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News
Enbridge buying Salt Creek Midstream's crude oil gathering business for US$600M
2+ week, 4+ 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…...
TSX gains ground despite new U.S. tariffs, markets south of the border mixed
2+ week, 5+ day ago (502+ words) third-quarter results this week. "Canadian banks are trading historically at a higher multiple than the U.S....
TSX up over 250 points on basic materials strength, U.S. markets also positive
1+ week, 3+ day ago (473+ words) TORONTO — Canada's main stock index rose more than 250 points Wednesday, helped by strength in the basic materials sector, while U.S. markets also gained ground. The S&P/TSX composite index was up 265.88 points at 36,091.61. Canadian investors kept a close eye…...
S&P/TSX composite down nearly 300 points as deadline for 50% tariffs from U.S. nears
3+ week, 4+ day ago (506+ words) TORONTO — Canada's main stock index lost ground on Tuesday as the midnight deadline neared for the U.S. to impose a 50 per cent tariff on some $28-billion worth of Canadian goods. Canada-U.S. Trade Minister Dominic LeBlanc and the country's chief…...
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…...
Bank of Canada's Sept. 2 rate call could mark sixth straight hold at 2.25% — and mortgage holders need a plan
2+ week, 6+ 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…...
N.S. government tables bill to review new regulation system for Nova Scotia Power
3+ day, 20+ hour ago (180+ words) HALIFAX — The premier of Nova Scotia Premier says his government is triggering a review into how the province's major power utility earns its income in order to see whether this leads to better service and accountability. Houston, who is also…...
Ontario woman's $1,650 furnace 'rebate' from a Facebook ad turned out to be a 20-year, $12,000 loan
1+ hour, 31+ min ago (739+ words) Colleen Carter of Courtice, Ont., thought she'd found a way to cut the cost of a new furnace. In April, she clicked a Facebook ad promising a rebate for home heating upgrades, and a salesperson called her almost right away…...
Tamarack Valley Energy and Headwater Exploration sign merger deal
5+ day, 5+ 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…...
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…...