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TC Energy reports $1.1-billion net loss after $2.2-billion writedown on Keystone XL

TC Energy reports $1.1-billion net loss after $2.2-billion writedown on Keystone XL

CALGARY — TC Energy Corp. is reporting a first-quarter net loss of $1.1 billion after taking a $2.2-billion after-tax asset impairment charge on its cancelled Keystone XL export oil pipeline.
OSC to ban deferred sales charges on mutual funds next year

OSC to ban deferred sales charges on mutual funds next year

TORONTO — The Ontario Securities Commission is moving to ban deferred sales charges on mutual funds — a move that will harmonize the watchdog's policy on such fees with the rest of the country.
Telus CEO says it's on track to lower capital spending sharply in 2023

Telus CEO says it's on track to lower capital spending sharply in 2023

VANCOUVER — Telus Corp. chief executive Darren Entwistle said Friday that the telecommunications company will be able to reduce capital spending to $2.5 billion a year or less in 2023, after an accelerated investment plant announced this week.
Alberta's Kenney urges federal government to push U.S. for surplus COVID-19 vaccines

Alberta's Kenney urges federal government to push U.S. for surplus COVID-19 vaccines

EDMONTON — Premier Jason Kenney is urging the federal government to push hard to bring surplus COVID-19 vaccines in from the United States.
'Will I ever have the money to pay bills?' Retail worker faces third layoff in April

'Will I ever have the money to pay bills?' Retail worker faces third layoff in April

Joyce Garant has worked since she was 15 years old. Her first job was as a hostess for McDonald's before she became a dress store manager. Then in 1987, she was hired at the Hudson's Bay in her hometown of Windsor, Ont.
Big Three's Q1 average monthly wireless bills but some fees on the rise

Big Three's Q1 average monthly wireless bills but some fees on the rise

TORONTO — Quarterly reports from Rogers, Bell Canada and Telus show their average monthly billing per mobile phone user was down in early 2021 compared with last year's first quarter.
EU leaders attend summit in person for 1st time this year

EU leaders attend summit in person for 1st time this year

PORTO, Portugal — European Union leaders and their large following of diplomats and advisers met Friday in Portugal for two days of in-person talks, signalling their belief that the threat from COVID-19 on the continent is waning amid a quickening va

Clarification to May 6 Money Monitor story on lumber costs for home renovation

In a May 6 Money Monitor about home renovations amid high lumber costs, The Canadian Press used the description "fibreglass-based panels" in the 13th paragraph. A more specific description of the OSB alternative is "fibreglass-faced gypsum panels.
Cenovus Energy reports $220M first-quarter profit compared with a loss a year ago

Cenovus Energy reports $220M first-quarter profit compared with a loss a year ago

CALGARY — The CEO of Cenovus Energy Inc. says more than half of the job cuts from its takeover of rival Husky Energy Inc.
Air Canada calls on Ottawa to lift hotel quarantine as it prepares for recovery

Air Canada calls on Ottawa to lift hotel quarantine as it prepares for recovery

Air Canada called on Ottawa to ease travel restrictions as the airline, which reported a first-quarter loss of $1.3 billion, plans for its post pandemic recovery. "The current mandatory hotel quarantine for arrivals has proven ineffective.