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West Fraser Q1 profit surges 64% despite significant winter transportation woes

VANCOUVER — West Fraser Timber Co. Ltd. says its net profit soared 64 per cent from a year ago to US$1.09 billion in its latest quarter on higher revenues despite significant transportation and mill challenges in B.C.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (21,121.06, up 376.83 points.) Suncor Energy Inc. (TSX:SU). Energy. Up $5.07, or 12 per cent, to $47.22 on 24.9 million shares.
S&P/TSX composite has best day of 2022 as energy, tech lead recovery

S&P/TSX composite has best day of 2022 as energy, tech lead recovery

TORONTO — Strong corporate earnings south of the border lifted the tech sector and propelled Canada's main stock index to bounce back with its best performance of the year.

TFI International more than doubles Q1 profits amid surge in trucking demand

MONTREAL — TFI International Inc. more than doubled its profits in its first quarter as surging demand for consumer items, raw materials and manufacturing components fuels growth across the shipping industry.
Activist investor Elliott Investment Management seeking changes at Suncor Energy

Activist investor Elliott Investment Management seeking changes at Suncor Energy

CALGARY — One of North America's most aggressive activist investors has set its sights on Suncor Energy Inc., seeking an overhaul of the company's board and management team, along with the possible sale of Petro-Canada.
Rogers to bring 500 jobs to Calgary with national technology centre

Rogers to bring 500 jobs to Calgary with national technology centre

Rogers Communications Inc. said Thursday that it will bring 500 jobs to Calgary with a new national technology centre that it intends to establish following the close of the company's proposed merger with Shaw Communications Inc.
US economy shrinks, threats loom, but growth likely to last

US economy shrinks, threats loom, but growth likely to last

WASHINGTON (AP) — The U.S.
Navigating the high costs of mental health care in a time of high demand

Navigating the high costs of mental health care in a time of high demand

TORONTO — Asking for help may be the most daunting part of dealing with a mental health issue, but paying for that help is often not much easier.
Precision Drilling boosts capital spending as higher rig demand expected to continue

Precision Drilling boosts capital spending as higher rig demand expected to continue

CALGARY — Precision Drilling Corp. is boosting its 2022 capital spending in anticipation of a continued strong run for the oilfield rig provider amid higher demand and surging prices for oil and natural gas.

FDA to issue plan banning menthol in cigarettes, cigars

WASHINGTON (AP) — The U.S. government on Thursday will lay out its long-awaited plan to ban menthol cigarettes and flavored cigars, which have taken a disproportionate toll on Black smokers and other minorities.