Overflowing production continues to dampen oil prices as Alberta premier mulls solutions

Oil market analyst Kevin Birn likens Western Canada’s crude supply to a bathtub with a drain that’s too small to…

Continue Reading →

Royal Bank profit rises to record $12.4B for the year

Royal Bank of Canada reported a 15 per cent increase in fourth-quarter net income to $3.25 billion, surpassing analyst expectations…

Continue Reading →

Samsung apologizes for illnesses at chip, liquid display factories

Samsung Electronics apologized Friday for illnesses and deaths of some of its workers, saying it failed to create a safe…

Continue Reading →

Ottawa’s plan to set up a national securities regulator would be constitutional, Supreme Court rules

The Supreme Court of Canada says the Constitution allows Ottawa and the provinces to set up a national securities regulator.…

Continue Reading →

Greater Toronto home sales in October up 6% from year ago

The Toronto Real Estate Board is reporting a six per cent increase in home sales last month compared to the…

Continue Reading →

Market jitters lead to more declines as investors face growing risks

It’s been a shaky month for investors in North American markets. Tuesday saw benchmark stock indexes register more triple-digit declines…

Continue Reading →

Bargain price oil: How long will it last?

As oil from Alberta and Saskatchewan continues to sell at record discounts, American refineries are enjoying lucrative profit margins at the expense…

Continue Reading →

Up to $500M to replace Enbridge twin pipelines connecting Great Lakes

A new pipe is replacing a pair of 65-year-old crude oil pipes connecting two of the Great Lakes after Mich. Gov.…

Continue Reading →

Oil prices at highest levels in 4 years

Oil prices were at their highest levels since 2014 in trading Monday, after the Organization of Petroleum Exporting Countries decided…

Continue Reading →