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Suncor CEO signals caution about restarting oil output as economy recovers

Suncor CEO signals caution about restarting oil output as economy recovers

CALGARY — The CEO of Suncor Energy Inc. says the company won't quickly ramp up oil production despite recent higher crude prices as the North American economy begins to reopen following the easing of lockdowns from the COVID-19 pandemic.
Tory says masking bylaw could be brought in if apartment buildings don't comply

Tory says masking bylaw could be brought in if apartment buildings don't comply

Toronto Mayor John Tory said he's prepared to extend the city's mandatory masking order to shared spaces inside apartment and condominium buildings if management companies refuse to do it voluntarily.

Suncor reports Q2 net loss of $614M as production falls by almost one fifth

CALGARY — Suncor Energy Inc. is reporting a second-quarter net loss of $614 million after it cut back on production to deal with sharply reduced crude prices amid lower global energy demand.
Inflatable pools lead wave of toy sales as parents, kids reclaim slice of summer

Inflatable pools lead wave of toy sales as parents, kids reclaim slice of summer

Inflatable pools are driving a deluge of toy sales during the COVID-19 pandemic as consumers try to enhance at-home leisure for their children, their pets and their feet.
Kelt to sell B.C. Montney assets to ConocoPhillips for $510 million

Kelt to sell B.C. Montney assets to ConocoPhillips for $510 million

CALGARY — Kelt Exploration Ltd. says it is selling assets in B.C. that account for almost half of its oil and gas production for $510 million in cash to Houston-based ConocoPhillips.
Tesla picks Texas site for second US vehicle assembly plant

Tesla picks Texas site for second US vehicle assembly plant

Electric car maker Tesla Inc. has picked the Austin, Texas, area as the site for its largest auto assembly plant employing at least 5,000 workers. The new factory will build Tesla’s upcoming Cybertruck pickup and will be a second U.S.
Saskatchewan announces 60 new COVID-19 cases, mostly on Hutterites colonies

Saskatchewan announces 60 new COVID-19 cases, mostly on Hutterites colonies

REGINA — Saskatchewan has posted its largest single-day jump in COVID-19 cases with 60 coming largely from Hutterite communities.

B.C. will match $1 billion from Ottawa to help jump start the pandemic economy

VICTORIA — The British Columbia government says it is matching $1 billion in federal government money to address the impacts of COVID-19 and help restart the economy. Premier John Horgan says in a news release the funding will secure some of B.C.
Tesla makes $104M profit in 2Q despite factory shutdown

Tesla makes $104M profit in 2Q despite factory shutdown

DETROIT — Tesla overcame a seven-week pandemic-related shutdown at its U.S. assembly plant to post a surprising $104 million net profit for the second quarter.
Ottawa reports $29M profit at Trans Mountain but critic says accounting flawed

Ottawa reports $29M profit at Trans Mountain but critic says accounting flawed

CALGARY — A report that says the Trans Mountain pipeline system has earned net income of $29 million in the 19 months since it was purchased by Ottawa relies on faulty accounting, according to a vocal critic of the project.