National Business

TORONTO — Strong quarterly results powered the energy and materials sectors higher, helping Canada's main stock index to rebound from its lowest level in three months.

CALGARY — The chief executive of Cenovus Energy Inc.

Two consumer advocacy groups have filed a petition asking the federal cabinet to "set aside" the CRTC's decision to approve the transfer of Shaw Communications Inc.'s broadcast services to Rogers Communications Inc.

CALGARY — The Canadian Association of Petroleum Producers has named Lisa Baiton as its new president and CEO. Baiton replaces outgoing president and CEO Tim McMillan, who has led the oil and gas lobby group for the last eight years.

MONTREAL — Transat A.T. chief executive Annick Guérard says the tour operator is working to improve the long phone-wait times and customer service frustrations plaguing the airline sector throughout the pandemic.

HALIFAX — The company planning to build Canada’s first spaceport in northeastern Nova Scotia says the war in Ukraine has not affected its plans to source rockets from the embattled European country.

Teck Resources Ltd. posted another record quarterly profit Wednesday, putting the company in strong financial position as it gears up for the completion of its massive new QB2 copper mine in Chile later this year.

TORONTO — As Elon Musk moves forward with his efforts to buy Twitter and potentially bring in a range of changes, social media experts say adding an edit feature is not as simple as it seems and could have negative consequences.

DETROIT (AP) — Elon Musk’s request to scrap a settlement with securities regulators over 2018 tweets claiming he had the funding to take Tesla private was denied by a federal judge in New York.

TORONTO — A report by RBC Economics says inflation and rising borrowing costs will affect all Canadian households, but low income Canadians will feel the sharpest sting.