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Cenovus CEO says inflation 'manageable' as company posts massive upswing in Q2 profit

Cenovus CEO says inflation 'manageable' as company posts massive upswing in Q2 profit

CALGARY — Cenovus Energy Inc. chief executive Alex Pourbaix said Thursday that inflation has been "manageable" for the energy company so far, but is something he is certainly keeping an eye on.
Help wanted: After pandemic pivots, where have Canadian workers gone?

Help wanted: After pandemic pivots, where have Canadian workers gone?

Restaurants, airlines, schools and nursing homes are at the sharp end of a labour crunch that’s afflicted employers all year long. In June,the unemployment rate fell to a record low of 4.
Biden calls deal with Manchin 'godsend' for US families

Biden calls deal with Manchin 'godsend' for US families

WASHINGTON (AP) — President Joe Biden declared his support Thursday for the “historic” inflation-fighting agreement struck by Senate Majority Leader Chuck Schumer and holdout Democratic Sen.
PBS series, AP detail toll of Russian invasion of Ukraine

PBS series, AP detail toll of Russian invasion of Ukraine

LOS ANGELES (AP) — Two documentaries detailing the punishing effects of Russia's war on Ukraine will air on PBS' “Frontline” investigative series.
Postmedia chairman Paul Godfrey to step down from role at end of year

Postmedia chairman Paul Godfrey to step down from role at end of year

Postmedia chairman Paul Godfrey is stepping down from his role at the end of the year, the company announced Thursday. Current board member Jamie Irving will step into the job at the start of 2023.
Calfrac reports higher revenue, lower net loss in second quarter amid higher pricing

Calfrac reports higher revenue, lower net loss in second quarter amid higher pricing

CALGARY — Calfrac Well Services Ltd. reported a lower loss in its most recent quarter as its revenues climbed amid improved pricing and increased activity. The oilfield services company says it lost $6.
Tilray Brands records fourth-quarter loss amid higher revenue

Tilray Brands records fourth-quarter loss amid higher revenue

LEAMINGTON, Ont. — Tilray Brands Inc. posted a steep loss in its most recent quarter despite higher revenue as it recorded a non-cash impairment. The cannabis company posted a net loss of US$457.
Parents offer advice on how to set up allowances that teach kids how to budget, save

Parents offer advice on how to set up allowances that teach kids how to budget, save

TORONTO — At Patti Barnes' North Vancouver home, her five kids tend to the garden, take out the garbage and look after the family pets.
Fewer Americans applied for jobless benefits last week

Fewer Americans applied for jobless benefits last week

WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week, but the previous week's number was revised upward significantly, with claims breaching the 250,000 level in back-to-back weeks for the first time in more than eight months.
JetBlue agrees to buy Spirit for $3.8 billion

JetBlue agrees to buy Spirit for $3.8 billion

JetBlue has agreed to buy Spirit Airlines for $3.8 billion in a deal that would create the nation’s fifth largest airline if approved by U.S. regulators.