Canada’s TC Energy laying off staff

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Economy

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



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