Category: Technology

Cenovus produces one billionth barrel from thermal oilsands operations

CanadianInvestor
Cenovus produces one billionth barrel from thermal oilsands operations
CALGARY — Cenovus Energy Inc. says its thermal oilsands operations in northern Alberta produced their one billionth barrel of bitumen on Wednesday. The milestone comes about 18 years after Cenovus’ Foster Creek facility was launched in 2001 as the first commercial oilsands project to use steam-assisted gravity drainage technology or SAGD. Its sister project at Christina Lake began producing oil a year... Read More

Cogeco’s additions of U.S. internet subscribers was Q3 bright spot, analysts say

CanadianInvestor
Cogeco’s additions of U.S. internet subscribers was Q3 bright spot, analysts say
MONTREAL — Analysts say they are surprised by the reported financial and subscriber strength of Atlantic Broadband, the main U.S. subsidiary of Montreal-based cable and internet provider Cogeco Communications Inc. Notes issued by RBC Dominion Securities and Canaccord Genuity say Cogeco added more than 14,000 internet subscribers in the United States during the company’s fiscal third quarter ended May 31. They also... Read More

Boeing deliveries of 737 tumble in 2nd quarter

CanadianInvestor
Boeing deliveries of 737 tumble in 2nd quarter
CHICAGO — Deliveries of Boeing’s 737 aircraft tumbled in the second quarter, as the company continues to deal with repercussions following two deadly crashes. Boeing said Tuesday that it delivered 24 737s in the second quarter, down sharply from the 89 delivered in the first quarter. The announcement comes a day after Boeing said Saudi airline Flyadeal, the budget airline... Read More

Energy and tech sectors help lift TSX composite, U.S. stock markets mixed

Editor
Energy and tech sectors help lift TSX composite, U.S. stock markets mixed
TORONTO — Gains in the energy sector and technology stocks helped boost Canada’s main stock index in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 58.35 points at 16,521.30. In New York, the Dow Jones industrial average was down 82.74 points at 26,723.40. The S&P 500 index was down 0.53 of a point at... Read More

Swoop hit by ongoing wave of flight cancellations as passengers vent frustration

Editor
Swoop hit by ongoing wave of flight cancellations as passengers vent frustration
CALGARY — Hundreds of Swoop passengers are scrambling after the ultra-low-cost airline cancelled or delayed 23 flights over the past four days. Swoop says the wave of cancellations, which affected flights between July 5 and July 10, was caused by “unscheduled maintenance.” Frustrated travellers took to Twitter, complaining that the airline rebooked them on Swoop flights up to five days... Read More

Cause of wireless outage unclear; Telus, Bell say it originated with other carriers

CanadianInvestor
Cause of wireless outage unclear; Telus, Bell say it originated with other carriers
TORONTO — The cause of a Rogers Wireless service outage that began Sunday remains unclear but the company says “a very limited number” of customers are still experiencing intermittent interruptions to voice calls. The problems with Rogers mobile phone calls seem to have also affected other carriers. Telus says its customers began reporting an inability to receive or place voice calls with... Read More

Outage problems at Rogers Wireless causing voice service issues

CanadianInvestor
Outage problems at Rogers Wireless causing voice service issues
TORONTO — Rogers Wireless says customers may experience intermittent issues making or receiving wireless voice calls. In a message on its website, the company said it was experiencing an outage that was affecting many wireless customers. It said “some customers may be intermittently experiencing dropped calls or are unable to place or receive calls on their mobile phone or wireless home... Read More

Desjardins helps members access protection who were victims of data theft

CanadianInvestor
Desjardins helps members access protection who were victims of data theft
MONTREAL — Desjardins Group announced additional measures Friday to help its members who were victims of data theft and are having difficulty accessing Equifax’s protection service. Guy Cormier, Desjardins Group’s president and chief executive, says the Equifax service has improved in the last 24 hours with shorter delays and a simplified identification process. The company announced last month that a former employee shared... Read More

Report: Univision might be shopping for a buyer

CanadianInvestor
Report: Univision might be shopping for a buyer
SAN FRANCISCO — A report says Spanish-language television network Univision could be considering a sale from its private equity owners. Univision confirmed it is “reviewing strategic options” and has hired outside advisers after a report in The Wall Street Journal said it was looking at options, including potentially a sale. Univision competes with fellow Spanish-language network Telemundo in the U.S.... Read More

Commissioner recommends updating privacy laws to prepare for smart cities

CanadianInvestor
Commissioner recommends updating privacy laws to prepare for smart cities
TORONTO — Ontario’s information and privacy commissioner is calling on the provincial government to review and modernize its privacy laws to prepare for the “risks inherent” with smart cities. In his recent annual report, Brian Beamish said smart city projects have many potential benefits, but they must not come at the expense of privacy. The technology involved is able to... Read More