Oil prices spike after OPEC countries decide on production cut

Oil prices spiked sharply higher Friday after OPEC countries agreed to a proposal that would see global oil production reduced by 1.2 million barrels a day. Following a morning meeting of the Organization of the Petroleum Exporting Countries, Iraq Oil Minister Thamir Ghadhban told reporters the proposed cut would be made up of 800,000 barrels […]

Auto sales dip 9.4% in November, marking 9 months of declines

Auto sales in Canada were down for the ninth straight month in November, dipping 9.4 per cent to 143,668 vehicles. This year will mark the first since 2009 that auto sales have not expanded, but 2018 will still be second only 2017 in sales volume, according to DesRosiers Automotive Consultants Inc. Annual sales are 44,000 […]

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 to mark a new record annual profit of $12.4 billion. The Toronto-based bank’s results for the three-month period ended Oct. 31 were driven by strong performances in its personal and commercial banking, capital markets, wealth […]

As Via Rail prepares to announce winning bid for trains, Garneau warns Bombardier can’t be favoured

Free trade agreements with Europe and the United States prevent Via Rail from favouring Bombardier in the awarding of contracts, federal Transport Minister Marc Garneau says. Garneau reacted this morning to a report that Via Rail is preparing to award a $1-billion contract for new trains to the German firm Siemens AG. La Presse reported […]

How did Black Friday eclipse Boxing Day in Canada?

The once-uniquely American shopping tradition of Black Friday is now bigger in Canada than Boxing Day. That’s according to the Retail Council of Canada’s (RCC) annual Holiday Shopping Survey, which showed that 40 per cent of Canadian consumers plan to open their wallets on the day after American Thanksgiving compared to the 35 per cent who plan […]

Want it tomorrow? Some online shopping habits are terrible for the environment

Have you ever picked two-day shipping because it’s free with an Amazon Prime membership? Or returned an item of clothing using the free return shipping label because you weren’t sure which size to buy, so you bought more than one? What you may not have realized is those convenient perks can drastically expand the carbon […]

Agribition panelists encourage Sask. First Nations to explore economic potential of cannabis production

Cannabis has been a hot topic all year — and a Wednesday panel discussion at the Western Canadian Agribition aimed to explore the economic potential for First Nations communities following legalization of recreational pot. The annual livestock show and agriculture festival, which kicked off at Evraz Place in Regina on Monday, featured an Indigenous Agriculture Summit on Wednesday, […]

Swoop to resume flights to U.S. after receiving final operating approval

Swoop is resuming all scheduled flights to the U.S. after receiving its final operating approval. The discount subsidiary of WestJet Airlines says flights that have been cancelled will resume starting Saturday. The affected flights were from Hamilton, Ont., and Abbotsford, B.C., to Las Vegas and various cities in Florida. An inaugural flight from Edmonton to […]