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Canadian Association of Energy Contractors raises drilling forecast for the year

Canadian Association of Energy Contractors raises drilling forecast for the year

CALGARY — 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.
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Pet Valu reports Q1 profit and revenue up, raises full-year guidance

Pet Valu reports Q1 profit and revenue up, raises full-year guidance

MARKHAM, Ont. — Pet Valu Holdings Ltd. reported first-quarter profit of $22.6 million, up from $3.4 million a year ago, and raised its full-year revenue outlook.
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Wattpad CEO Allen Lau stepping aside, will take on executive adviser role

Wattpad CEO Allen Lau stepping aside, will take on executive adviser role

TORONTO — Wattpad Corp.'s founder says he is stepping away from his chief executive officer role about a year after the company was acquired by a South Korean internet conglomerate.
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George Weston reports Q1 profit, raises quarterly dividend 10 per cent

George Weston reports Q1 profit, raises quarterly dividend 10 per cent

TORONTO — George Weston Ltd. raised its dividend by 10 per cent as it reported a profit attributable to shareholders in its latest quarter compared with a loss a year ago. The company, which owns large interests in Loblaw Companies Ltd.
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Spain fires intelligence chief amid phone hacking scandals

Spain fires intelligence chief amid phone hacking scandals

BARCELONA, Spain (AP) — Spain's government fired the director of the country's top intelligence agency Tuesday following the hacking of politicians’ cellphones, including the devices of the prime minister and several supporters of the Catalonia regio
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Sony's profit surges on healthy film, game, music growth

Sony's profit surges on healthy film, game, music growth

TOKYO (AP) — Sony’s fiscal fourth quarter surged 67% to 111.1 billion yen ($852.7 million) from the previous year, as the Japanese entertainment and electronics company racked up profits in video game and movie divisions. Tokyo-based Sony Corp.
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Suncor Energy reports earnings of $2.95B as oil prices surge

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

CALGARY — 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.
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Pipeline builder fined thousands over erosion and sediment control on B.C. project

Pipeline builder fined thousands over erosion and sediment control on B.C. project

VICTORIA — Coastal GasLink Pipeline Ltd. has been fined more than $170,000 after inspectors found what the British Columbia government says were repeated issues of erosion and sediment control.
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Competition Bureau seeks to block Rogers-Shaw deal, citing affordability and choice

Competition Bureau seeks to block Rogers-Shaw deal, citing affordability and choice

TORONTO — The Competition Bureau has filed an application to block Rogers Communications Inc.'s purchase of Shaw Communications Inc.
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Ritchie Bros. reports revenues up, supply still a challenge

Ritchie Bros. reports revenues up, supply still a challenge

VANCOUVER — Ritchie Bros. Auctioneers Inc. says its revenues rose in the first quarter compared with a year ago even though the company is struggling to secure used equipment to sell. The Vancouver-based auctioneer, which reports in U.S.
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