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News
Transat secures $250-million bailout loan from feds as fuel costs slam bottom line
2+ day, 14+ 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…...
N.S. government tables bill to review new regulation system for Nova Scotia Power
3+ day, 10+ 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…...
Enbridge CEO Greg Ebel to retire at end of year, Michele Harradence named next CEO
4+ day, 13+ hour ago (440+ words) CALGARY — The chief executive of Enbridge Inc. is set to retire at year-end, handing the reins to the current head of the energy infrastructure giant's gas utilities business. "Few leaders have shaped Enbridge as profoundly as Greg Ebel," board chair…...
Tamarack Valley Energy and Headwater Exploration sign merger deal
4+ day, 20+ 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…...
MEDIA ADVISORY - Secretary of State McLean to highlight the extension of the federal fuel tax relief for Canadians
6+ day, 14+ hour ago (98+ words) GATINEAU, QC, Sept. 6, 2026 /CNW/ -- The Honourable Stephanie McLean, Secretary of State (Seniors), will be in Nanaimo to highlight the Government of Canada's extension of the federal fuel excise tax suspension to help bring down everyday costs for Canadians. Please note…...
Ottawa extending gas tax holiday to January
1+ week, 3+ day ago (747+ words) OTTAWA — The federal government is extending the suspension of federal fuel excise taxes until the new year to help Canadians feeling the pressure from higher energy costs caused by instability in the Middle East. "For Canada, it means practical relief…...
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…...
Bank of Canada set to make 6th interest rate decision of the year
1+ week, 3+ 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…...
Canada's inflation jumps to 3% on surging gas prices, but the Bank of Canada is expected to hold rates steady
1+ week, 4+ day ago (523+ words) Rising energy costs and travel expenses pushed Canada's annual inflation rate up to 3.0% in July, putting central bank policymakers in a challenging position ahead of their interest rate decision on Wednesday. The acceleration from June's 2.8% rate brings headline inflation to…...
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…...