business

The chairman of MEG Energy Corp. has paused a shareholder meeting on a proposed takeover by Cenovus Energy Inc. to address an unspecified regulatory matter. Source link

MEG board chair James McFarland twice paused the meeting Thursday to address a last-minute “regulatory inquiry” before adjourning it until Nov. 6. Source link

In the small Alberta town of Cochrane, an eclectic group of engineers and athletes at Garmin Canada are helping to fuel the explosive growth of fitness watches and wearables. Source link

The U.S. Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. Source link

Since the launch of ChatGPT in 2022, Nvidia’s shares have climbed 12-fold as the AI frenzy propelled the S&P 500 to record highs, igniting a debate on whether frothy tech valuations could lead to the next big bubble. Source link

Nvidia made history on Wednesday as the first company to reach $5 trillion in market value, powered by a stunning rally and global artificial intelligence boom. Source link

The Bank of Canada lowered interest rates by 25 basis points to 2.25 per cent on Wednesday. Source link

Some Alberta ranchers hope that branching into tourism will help shore up their family farms to last another generation — though the accommodations might seem a little quirky. Source link

Shares of Cameco Corp. rose more than 20 per cent after the company and Brookfield Asset Management Ltd. announced a partnership agreement with the U.S. government to help build nuclear reactors in the United States. Source link

Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting costs elsewhere. Source link