Cenovus loss widens to $472 million as oil company slashes spending plans

[rwana]

http://i.cbc.ca/1.2871746.1418416308!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_460/canada-cenovus-oil.jpg Cenovus says it plans to cut 15 per cent of its workforce this year and freeze all remaining employee salaries as the oil company posted a quarterly loss of $472 million on Thursday, a figure more than seven times as big as last year's loss.


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