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Suncor reaches deal with activist investor, will consider sale of Petro-Canada

Suncor reaches deal with activist investor, will consider sale of Petro-Canada

Suncor Energy Inc. said Monday that it has reached a deal with activist investor Elliott Investment Management LP that will see it undertake a strategic review of its Petro-Canada gas station chain with the goal of "unlocking shareholder value.
Interest rate hike like a 'hammer to housing': BMO senior economist

Interest rate hike like a 'hammer to housing': BMO senior economist

A BMO Capital Markets senior economist says the Bank of Canada's recent move to increase its key interest rate is setting up the housing market for an even deeper correction next year
Precision Drilling buying Canadian well servicing business from High Arctic

Precision Drilling buying Canadian well servicing business from High Arctic

CALGARY — Precision Drilling Corp. has signed a deal to buy the Canadian well servicing business of High Arctic Energy Services Inc. for $38.2 million in cash.
CMHC says annual pace of housing starts slowed in June compared with May

CMHC says annual pace of housing starts slowed in June compared with May

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in June slowed compared with May.
Lebanon's Baalbek festival back, despite economic collapse

Lebanon's Baalbek festival back, despite economic collapse

BAALBEK, Lebanon (AP) — Lebanon’s renowned Baalbek festival is back, held in front of a live audience for the first time since 2019, despite the country's economic meltdown and the coronavirus pandemic.
'Thor' stays No. 1, while 'Crawdads' opens strong

'Thor' stays No. 1, while 'Crawdads' opens strong

NEW YORK (AP) — The Marvel sequel “Thor: Love & Thunder” dropped a hefty 68% in its second weekend of release but still held the top spot at the box office, according to studio estimates Sunday, while the bestseller adaptation “Where the Crawdads
'Raging Fire' wins best film at Hong Kong Film Awards

'Raging Fire' wins best film at Hong Kong Film Awards

HONG KONG (AP) — Action-packed police thriller “Raging Fire” won best film and three other awards at the Hong Kong Film Awards Sunday, beating out a crowd favorite film about late Cantopop singer Anita Mui.
Lawsuit says Bass Pro won't honor lifetime warranty on socks

Lawsuit says Bass Pro won't honor lifetime warranty on socks

A Missouri man says in a class-action lawsuit against Bass Pro that the outdoor outfitter is refusing to honor its lifetime warranty on socks
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: Stock markets Stock markets have been on a wild ride in recent weeks with Canada's main stock index falling to its lowest level in more than a year.
Canada's oilsands look into use of nuclear power as 'net zero changes everything'

Canada's oilsands look into use of nuclear power as 'net zero changes everything'

CALGARY — The pressing global need to slash emissions in the face of a growing climate crisis is driving renewed interest in nuclear power — and few places more sothan in Canada's oilsands.