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News
Enbridge buying Salt Creek Midstream's crude oil gathering business for US$600M
2+ week, 3+ day ago (169+ words) CALGARY — Enbridge Inc. says it has signed a deal to buy Salt Creek Midstream's crude oil gathering business in the Delaware basin for US$600 million in cash. The deal includes full ownership of the Orla and Wink North systems and…...
Bank of Canada's Sept. 2 rate call could mark sixth straight hold at 2.25% — and mortgage holders need a plan
2+ week, 5+ day ago (774+ words) Canadian mortgage holders and prospective homebuyers are looking ahead to September 2, when the Bank of Canada will issue its next interest rate decision. If central bank policymakers maintain the status quo, it will mark the sixth consecutive announcement in which…...
Transat secures $250-million bailout loan from feds as fuel costs slam bottom line
2+ day, 16+ hour ago (813+ words) MONTREAL — Transat A.T. Inc. has secured an additional $250 million in federal aid after high fuel costs drove it further into the red last quarter, as the travel company struggles to boost fares without losing customers. The new low-interest line of…...
Trump boasts Keystone XL as trade talk win. It's not clear it was ever off the table.
3+ week, 3+ day ago (752+ words) OTTAWA — U.S. President Donald Trump boasted Tuesday about reviving the Keystone XL pipeline project, touting it as a win in trade negotiations with Canada. "The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from…...
TSX gains ground despite new U.S. tariffs, markets south of the border mixed
2+ week, 5+ day ago (502+ words) TORONTO — Canada's main stock index finished in positive territory Monday despite new U.S. tariffs. "You're seeing industrials for example in Canada are struggling. Autos across the board are down quite a bit, both Canada and the U.S., but gold is…...
Tamarack Valley Energy and Headwater Exploration sign merger deal
4+ day, 22+ hour ago (155+ words) CALGARY — Tamarack Valley Energy Ltd. and Headwater Exploration Inc. have signed a merger deal valued at $10 billion that they say will bring together their operations in the Clearwater region in Alberta. Under the proposed transaction, Headwater shareholders will receive one…...
TSX up over 250 points on basic materials strength, U.S. markets also positive
1+ week, 3+ day ago (473+ words) expected by economists. Theresa Shutt, chief investment officer at Harbourfront Wealth Management, said...said. "That may lead businesses to delay investment and hiring decisions until that trade picture...
Bank of Canada set to make 6th interest rate decision of the year
1+ week, 4+ day ago (162+ words) OTTAWA — The Bank of Canada is set to make its sixth interest rate decision of the year this morning. Most economists and financial markets favour another rate hold from the central bank today. The Bank of Canada has held its…...
S&P/TSX composite down nearly 300 points as deadline for 50% tariffs from U.S. nears
3+ week, 4+ day ago (506+ words) happening. Pierre-Benoît Gauthier, vice-president of investment strategy at IG Wealth Management, said the tariffs...
Quebec and Newfoundland and Labrador reach energy agreement
3+ week, 5+ day ago (740+ words) ST. JOHN'S — Hydro utilities in Quebec and Newfoundland and Labrador have reached a non-binding agreement to share energy from Labrador, with help from the federal government. Prime Minister Mark Carney and the premiers of both provinces were on hand to…...