Despite an economy that has shrunk for the first four months of the year, Canada is not in a recession, the unofficial arbiter of business cycles says.
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Setting a slightly better tone for Q2 oil patch earnings season, Husky Energy reported a second-quarter profit of $120 million, down 81 per cent from the same quarter a year earlier.
WestJet Airlines Ltd reported a 19 per cent rise in quarterly profit, helped by lower fuel costs and addition of new routes. Global crude prices have nearly halved from June last year, lowering costs for airlines and logistics and shipping companies ...
(Adds details of release, background). OTTAWA, July 28 (Reuters) - Canadian producer prices rose 0.5 percent in June largely due to higher prices for energy products and vehicles, Statistics Canada said on Tuesday.