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Trican Well Service cuts 160 jobs during sharp slowdown in Q4 oilpatch activity

Trican Well Service cuts 160 jobs during sharp slowdown in Q4 oilpatch activity

CALGARY — A 40 per cent decline in revenue in the fourth quarter due to a steep downturn in drilling activity in Western Canada resulted in 160 lost jobs at Calgary-based Trican Well Service Ltd. The well completion company posted $5.

Ontario orders Hydro One to cap CEO pay at $1.5 million

TORONTO — Ontario issued a directive Thursday to Hydro One, ordering it to pay its CEO no more than $1.5 million per year — substantially less than the partially privatized utility had proposed.
GM Canada takes Unifor to labour board over allegations of unlawful striking

GM Canada takes Unifor to labour board over allegations of unlawful striking

OSHAWA, Ont. — General Motors Canada and Unifor are squaring off before the Ontario Labour Relations Board about whether union workers have engaged in illegal strikes as part of a campaign to stop the closure of GM's assembly plant in Oshawa, Ont.
Grocer Loblaw reports sluggish food sales, touts e-commerce progress

Grocer Loblaw reports sluggish food sales, touts e-commerce progress

Canada's largest grocer reported sluggish same-store sales in its food business during its latest quarter, but touted growth in its online offerings after the company spent the past year prioritizing its digital business. Loblaw Companies Ltd.
Fendi honours Lagerfeld and fashion's 'longest love story'

Fendi honours Lagerfeld and fashion's 'longest love story'

MILAN — Fendi paid understated tribute Thursday to Karl Lagerfeld, who died this week and was the Rome-based fashion house's creative director for 54 years.
TFSAs may be a better than RRSPs for many types of savers, financial experts say

TFSAs may be a better than RRSPs for many types of savers, financial experts say

TORONTO — The registered retirement savings plan (RRSP) is one of the best-known tax shelters available to Canadians, particularly in the weeks before the annual contribution deadline, which is March 1 this year.
US home sales tumbled 1.2 per cent in January

US home sales tumbled 1.2 per cent in January

WASHINGTON — U.S. home sales fell 1.2 per cent in January to their worst pace in more than three years, as persistent affordability problems have put a harsh chill in the real estate market.
Made-in-Canada lab-grown meat a possibility after grant from U.S. non-profit

Made-in-Canada lab-grown meat a possibility after grant from U.S. non-profit

A group of Toronto scientists will soon attempt to develop a less-expensive way to grow lab-made meat after securing a grant from an American non-profit aiming to boost advances in cultured protein.
Statistics Canada reports wholesale sales up 0.3 per cent in December

Statistics Canada reports wholesale sales up 0.3 per cent in December

OTTAWA — Statistics Canada says wholesale sales rose 0.3 per cent to $63.1 billion in December, led higher by gains in the motor vehicle and parts and the miscellaneous subsectors. The increase for the final month of 2018 followed a decline of 1.
Hydro One reports Q4 profit up from year ago, helped by weather and lower taxes

Hydro One reports Q4 profit up from year ago, helped by weather and lower taxes

TORONTO — Hydro One Ltd. says favourable weather and lower taxes helped boost its fourth-quarter results as it reported a profit of $162 million.