Canada’s main stock index sustains largest loss in more than a month

Canada’s main stock index sustained its largest loss in more than a month while the loonie regained lost ground after the Canadian economy grew slightly faster than economists had expected in July. The Canadian dollar traded at an average of 77.25 cents US compared with an average of 76.66 cents US on Thursday, boosting expectations […]

Alberta, oilpatch begin public fight with federal government over new fuel regulation

A private spat between Alberta and the federal government is becoming a public fight focused on Ottawa’s proposed clean fuel standard — a measure aimed at reducing greenhouse gas emissions with significant economic consequences for many industries, including the oil and gas sector.  The Alberta government fears the new regulation could harm the province’s economy, which is […]

Infrastructure agency hands $1.28B loan to Montreal rail project

The nascent federal agency designed to find new ways to finance construction of transit systems is making its first investment in a multibillion-dollar electric rail system in Montreal. The Canada Infrastructure Bank says it will provide a $1.28-billion loan to help build the system, best known by its French acronym REM. The loan includes an […]

Trump threatens auto tariffs against Canada if trade talks fail

Donald Trump launched a fresh auto tariff threat against Canada late Friday at a time when Ottawa finds itself in a holding pattern on NAFTA negotiations as it awaits the completion of one-on-one talks between the United States and Mexico. In a tweet that appeared to reference NAFTA’s renegotiation, the U.S. president said the “deal […]

CPP Fund grows to $366.6B at end of June

Canada Pension Plan Investment Board says its main fund grew to $366.6 billion of net assets at the end of June, up $10.5 billion from the end of March. The Toronto-based fund manager says CPP Fund’s gain included $3.9 billion of net contributions from the Canada Pension Plan and $6.6 billion from its investments, after […]

1.4 million Ram pickups recalled for tailgates that can unexpectedly open

Fiat Chrysler is recalling more than 1.4 million Ram pickups in the U.S. and Canada because tailgates with power locks can open while the trucks are moving. The recall covers Ram 1500, 2500 and 3500 pickups from the 2015 through 2017 model years. The company said in U.S. and Canadian government documents that if the tailgates […]

GM sideswiped by trade war; cuts outlook as prices rise

General Motors, facing rising commodity costs in a trade showdown with Europe and elsewhere, cut its outlook for the year. The diminished expectations overshadowed a strong second quarter and shares tumbled more than seven per cent in early trading. The rest of the auto sector was dragged down as well on Wednesday. Ford Motor Co., which […]

‘It’s erratic’: Sluggish sales force Calgary shops to up their game

Having run her home decor and art business for 45 years, Pamela Haight has experienced countless ups and downs. The recent recession in Alberta counts as one of the more trying times for her store, Rubaiyat, on the southern edge of Calgary’s downtown. The recession is over, but Haight – like many retailers – is struggling […]

General Electric to spin off health-care unit, divest Baker Hughes stake

General Electric Co. said on Tuesday it will spin off its health-care business and divest its stake in oil-services firm Baker Hughes, effectively breaking up the 126-year-old conglomerate which was once the most valuable U.S. corporation and a global symbol of American business power. The slimmed-down company will focus on jet engines, power plants and […]