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Hibernia offshore oil production halted after apparent spill of drilling fluids

Hibernia offshore oil production halted after apparent spill of drilling fluids

ST. JOHN'S, N.L. — Production at the Hibernia offshore production platform 315 kilometres east of St. John’s, N.L., has been halted after an apparent spill of drilling and production fluids.
OPINION: By the numbers—Feds have grossly miscalculated business needs

OPINION: By the numbers—Feds have grossly miscalculated business needs

What is needed is a plan with identifiable priorities and targeted spending
With stadiums, theatres closed, Coke 2Q revenue plunges 28%

With stadiums, theatres closed, Coke 2Q revenue plunges 28%

Coca-Cola's revenue plunged 28% in the second quarter, but the company thinks the worst could be behind it. Coke Chairman and CEO James Quincey said sales improved sequentially in May, June and July despite surging cases in key markets like the U.S.

US moves one step closer to letting the Boeing 737 Max fly

Federal safety regulators are moving closer to letting the grounded Boeing 737 Max fly again with changes that Boeing made to the plane after two deadly crashes.
PrairieSky Royalty reports lower second-quarter crude oil production

PrairieSky Royalty reports lower second-quarter crude oil production

CALGARY — Oil production is beginning to recover after it was curtailed by an average of 30 per cent in the second quarter due to low crude prices, PrairieSky Royalty Ltd. said Tuesday.
Niagara region housing prices climb as buyers leave Toronto in search of space

Niagara region housing prices climb as buyers leave Toronto in search of space

Prices of newly built homes climbed higher in June as Toronto-area home-buyers fled the city in favour of wine country.

Iamgold to proceed with $1.3 billion Cote Gold mine in northern Ontario

TORONTO — Iamgold Corp. says it is going ahead with its US$1.3-billion Cote Gold mine in northern Ontario as world gold prices reached nine-year highs over US$1,830 per ounce.
Torstar shareholders approve takeover by NordStar despite last-minute rival bid

Torstar shareholders approve takeover by NordStar despite last-minute rival bid

TORONTO — The $60-million acquisition of the Torstar Corp. newspaper group by NordStar Capital LP was approved by shareholders Tuesday, despite a rival group's last-minute offer to increase its cash bid.
Pandemic speeds up Canadians’ switch from cash to cards

Pandemic speeds up Canadians’ switch from cash to cards

Survey says 53 per cent of Canadians said they were using card or mobile tap payment for in-store purchases more often than pre-pandemic
EU agrees on $2.1 trillion deal after marathon summit

EU agrees on $2.1 trillion deal after marathon summit

BRUSSELS — After four days and nights of wrangling, exhausted European Union leaders finally clinched a deal on an unprecedented 1.8 trillion-euro ($2.