline, but Quebec’s own aluminum data is more mixed than his framing suggests.

Jazz Aviation says bargaining with the union representing more than 1,000 Air Canada Express flight attendants has hit an impasse and it will seek a federal conciliation officer, one day after a 99 per cent strike mandate vote.