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Hexo reports $52.1M net loss in Q2, announces share consolidation

Hexo reports $52.1M net loss in Q2, announces share consolidation

GATINEAU, Que. — Hexo Corp. says its most recent quarter delivered a $52.1 million net loss as the cannabis company purged unprofitable products and streamlined its business. The Gatineau, Que.
Sobeys parent company Empire says cyberattack expected to cost $25M after insurance

Sobeys parent company Empire says cyberattack expected to cost $25M after insurance

Sobeys parent company Empire Co. Ltd. has shared new details on a cyberattack that shut down its pharmacy services and other in-store functions last month.
Shell ÎÚÑ»´«Ã½ snapping up gas stations in preparation for energy transition

Shell ÎÚÑ»´«Ã½ snapping up gas stations in preparation for energy transition

CALGARY — After announcing its purchase of 56 gas stations from the parent company of Sobeys Thursday, Shell ÎÚÑ»´«Ã½ is on the lookout for other potential acquisitions as it seeks to grow its retail fuel footprint across the country.
Oil demand expected to start long-term decline within the decade, says report

Oil demand expected to start long-term decline within the decade, says report

The drop is based on long-term social and economic trends, study author says, and demand not likely to resurge
Former CannTrust leaders acquitted in unlicensed growing trial

Former CannTrust leaders acquitted in unlicensed growing trial

TORONTO — An Ontario court has acquitted three former cannabis leaders charged with offences linked to unlicensed growing at a Niagara area greenhouse. The ex-CannTrust Holdings Inc.
Plaudits for federal critical minerals strategy

Plaudits for federal critical minerals strategy

Mining associations, First Nation industry group praise federal plan
HSBC updates climate policy to stop funding new oil and gas

HSBC updates climate policy to stop funding new oil and gas

LONDON — HSBC, Europe’s biggest bank, announced Wednesday it will no longer finance new oil and gas fields as part of its updated climate strategy.
Drought, lack of rain means BC Hydro must adapt power generation

Drought, lack of rain means BC Hydro must adapt power generation

There's no concern with BC Hydro being able to continue to deliver power through the drought, says a new report.
Rio Tinto, Ottawa partner to invest $737 million in Quebec steel and titanium project

Rio Tinto, Ottawa partner to invest $737 million in Quebec steel and titanium project

MONTREAL — Rio Tinto is partnering with the Canadian government to invest up to $737 million to decarbonize its Rio Tinto Fer et Titane operations in Sorel-Tracy, Que. The plant in southwestern Quebec produces steel, scandium and titanium dioxide.