Shanti S Nair

CannTrust slumps after Health Canada finds unlicensed pot cultivation

09 Jul 2019

CannTrust Holdings Inc's shares plunged about 23% to a more than one-and-half-year low on Monday, after Health Canada found the weed producer grew cannabis in unlicensed rooms, and then restricted the company from clearing its inventory.

Exxon quarterly profit to feel pinch of weaker natural gas, chemical earnings

02 Jul 2019

Exxon Mobil Corp said on Monday lower natural gas and chemical margins in its second quarter would offset improved crude and refining operations, pointing to flat profits sequentially and down from a year-earlier.

U.S. insurer Chubb pulls back from coal

01 Jul 2019

Chubb Ltd will become the first U.S. insurer to phase out its coal investments and insurance policies, saying on Monday it will no longer sell insurance to or invest in companies that make more than 30% of their revenue from coal mining.

Hudson's Bay Co sales slump, optimistic about China trade impact

14 Jun 2019

Canadian department store operator Hudson's Bay Co on Thursday posted a wider-than-expected loss as sales at its Lord & Taylor unit fell, but said it was optimistic about its ability to deal with the impact of U.S. tariffs on Chinese goods.

Construction firm SNC-Lavalin names interim CEO, announces strategic review

11 Jun 2019

SNC-Lavalin Group Inc, weighed by weakness in its mining division and a surprise loss last month in its construction business, named an interim CEO and announced a quick strategic review on Tuesday, boosting its slumping shares as investors hoped for a turnaround.

Oil producer Canadian Natural doubles down on Canada in $2.8 billion deal with Devon

30 May 2019

Oil and gas producer Canadian Natural Resources Ltd said on Wednesday it would buy the Canadian assets of U.S.-based Devon Energy Corp for C$3.8 billion ($2.81 billion) in cash, investing further in Canada's struggling energy sector as some rivals divest.

Canadian oil producer Husky Energy cuts long-term spending to boost cash flow

28 May 2019

Husky Energy Inc on Tuesday nearly doubled its free cash flow target over five years as it cut its planned capital spending at a time when investors have been calling on oil and gas companies to shore up capital for buybacks and dividends.

Chesapeake sees growth from less-crowded Wyoming basin in second half

08 May 2019

Oil and gas producer Chesapeake Energy Corp on Wednesday reported better-than-expected quarterly production and said it expects growth in the second half to get a boost from the less-crowded Powder River Basin in Wyoming.

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