Alberta crude oil curtailments remain unchanged despite price recovery

Alberta Energy Minister Marg McCuaig-Boyd says the province is leaving its oil curtailment levels at 325,000 barrels per day for now despite discounts for western Canadian crude that have narrowed to three-and-a-half-year lows. According to Net Energy Exchange, the difference between bitumen-blend Western Canadian Select and New York-traded West Texas Intermediate was about $8.25 US […]

Wind power making gains as competitive source of electricity

It’s taken a decade of technological improvement and a new competitive bidding process for electrical generation contracts, but wind may have finally come into its own as one of the cheapest ways to create power. Ten years ago, Ontario was developing new wind power projects at a cost of 28 cents per kilowatt hour (kWh), the […]

CRTC says cheaper data-only plans on the way

The country’s three national wireless carriers have agreed to offer “broad range” data-only plans through their second- and third-tier brands, including $30-per-month plans with more megabytes than previously suggested, the industry’s federal regulator said Monday. The Canadian Radio-television and Telecommunications Commission ordered Bell, Rogers and Telus in March to come up with low-cost data-only plans to […]

Apple to open $1B campus in Austin, Texas

Apple will build a $1 billion campus in Austin, Texas, break ground on smaller locations in Seattle, San Diego and Culver City, California, and over the next three years will expand in Pittsburgh, New York and Colorado. The tech giant said Thursday that the new campus in Austin, less than a mile from existing Apple […]

From at-home orthodontics to coconut-flavoured floss: Meet the startups disrupting the dental industry

For decades the experience of caring for your teeth looked something like this: Visit the dentist every six or nine months. Take home a new toothbrush from the hygienist. Use it to brush at least twice daily. Repeat. If you or your child needed teeth straightened, you got a referral to an orthodontist, hoped your insurance and savings could cover […]

OPEC could make Canadian oil price crisis even worse

The oil price crisis in Western Canada could deepen next week depending on whether Saudi Arabia, Russia and other countries decide to cut oil production and — if so — by how much. Oil prices in Alberta are the lowest they have been in more than a decade, selling for about $17 US per barrel for Western Canada Select, the […]

Trump threatens to cut GM’s electric car subsidies because of plant closures

U.S. President Donald Trump said Tuesday that he was “very disappointed” that General Motors was closing plants in the United States and warned that the White House was “now looking at cutting all GM subsidies,” including for its electric cars program. Trump unleashed on Twitter a day after GM announced it would shutter five plants […]

$250K investment mystery: Accountant admits in recorded call he doesn’t know where money is

The daughter of a Kingston, Ont., senior who lost $250,000 after his trusted accountant encouraged him to invest in a “questionable” financial scheme says police did little to investigate when the suspected fraud was reported, despite all kinds of suspicious documents and the loss of the bulk of her father’s retirement savings. “I approached the [Kingston] […]

Iran sanctions may have little impact in Canada, except on oil prices

The fresh round of sanctions the U.S. imposed on Iran Monday threatens to close off all channels of international banking to the regime, but is unlikely to affect Canadian businesses. The sanctions aim to block Iran’s oil exports, but the impact on oil prices may have already worked its way through the markets, though there […]