Since oil prices began to nosedive two years ago, Cenovus Energy has been on its heels, desperately trying to cut costs. Management slashed capital spending, delayed projects and cut the workforce, among other measures.
OTTAWA - Statistics Canada is expected to shed light on the economic impact of the wildfires in Fort McMurray, Alta., when it releases GDP figures for May later today.
After trying to tamp down demand in Vancouver's superheated housing market with a tax on foreign home buyers, British Columbia is now tackling supply, promising to use the tax revenue to fund affordable housing.
TORONTO - North American stock markets stayed flat as traders await the results of an upcoming policy meeting at the Bank of Japan.
All told, Ontario's aborted pension plan cost $70 million before a single penny of contributions was collected, the province revealed Thursday.