After remaining tied for most of the second quarter, oil prices have mounted a significant rally, with first-month Brent gaining over 10% since the beginning of the month to trade at $ 83.30 a barrel. This marks the first time the contract has settled above the main 200-day moving average in nearly a full year. … Read more
Peter Boer / Bloomberg / Getty Images / File Petrol tanker trucks parked outside Shell Pernis refinery in Rotterdam, Netherlands, in October 2022 London CNN — Shell and TotalEnergies have reported a steep drop in second-quarter profits after oil and gas prices fell from record levels reached after Russia’s full-scale invasion of Ukraine 17 months … Read more
BRAMPTON, Ont. – Large global suppliers are the highest running costs for Loblaanair Companies Ltd. the firm said as it released earnings for the second quarter that showed profits despite lower gross margins. “We have received double-digit growth from the same suppliers that gave us double-digit growth last year. That’s why you see … Read more
Open this photo in the gallery: People attend a Cineplex movie theater as indoor dining restaurants, gyms and movie theaters reopen under Phase 3 rules from COVID-19 restrictions in Toronto, Ontario, Canada on July 31, 2020.CARLOS OSORIO / Reuters Almost a million and a half Canadians visited a Cineplex cinema during last weekend’s Barbenheimer bonanza, … Read more