Canada's Oil Boom Meets Trade War Reality as BoC Watches Closely

$2.8 billion — Cenovus Energy's Q2 profit, a threefold increase driven by record oilsands production and Iran war-inflated oil prices hitting US$100 a barrel. Canada's energy giant expects to produce 1 million barrels per day in July, ahead of schedule.

Money Moves

• Cenovus Energy triples profits — Q2 earnings surged to $2.8 billion on record oilsands production and elevated crude prices, with CEO Jon McKenzie calling it a "major investment...