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National Business
National Business
Strathcona Resources selling Montney assets for $2.84 billion
CALGARY — Strathcona Resources Ltd. has signed a series of three agreements to sell its assets in the Montney region valued at a total of $2.84 billion. The company says once the deals are complete it will be a pure-play heavy oil company.
May 15, 2025 10:30 AM
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Nuclear deals power 52% profit surge at AtkinsRéalis, prompt brighter forecast
MONTREAL — Nuclear projects fuelled a big surge in revenue at AtkinsRéalis Group Inc. last quarter, paving the way for better financial results in the year ahead, the engineering firm said.
May 15, 2025 10:30 AM
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Walmart says it will raise prices due to tariff costs after posting solid first quarter sales
NEW YORK (AP) — Walmart’s first-quarter profit slipped, and it said it must raise prices due to higher costs from tariffs implemented by President Donald Trump.
May 15, 2025 9:12 AM
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Recovery scams add insult to injury. How to avoid falling victim twice
Passwords for even trivial accounts such as Netflix matter. Every little piece of information — your name, phone number, email can be used to gain access to other details.
May 15, 2025 8:30 AM
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Retail sales slow in April after a spending splurge as Americans sought to front-run tariffs
WASHINGTON (AP) — U.S. consumers spent slightly more at retail stores last month after ramping up their shopping in March to get ahead of tariffs . Sales at retail stores and restaurants rose just 0.
May 15, 2025 8:07 AM
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Manufacturing sales fell in March, wholesale sales edged higher: StatCan
OTTAWA — Statistics Canada says manufacturing sales fell 1.4 per cent in March to $71.9 billion as sales fell in the primary metal and petroleum and coal product subsectors. The agency says sales of primary metals fell 6.5 per cent to $5.
May 15, 2025 6:18 AM
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Dick's Sporting Goods to buy struggling shoe chain Foot Locker for $2.4 billion
Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company in as many weeks as business leaders struggle with uncertainty over U.S.
May 15, 2025 6:16 AM
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US wholesale prices dropped 0.5% last month despite President Trump's tariffs
WASHINGTON (AP) — U.S. wholesale prices dropped unexpectedly in April for the first time in more than a year despite President Donald Trump’s sweeping taxes on imports .
May 15, 2025 6:04 AM
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Annual pace of housing starts in April up 30 per cent from March: CMHC
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in April rose 30 per cent compared with March.
May 15, 2025 5:47 AM
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Calfrac reports $7.8-million Q1 profit, revenue up 12 per cent from year ago
CALGARY — Calfrac Well Services Ltd. reported a first-quarter profit of $7.8 million compared with a loss of $2.9 million a year earlier as its revenue rose 12 per cent.
May 15, 2025 5:44 AM
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