Spill raises new questions about fast-growing N.L. oil industry

Newfoundland and Labrador’s ambitious plans to dramatically expand the province’s lucrative offshore oil and gas industry got a nasty jolt on Nov. 16. Amid a fierce winter storm, an estimated 250,000 litres of oil spilled into the ocean from Husky Energy’s SeaRose platform, about 350 kilometres from St. John’s. It was the largest spill in […]

Cannabis legalization voted Canadian Press’s business story of the year

Canada’s trailblazing move to legalize cannabis for recreational use, which sparked an entirely new industry and had wide-ranging implications for nearly every facet of society, has been voted The Canadian Press business news story of the year. The term “disruption” in business has become so overused that it has become an empty cliché, but it […]

Canada Goose shares slump another 4% after chain delays Beijing store launch

Shares in Canada Goose were slumping on Friday after the iconic parka maker delayed opening its first permanent store in mainland China, a move that comes amid a growing anti-Canadian backlash in that country. The company’s TSX-listed shares were off almost five per cent to $69.72 near midday on Friday, the seventh day out of the […]

Some hard truths for Western politicians on Quebec, equalization and oil

It’s been open season on the Quebec government since it was revealed the province will be getting a $1.4-billion boost in its equalization payment next year. Western politicians in particular have cried foul. Saskatchewan Premier Scott Moe called Quebec’s allotment “problematic” in an interview with The Globe and Mail. Alberta’s finance minister, Joe Ceci, said it was […]

China pressures U.S., Canada ahead of hearing for Huawei exec

China raised the pressure on the United States and Canada as a bail hearing for a top Chinese technology executive was set to resume Monday in Vancouver. A headline in a Communist Party newspaper called Canada’s treatment of Meng Wanzhou, the chief financial officer of Huawei Technologies, “inhumane.” The Global Times editorial published in Monday’s […]

Huawei CFO argues she’s not a flight risk, seeks bail to remain in Vancouver

A top executive of China’s Huawei Technologies argued that she should be let out on bail while awaiting an extradition hearing due to her ties to Vancouver and fears for her health while incarcerated in Canada, court documents released on Sunday showed. Huawei Chief Financial Officer Meng Wanzhou is fighting to be released on bail […]

Alberta bets on oil production cuts but industry remains divided on market intervention

Premier Rachel Notley said it would be one of the toughest decisions that Albertans would make as a province. And now she’s made it. Beginning January, Alberta will impose mandatory production cuts on the energy sector for the first time in decades — a measure aimed at reducing an oil glut that’s punished the price of Canadian crude. “In Alberta, […]

Trudeau, Trump and Pena Nieto to sign new USMCA trade agreement in Argentina

Prime Minister Justin Trudeau, U.S. President Donald Trump and Mexican President Enrique Pena Nieto will sign the new United States-Mexico-Canada-Agreement on continental trade in Argentina tomorrow morning. While Foreign Affairs Minister Chrystia Freeland will be present at the event, the three leaders themselves will sign the new trade deal. Even after the deal is signed, it remains a long way […]

72-year-old woman forced off Air Transat flight after requesting a barf bag before takeoff

When 72-year-old Anna Stratakos asked a flight attendant for a barf bag, she never imagined it would lead to Air Transat forcing her off the flight, leaving her stranded at the Athens airport. “You don’t know what happened to me that day, what I’ve been through,” said the grandmother, who cried while retelling her story […]