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Canadian Natural to take over Painted Pony Energy in $461-million deal

Canadian Natural to take over Painted Pony Energy in $461-million deal

CALGARY — Canadian Natural Resources Ltd. has struck a $461-million deal to buy Painted Pony Energy Ltd. as it looks to grow its position in the liquids-rich Montney natural gas region of northeastern B.C.
Alstom says Bombardier rail problems may affect terms of deal as talks continue

Alstom says Bombardier rail problems may affect terms of deal as talks continue

MONTREAL — French rail giant Alstom SA is warning that problems at Bombardier's train division may affect negotiations to buy it, but says it still plans to go ahead with the takeover deal.
Sidewalk Labs Toronto office up for lease after layoffs, abandoning smart city

Sidewalk Labs Toronto office up for lease after layoffs, abandoning smart city

TORONTO — Sidewalk Labs' Toronto office space is available for lease months after the company walked away from building a tech-savvy neighbourhood in the city.
US employers post more jobs in June, pull back on hiring

US employers post more jobs in June, pull back on hiring

WASHINGTON — U.S. employers advertised more jobs in June compared with the previous month, but overall hiring fell, painting a mixed picture of the job market. The number of jobs posted on the last day in June jumped 9.6% to 5.
Canopy reports decline in recreational pot sales

Canopy reports decline in recreational pot sales

SMITH FALLS, Ont. — Canopy Growth Corp. says a decline in recreational cannabis sales during the COVID-19 pandemic contributed to a rocky quarter. The Smiths Falls, Ont.
Ensign Energy Q2 revenue drops 48 per cent, Canada's share of revenue plunges

Ensign Energy Q2 revenue drops 48 per cent, Canada's share of revenue plunges

CALGARY — Ensign Energy Services Inc. reported a $17.1-million net loss in its second quarter, as revenue fell by nearly half compared with the same time last year.
Hong Kong newspaper raided, tycoon detained under new law

Hong Kong newspaper raided, tycoon detained under new law

Hong Kong authorities broadened their enforcement of a new national security law on Monday, arresting media tycoon Jimmy Lai, searching the headquarters of his Next Digital group and carting away boxes of what they said was evidence.
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Grocery bill One of Canada's largest grocers will report its latest quarterly results Wednesday. Metro Inc., as well as competitors Loblaw Companies Ltd.
Ontario's pot store lottery winners sell shops as more consolidation expected

Ontario's pot store lottery winners sell shops as more consolidation expected

TORONTO — More than a year after winning the chance to open one of Ontario's first cannabis stores through a provincial lottery, Lisa Bigioni has walked away from her Niagara Falls pot shop.
Premier Scott Moe worried U.S. could put tariff on steel after Canadian aluminum

Premier Scott Moe worried U.S. could put tariff on steel after Canadian aluminum

REGINA — Saskatchewan's premier says he's concerned the United States could impose a tariff on Canadian steel after the country slapped a 10 per cent import tax on aluminum.