Business

Pumpjacks pump crude oil near Halkirk, Alta., June 20, 2007. The Canadian Association of Energy Contractors is raising its forecast for oil and natural gas drilling following what it said was a robust first quarter due to stronger than expected oil and gas prices. THE CANADIAN PRESS/Larry MacDougal

Canadian Association of Energy Contractors raises drilling forecast for the year

The association says it now expects 6,902 wells to be drilled this year

Pumpjacks pump crude oil near Halkirk, Alta., June 20, 2007. The Canadian Association of Energy Contractors is raising its forecast for oil and natural gas drilling following what it said was a robust first quarter due to stronger than expected oil and gas prices. THE CANADIAN PRESS/Larry MacDougal
A Suncor logo is shown at the company’s annual meeting in Calgary, Alta., Thursday, May 2, 2019. Suncor Energy Inc. says it earned $2.95 billion in the first quarter, up from $821 million in the same period of 2021, as the war in Ukraine and energy supply fears drove oil prices higher. THE CANADIAN PRESS/Jeff McIntosh

Suncor Energy reports earnings of $2.95B as oil prices surge

Revenues were $13.5 billion, up from $8.6 billion in the prior quarter

A Suncor logo is shown at the company’s annual meeting in Calgary, Alta., Thursday, May 2, 2019. Suncor Energy Inc. says it earned $2.95 billion in the first quarter, up from $821 million in the same period of 2021, as the war in Ukraine and energy supply fears drove oil prices higher. THE CANADIAN PRESS/Jeff McIntosh
A woman holds two cellphones in this photo illustration in Chelsea, Que., Monday March 29, 2021. The proposed $26-billion merger between two of Canada’s telecom titans has hit a new regulatory hurdle after the Commissioner of Competition has indicated it intends to block the deal. THE CANADIAN PRESS/Adrian Wyld
A woman holds two cellphones in this photo illustration in Chelsea, Que., Monday March 29, 2021. The proposed $26-billion merger between two of Canada’s telecom titans has hit a new regulatory hurdle after the Commissioner of Competition has indicated it intends to block the deal. THE CANADIAN PRESS/Adrian Wyld
Author Christopher DiRaddo is seen at the Blue Metropolis International Literary Festival, Friday, May 6, 2022, in Montreal. THE CANADIAN PRESS/Ryan Remiorz

Canadian authors, booksellers say COVID-19 has both helped and hurt their industry

Book sales are up compared to pre-pandemic levels, but supply chain woes loom large

Author Christopher DiRaddo is seen at the Blue Metropolis International Literary Festival, Friday, May 6, 2022, in Montreal. THE CANADIAN PRESS/Ryan Remiorz
The Enbridge logo is shown at the company’s annual meeting in Calgary on May 9, 2018. Enbridge Inc. says its profits rose in the first quarter as energy demand continues to grow. THE CANADIAN PRESS/Jeff McIntosh

Enbridge reports $1.93B first-quarter profit as energy demand and prices grow

Revenues increased 24 per cent to $15.1 billion from $12.1 billion a year earlier

The Enbridge logo is shown at the company’s annual meeting in Calgary on May 9, 2018. Enbridge Inc. says its profits rose in the first quarter as energy demand continues to grow. THE CANADIAN PRESS/Jeff McIntosh
A woman checks out a jobs advertisement sign during the COVID-19 pandemic in Toronto on Wednesday, April 29, 2020. Statistics Canada will release its latest reading on the job market on Friday. The agency will release its labour force survey for April. THE CANADIAN PRESS/Nathan Denette

April jobless rate drops to another new low as economy adds 15K jobs: StatCan

Rate fell to its lowest point since at least 1976, which is as far back as comparable data goes

A woman checks out a jobs advertisement sign during the COVID-19 pandemic in Toronto on Wednesday, April 29, 2020. Statistics Canada will release its latest reading on the job market on Friday. The agency will release its labour force survey for April. THE CANADIAN PRESS/Nathan Denette
Minister of Canadian Heritage Pablo Rodriguez delivers opening remarks to the National Culture Summit at the National Arts Centre in Ottawa on Tuesday, May 3, 2022. YouTube says user-generated content, such as cooking videos made in people’s kitchens, could be regulated by an online streaming law, despite assurances from the Heritage Minister that this will not happen. THE CANADIAN PRESS/Sean Kilpatrick

YouTube says bill could cover user-generated content, despite minister’s assurances

YouTube Canada says draft law’s wording gives the broadcast regulator scope to oversee home videos

Minister of Canadian Heritage Pablo Rodriguez delivers opening remarks to the National Culture Summit at the National Arts Centre in Ottawa on Tuesday, May 3, 2022. YouTube says user-generated content, such as cooking videos made in people’s kitchens, could be regulated by an online streaming law, despite assurances from the Heritage Minister that this will not happen. THE CANADIAN PRESS/Sean Kilpatrick
People cross the street in downtown Vancouver, on Wednesday, February 23, 2022. As pandemic restrictions are lifted and cases ease, some companies want workers back in the office five days a week. THE CANADIAN PRESS/Darryl Dyck

‘It won’t change overnight:’ Workers push back as return-to-office plans roll out

Multiple factors can influence how employees respond to the revival of office life

People cross the street in downtown Vancouver, on Wednesday, February 23, 2022. As pandemic restrictions are lifted and cases ease, some companies want workers back in the office five days a week. THE CANADIAN PRESS/Darryl Dyck
Canadian Heritage Minister Pablo Rodriguez speaks with the media before attending caucus, Wednesday, April 27, 2022 in Ottawa. Heritage Minister Pablo Rodriguez has hit back at Facebook’s hint that it has not ruled out banning Canadians viewing and sharing news on its site, in response to a federal online news law. THE CANADIAN PRESS/Adrian Wyld

Heritage Minister Pablo Rodriguez reacts to Facebook ‘threat’ over online news bill

Bill would force digital giants to compensate news outlets for reusing their work

Canadian Heritage Minister Pablo Rodriguez speaks with the media before attending caucus, Wednesday, April 27, 2022 in Ottawa. Heritage Minister Pablo Rodriguez has hit back at Facebook’s hint that it has not ruled out banning Canadians viewing and sharing news on its site, in response to a federal online news law. THE CANADIAN PRESS/Adrian Wyld
FILE - Construction work on a 200 meter long pier being built where the gas pipeline is due to come ashore at Houstrup Strand, in West Jutland, Denmark, Tuesday Feb. 23, 2021. Russia has opened a new front in its war over Ukraine, cutting two European Union nations that staunchly back Kyiv off from its gas. That represents a dramatic escalation in a conflict that is increasingly becoming a wider battle with the West. (John Randeris /Ritzau Scanpix via AP, File)

European nations accuse Russia of natural gas ‘blackmail’

Gas cut off to Poland and Bulgaria after each refused to start paying for gas in rubles

FILE - Construction work on a 200 meter long pier being built where the gas pipeline is due to come ashore at Houstrup Strand, in West Jutland, Denmark, Tuesday Feb. 23, 2021. Russia has opened a new front in its war over Ukraine, cutting two European Union nations that staunchly back Kyiv off from its gas. That represents a dramatic escalation in a conflict that is increasingly becoming a wider battle with the West. (John Randeris /Ritzau Scanpix via AP, File)
The Twitter page of Elon Musk is seen on the screen of a computer in Sausalito, Calif., on Monday, April 25, 2022. On Monday, Musk reached an agreement to buy Twitter for about $44 billion. (AP Photo/Eric Risberg)

What Musk’s past tweets reveal about Twitter’s next owner

‘It’s ironic…somebody who claims they want to buy Twitter to protect free speech has such thin skin’

The Twitter page of Elon Musk is seen on the screen of a computer in Sausalito, Calif., on Monday, April 25, 2022. On Monday, Musk reached an agreement to buy Twitter for about $44 billion. (AP Photo/Eric Risberg)
Grounded Air Canada planes sit on the tarmac at Pearson International Airport during the COVID-19 pandemic in Toronto on Wednesday, April 28, 2021. Air Canada reported a first-quarter loss of $974 million compared with a loss of $1.30 billion a year earlier as its revenue more than tripled. THE CANADIAN PRESS/Nathan Denette

Air Canada to jack up fares amid higher fuel costs, weak business travel

Carrier more than tripled its revenues last quarter, but losses still significant

Grounded Air Canada planes sit on the tarmac at Pearson International Airport during the COVID-19 pandemic in Toronto on Wednesday, April 28, 2021. Air Canada reported a first-quarter loss of $974 million compared with a loss of $1.30 billion a year earlier as its revenue more than tripled. THE CANADIAN PRESS/Nathan Denette
Canadian Heritage Minister Pablo Rodriguez rises during Question Period, Monday, April 25, 2022 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

Facebook has serious concerns over online news bill, considers options for response

Meta says it was “not consulted” on its content, an assertion sharply disputed by Canada

Canadian Heritage Minister Pablo Rodriguez rises during Question Period, Monday, April 25, 2022 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
FILE - Tesla and SpaceX CEO Elon Musk arrives on the red carpet for the Axel Springer media award in Berlin on Dec. 1, 2020. Musk says he has lined up $46.5 billion in financing to buy Twitter, and he’s trying to negotiate an agreement with the company. The Tesla CEO says in documents filed Thursday, April 21, 2022 with U.S. securities regulators that he’s exploring a tender offer to buy all of the social media platform’s common stock for $54.20 per share in cash.  (Hannibal Hanschke/Pool Photo via AP, File)

Elon Musk has an agreement to acquire Twitter for about $44B

Musk says Twitter must do better at serving what he calls the “societal imperative” of free speech

FILE - Tesla and SpaceX CEO Elon Musk arrives on the red carpet for the Axel Springer media award in Berlin on Dec. 1, 2020. Musk says he has lined up $46.5 billion in financing to buy Twitter, and he’s trying to negotiate an agreement with the company. The Tesla CEO says in documents filed Thursday, April 21, 2022 with U.S. securities regulators that he’s exploring a tender offer to buy all of the social media platform’s common stock for $54.20 per share in cash.  (Hannibal Hanschke/Pool Photo via AP, File)
FILE - Tesla and SpaceX CEO Elon Musk arrives on the red carpet for the Axel Springer media award in Berlin on Dec. 1, 2020. Musk says he has lined up $46.5 billion in financing to buy Twitter, and he’s trying to negotiate an agreement with the company. The Tesla CEO says in documents filed Thursday, April 21, 2022 with U.S. securities regulators that he’s exploring a tender offer to buy all of the social media platform’s common stock for $54.20 per share in cash. (Hannibal Hanschke/Pool Photo via AP, File)

Reports: Twitter in talks with Musk over bid to buy platform

Musk said last week that he had lined up $46.5 billion in financing to buy Twitter

FILE - Tesla and SpaceX CEO Elon Musk arrives on the red carpet for the Axel Springer media award in Berlin on Dec. 1, 2020. Musk says he has lined up $46.5 billion in financing to buy Twitter, and he’s trying to negotiate an agreement with the company. The Tesla CEO says in documents filed Thursday, April 21, 2022 with U.S. securities regulators that he’s exploring a tender offer to buy all of the social media platform’s common stock for $54.20 per share in cash. (Hannibal Hanschke/Pool Photo via AP, File)
Governor of the Bank of Canada, Tiff Macklem, and Senior Deputy Governor Carolyn Rogers appear before the House of Commons Standing Committee on Finance, in Ottawa on Monday, April 25, 2022. THE CANADIAN PRESS/Sean Kilpatrick
Governor of the Bank of Canada, Tiff Macklem, and Senior Deputy Governor Carolyn Rogers appear before the House of Commons Standing Committee on Finance, in Ottawa on Monday, April 25, 2022. THE CANADIAN PRESS/Sean Kilpatrick
Duck breeders load ducks into a truck to bring them to a slaughterhouse at a poultry farm in Saint Aubin, southwestern France, Wednesday, Feb. 22, 2017. France’s agriculture ministry had ordered all remaining 360,000 ducks in a key poultry-producing region slaughtered to try to stem a growing outbreak of bird flu. (AP Photo/Bob Edme)

Avian flu: Quebec duck farm says it has to kill 150,000 birds, lay off 300 staff

Company says it could take a year and several million dollars to fully restore operations

Duck breeders load ducks into a truck to bring them to a slaughterhouse at a poultry farm in Saint Aubin, southwestern France, Wednesday, Feb. 22, 2017. France’s agriculture ministry had ordered all remaining 360,000 ducks in a key poultry-producing region slaughtered to try to stem a growing outbreak of bird flu. (AP Photo/Bob Edme)
Steam rises from buildings in Calgary, Alta., Wednesday, Feb. 8, 2017. THE CANADIAN PRESS/Jeff McIntosh

Priced out of Ontario, homebuyers turn their eyes to the Calgary real estate market

Alberta realtors buzzing about what they say is an unusually high number of inquiries from Ontario

Steam rises from buildings in Calgary, Alta., Wednesday, Feb. 8, 2017. THE CANADIAN PRESS/Jeff McIntosh
A Sunwing aircraft is parked at Montreal Trudeau airport in Montreal on Wednesday, March 2, 2022. Sunwing Airlines Inc. says thousands of passengers remain stranded and the start of vacations delayed as the company continues to struggle with a technical problem that has grounded flights. THE CANADIAN PRESS/Paul Chiasson

Technical issue continues to disrupt travel plans for thousands of Sunwing passengers

About 15 out of the more than 40 scheduled flights have been processed since issue surfaced

A Sunwing aircraft is parked at Montreal Trudeau airport in Montreal on Wednesday, March 2, 2022. Sunwing Airlines Inc. says thousands of passengers remain stranded and the start of vacations delayed as the company continues to struggle with a technical problem that has grounded flights. THE CANADIAN PRESS/Paul Chiasson
A group of Canada geese stand on railway tracks as a plant operates in the background at Hamilton Harbour in Hamilton, Ont. Tuesday December 10, 2002. THE CANADIAN PRESS/Kevin Frayer

Biggest emitters paying smallest price on pollution, critics say

Big companies with higher emissions pay the carbon price only on what they emit above a set limit

A group of Canada geese stand on railway tracks as a plant operates in the background at Hamilton Harbour in Hamilton, Ont. Tuesday December 10, 2002. THE CANADIAN PRESS/Kevin Frayer