Business Brief: A different kind of oil sands gusher

Hello everyone, this is Tim Shufelt filling in for Chris Wilson-Smith the next couple of days. Today, we’re talking about the oil sands, where Canadian Natural Resources Ltd. has made a move that will allow the company to simultaneously increase production while raising cash payouts to shareholders. More on that below., marking the second round of job cuts this year as part of an attempt to reset the innovation support organization’s business model under a new CEO.

TSX futures were negative as crude prices declined on waning Middle East fears, and fading optimism about China’s stimulus weighed on metal prices.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Brief: At TD, a new CEO faces a tall orderAlso in today’s edition: How Canada’s middle class got shafted
Source: globebusiness - 🏆 31. / 66 Read more »

Business Brief: The true price of Indonesia’s nickel boomAlso in today’s edition: Francis Ford Coppola on self-financing a passion project
Source: globebusiness - 🏆 31. / 66 Read more »

Business Brief: Five takeaways from a whirlwind weekAlso in today’s edition: Why it’s not time to panic about consumer insolvencies – yet
Source: globeandmail - 🏆 5. / 92 Read more »

Business Brief: Coastal labour strife crunches supply chainsAlso in today’s edition: Let’s dig a giant tunnel
Source: globebusiness - 🏆 31. / 66 Read more »

Business Brief: The growing mess at Eagle mineAlso in today’s edition: A week of reports will paint a picture of the world‘s economic health
Source: globebusiness - 🏆 31. / 66 Read more »

Business Brief: Why Apple’s new iPhone actually mattersAlso in today’s edition: A look at the week ahead
Source: globeandmail - 🏆 5. / 92 Read more »