Philip Gauthier sticks his head down a water well he has not used in about a dozen years. The hole is dark, but he can see water about six metres down.
Cenovus Energy Inc. CVE -3.21 % on Thursday posted a hefty second-quarter loss and an 8% decline in cash flow as lower oil-sands operating costs and stronger production failed to offset a slump in oil and gas prices.
Potash Corp. of Saskatchewan Inc. has slashed its dividend for the second time this year, a reflection of the glutted market for its key product.
Fort McMurray fire chief Darby Allen calls recent criticism of his team's handling of the wildfires in May an unwelcome distraction from the rebuilding that needs to be done.
Newfoundlanders and Labradorians will get a very small break at the pumps this week, as gasoline and diesel are both down less than a cent.