Economy
06 June 2023, 8:23 pm 1 minute
Reuters exclusively reported that Canada’s energy infrastructure company TC Energy was planning to cut jobs, just a week after Suncor Energy unveiled plans to lay off 1,500 jobs. A spokesperson for TC Energy told Reuters that the company was downsizing to optimize its business. TC shares rose 1.1% backing a decline in the broader Canadian share market.
Market Impact
After Reuters exclusively reported the plan, TC shares rose 1.1%, backing a decline in the broader Canadian share market.
Article Tags
Topics of Interest: Economy
Type: Reuters Best
Sectors: Economy & Policy
Regions: Americas
Countries: Canada
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story