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Sherritt shares plunge on earnings miss from low cobalt prices, Cuba issues

Sherritt shares plunge on earnings miss from low cobalt prices, Cuba issues

TORONTO — Shares of Sherritt International Corp. closed down almost 30 per cent Friday after the company reported disappointing earnings blamed on low cobalt prices and complications in Cuba. The Toronto-based miner reported a net loss of $61.
Alberta oil curtailment pluses outweighed by minuses, say Imperial, Husky CEOs

Alberta oil curtailment pluses outweighed by minuses, say Imperial, Husky CEOs

CALGARY — A bitter squabble between oilsands producers over the wisdom and outcomes of Alberta's crude curtailment program continued Friday with CEOs of both Imperial Oil Ltd. and Husky Energy Inc. insisting the move has harmed the industry.
Self-employed increasingly turning to private lenders for mortgages

Self-employed increasingly turning to private lenders for mortgages

TORONTO — The self-employed are among the growing number of Canadians turning to private lenders in order to obtain a mortgage.

TransAlta shareholders elect slate of directors despite activist complaints

CALGARY — Power utility TransAlta Corp. shareholders shrugged off the interventions of a U.S. activist investor and elected the company's preferred slate of directors at its annual meeting.
Uber looks to raise up to $9B in initial public offering

Uber looks to raise up to $9B in initial public offering

NEW YORK — Ride-hailing giant Uber is aiming to raise $9 billion in its mammoth initial public stock offering that, while smaller than initially expected, still dwarfs most stock market debuts.
Bombardier looks to scrap exec compensation plan on regulator's recommendation

Bombardier looks to scrap exec compensation plan on regulator's recommendation

MONTREAL — Bombardier Inc. said Friday it will follow the urging of Quebec's financial market regulator and scrap a controversial executive compensation plan.
Fracking technology firm's patent infringement claim denied by appeal court

Fracking technology firm's patent infringement claim denied by appeal court

CALGARY — A fracking technology firm has been handed another setback in its attempt to defend its patent on a commonly used well completion technique. The Federal Court of Appeal has dismissed a filing by Packers Plus Energy Services Inc.
Imperial Oil reports first-quarter profit down from year ago, raises dividend

Imperial Oil reports first-quarter profit down from year ago, raises dividend

CALGARY — Imperial Oil Ltd. raised its dividend nearly 16 per cent as it reported that its first-quarter profit fell compared with a year ago.
Saputo buying specialty cheese business in Australia for $265 million

Saputo buying specialty cheese business in Australia for $265 million

MONTREAL — Saputo Inc. has signed a deal to buy the specialty cheese business of Lion - Dairy & Drinks in Australia for roughly $265 million.
Canadian clean-tech firm claims its oil ‘magnet’ is best at spill response

Canadian clean-tech firm claims its oil ‘magnet’ is best at spill response

The product attracts hydrocarbons, acting more like a magnet than a sponge