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Crescent Point Energy increasing use of hedging amid volatile oil markets

Crescent Point Energy increasing use of hedging amid volatile oil markets

CALGARY — Crescent Point Energy Corp. is increasing its use of hedging to protect itself against commodity price swings.
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Bank of Canada appoints Rhys Mendes as deputy governor

Bank of Canada appoints Rhys Mendes as deputy governor

OTTAWA, Ill. — The Bank of Canada has appointed Rhys Mendes as a deputy governor, effective July 17.
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Joint venture including SNC-Lavalin and Aecon sign Bruce Power refurbishment deal

Joint venture including SNC-Lavalin and Aecon sign Bruce Power refurbishment deal

TORONTO — A joint venture including SNC-Lavalin Group Inc. and Aecon Group Inc. has signed a 10-year agreement valued at $1.3 billion to extend the life of four of Bruce Power’s Candu nuclear reactors to 2064.
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California's governor says state's budget deficit has grown to nearly $32 billion

California's governor says state's budget deficit has grown to nearly $32 billion

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom said Friday the state's budget deficit has grown to nearly $32 billion. That's about $10 billion more than predicted in January, when the governor offered his first budget proposal.
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Cineplex CEO 'most excited I've been in the last four years' as Q1 loss narrows

Cineplex CEO 'most excited I've been in the last four years' as Q1 loss narrows

TORONTO — An onslaught of high-profile films set to hit movie theatres this summer has the chief executive of Canada's largest cinema chain confident that his business is charting a successful rebound from its pandemic woes.
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Biden taps Philip Jefferson to be Fed's vice chair, Adriana Kugler as first Hispanic on Fed board

Biden taps Philip Jefferson to be Fed's vice chair, Adriana Kugler as first Hispanic on Fed board

WASHINGTON (AP) — President Joe Biden has nominated Philip Jefferson, a member of the Federal Reserve's Board of Governors, to serve as vice chair of the board, the White House announced Friday.
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Canopy to refile financial results after finding BioSteel 'material misstatements'

Canopy to refile financial results after finding BioSteel 'material misstatements'

SMITHS FALLS, Ont. — Canopy Growth Corp. says it will refile three of its past quarterly financial statements after uncovering "material misstatements" linked to its BioSteel business. The Smiths Falls, Ont.
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Onex reports US$232M first-quarter loss compared with US$164M profit a year ago

Onex reports US$232M first-quarter loss compared with US$164M profit a year ago

TORONTO — Onex Corp. reported a first-quarter loss as the company worked to wind down its Gluskin Sheff wealth management business and move the adviser teams to RBC Wealth Management Canada.
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Inflation likely slowed again in April, but economists say wage growth a top concern

Inflation likely slowed again in April, but economists say wage growth a top concern

OTTAWA — Canadians' wages are finally growing faster than prices as inflation continues to ease, but that isn't necessarily good news for economists who worry high wage growth might stand in the way of bringing inflation back down to the two per cent
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The AP Interview: Mitsotakis hopes for better relations with Turkey if reelected as Greek premier

The AP Interview: Mitsotakis hopes for better relations with Turkey if reelected as Greek premier

VOLOS, Greece (AP) — Greece’s prime minister says he will extend “a hand of friendship” to the winner of upcoming elections in the country's neighbor and longtime regional rival Turkey — but adds that he hopes the next government will "reconsider its
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