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Drought-stricken California imposes new round of water cuts

Drought-stricken California imposes new round of water cuts

SACRAMENTO, Calif. (AP) — California's urban water users and farmers who rely on supplies from state resevoirs will get less than planned this year as fears of a third consecutive dry year become reality, state officials announced Friday.
Ukraine war ups pressure for US oil; industry faces hurdles

Ukraine war ups pressure for US oil; industry faces hurdles

BILLINGS, Mont.
Retail sales rose 3.2% in January amid Omicron surge, StatCan reports

Retail sales rose 3.2% in January amid Omicron surge, StatCan reports

OTTAWA — Retail sales rose 3.2 per cent to $58.9 billion in January, even with public health restrictions in several parts of the country to deal with the Omicron surge in COVID-19 cases at the start of the year, Statistics Canada said Friday.
Cannabis company Hexo hit by one-time charges, reports $690.3M net loss

Cannabis company Hexo hit by one-time charges, reports $690.3M net loss

Hexo Corp. reported a net loss of $690.3 million as it recorded $616 million in one-time impairment charges in its latest quarter as it worked to turn around the cannabis business. The Gatineau, Que.
Shareholder calls Rio Tinto offer to take Turquoise Hill private too low

Shareholder calls Rio Tinto offer to take Turquoise Hill private too low

The largest minority shareholder in Turquoise Hill Resources Ltd. says an offer by Rio Tinto International Holdings Ltd. to take the miner private is too low.
WestJet foresees busy summer travel season as testing requirements dropped

WestJet foresees busy summer travel season as testing requirements dropped

CALGARY — WestJet Airlines Ltd. is preparing for an "immediate and dramatic" uptick in demand in the wake of the government of Canada's decision to remove pre-entry COVID-19 testing requirements for vaccinated travellers.
Centerra suspends gold bar production at Oksut Mine in Turkey after mercury detected

Centerra suspends gold bar production at Oksut Mine in Turkey after mercury detected

TORONTO — Centerra Gold Inc. has temporarily suspended gold doré bar production at its Oksut Mine in Turkey after mercury was detected in part of the processing plant.
Power Corp. ends record year with profits flat in fourth quarter

Power Corp. ends record year with profits flat in fourth quarter

MONTREAL — Power Corporation of Canada says it earned record profits last year as net income was flat in the fourth quarter. The Montreal-based holding company said its earnings attributable to shareholders reached $2.
Most actively traded companies on the Toronto Stock Exchange

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 (21,771.22, up 302.39 points.) Cenovus Energy Inc. (TSX:CVE). Energy. Up 57 cents or three per cent, to $19.50 on 8.5 million shares.
S&P/TSX composite hits record close in broad rally as crude oil prices surge

S&P/TSX composite hits record close in broad rally as crude oil prices surge

TORONTO — Canada's main stock index hit a record close as investors welcomed the U.S. Federal Reserve's interest rate guidance and commodities resumed their upward trajectory as part of a broad-based rally. The S&P/TSX composite index gained 302.