Forecasters expect energy market volatility to continue in 2019

Some energy experts are predicting even more volatility in 2019 with respect to the financial markets. More than 1,000 people gathered at the 42nd annual Forecaster Dinner at the Telus Convention Centre in Calgary on Thursday, “I’m not going to sugar coat it — we are going to have less investment in Western Canada than we’ve […]

Inflation rate picks up to 2% in December

The cost of living increased at a two per cent annual pace in December, as cheaper energy prices were offset by higher prices for just about everything else. Statistics Canada reported Friday that the cost of food went up by 2.9 per cent in the past year, while alcohol and tobacco products went up by 4.4 […]

Jane Philpott tapped to fill Treasury Board cabinet vacancy

Indigenous Services Minister Jane Philpott has been chosen to fill the cabinet vacancy as president of the Treasury Board, CBC News has learned. Prime Minister Justin Trudeau will shake up his cabinet Monday morning, likely the last change before Canadians head to polls later this year.  Liberal sources also said Veterans Affairs Minister Seamus O’Regan would be moved to replace […]

Canada abetting Washington’s ‘new Cold War’ with Huawei arrest, says economist

The arrest of a Chinese tech executive is yet another example that the U.S. is creating “a new Cold War” in international trade, says economist Jeffrey Sachs, who adds that Canada is abetting its southern neighbour. Canadian officials arrested Meng Wanzhou, the chief financial officer of the Chinese telecommunications firm Huawei, in Vancouver on an extradition […]

Ford government to recall legislature next week to introduce back-to-work bill for power workers

Ontario’s Progressive Conservative government will recall the legislature next week in order to enact back-to-work legislation to keep power workers on the job and prevent widespread outages, a government official has told CBC Toronto. Earlier Thursday, an official had said that the government was prepared to recall the legislature. By the afternoon, it was confirmed that […]

Q&A: The case for more Alberta refineries

Alberta Premier Rachel Notley this week breathed new life into an old NDP pledge to try to build more refineries in the province. More refineries would mean more jobs, more options for Alberta bitumen and more wealth for the province — or so the government’s argument goes. She’s canvassing the industry for private sector interest until Feb. […]

Amid oil price crisis, major energy producer says Canada’s largest pipeline system is ‘dysfunctional’

Canadian Natural Resources is doubling down on its concerns about wasted space on Canada’s biggest oil pipeline, blaming a “dysfunctional” process as one reason for slashing its spending plans next year. It follows complaints the company’s executive vice chairman Steve Laut made last month, saying current rules allow “certain players” to exploit the system by booking pipeline […]

CIBC profit rises, but by less than expected

CIBC reported a higher fourth-quarter profit compared with a year ago, but fell shy of market expectations. The Toronto-based bank said Thursday the profit amounted to $1.27 billion or $2.80 per diluted share for the quarter ended Oct. 31, up from $1.16 billion or $2.59 per diluted share a year ago. On an adjusted basis, […]