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News
Transat secures $250M in new federal aid as fuel costs slam bottom line
3+ day, 18+ hour ago (394+ words) Transat A.T. Inc. has secured an additional $250 million in emergency financing from the federal government after high fuel costs drove it further into the red last quarter. The new low-interest line of credit from the Canada Enterprise Emergency Fund comes on…...
Officials break ground on massive carbon capture project in central Alberta
4+ day, 10+ hour ago (288+ words) A village in central Alberta is on track to house the country’s largest carbon capture project. Enhance Energy Inc., a carbon management company, says it has broken ground on its Origins project in Clive, Alta., about 140 kilometres south of Edmonton....
Ottawa extending gas tax holiday to January
1+ week, 4+ day ago (545+ words) 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 at…...
Bank of Canada holds key rate in 6th interest rate decision of the year
1+ week, 4+ day ago (294+ words) The Bank of Canada held its benchmark interest rate steady at 2.25 per cent for a seventh consecutive decision today. The central bank has been on the sidelines since late last year and was widely expected to remain on hold heading…...
Bank of Canada set to make 6th interest rate decision of the year
1+ week, 4+ day ago (149+ words) 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 policy…...
Alberta minister faces more fury at second town hall on AI data centres
3+ week, 2+ day ago (614+ words) Alberta's technology minister faced yet another firing line of fury at the government's second town hall hearing from residents over its plan for artificial intelligence data centres. Nate Glubish was peppered with profanity from audience members at the Thursday event…...
Alberta technology minister met with jeers at first town hall over AI data centres
3+ week, 4+ day ago (672+ words) Alberta's technology minister was jeered, badgered and booed late Wednesday by a room packed with hundreds of people over the province's plans for an artificial intelligence data centre. Nate Glubish was in the central town of Lacombe for the first…...