OTTAWA - Canada's economy is still struggling to grow but some economists weighing in on the latest real gross domestic product results Friday argued that weakness may not qualify as a recession. StatCan reported Friday that the economy stalled in the first quarter of the year. While real GDP by expenditure was flat on a quarter-by-quarter basis, converting that to an annualized rate — the figure most economists pay close attention to — magnifies the quarterly changes and results in a [Read more]
Steven Guilbeault to announce resignation as member of Parliament on Wednesday
OTTAWA - Former cabinet minister Steven Guilbeault is set to resign as a member of Parliament, sources have told The Canadian Press. Guilbeault is expected to inform the Liberal caucus on Wednesday. Guilbeault has become increasingly disillusioned in recent months by what he has called the dismantling of climate policies under Prime Minister Mark Carney. He quit Carney's cabinet last year after Ottawa's energy deal with Alberta was made public. In November 2025, Carney and Alberta Premier [Read more]
Reported Germany-Canada LNG deal would bolster investment case for Ksi Lisims: Eby
KANANASKIS - British Columbia Premier David Eby says a deal for Canada to supply liquefied natural gas to Germany makes it more likely the Ksi Lisims project on the West Coast will proceed. Eby made his remarks after multiple outlets reported German firm SEFE is poised to buy gas from the proposed $10-billion plant and export terminal near the border with Alaska. Natural Resources Minister Tim Hodgson is poised to make an announcement "regarding international energy exports" in Vancouver [Read more]
N.S. premier says province is in talks with onshore natural gas proponent
HALIFAX - Nova Scotia’s premier says his government is about to start negotiations with a company that could frack for natural gas in the province. Tim Houston told reporters Monday that seven companies responded to a call for firms interested in natural gas exploration. He says his government is about to start talks with one of the companies before deciding on regulatory approvals and financial incentives. Houston, who is also Nova Scotia's energy minister, said he expects the other [Read more]
No Pathways, no pipeline: How the massive carbon storage project would work, if built
CALGARY - There's no pipeline without Pathways and no Pathways without a pipeline. That was the quid pro quo spelled out in a sweeping energy accord signed between Alberta and Ottawa in November. Alberta is spearheading early planning and regulatory work on a potential new one-million-barrel-a-day pipeline to the West Coast that would provide an outlet for increased oilsands production and boost exports to Asia. But the "grand bargain" with Ottawa to help clear the way for the pipeline [Read more]
Pembina Pipeline going ahead with $570M Heartland extraction project
CALGARY - Pembina Pipeline Corp. says it's going ahead with its $570-million Heartland extraction plant project. The 750-million-cubic-feet-per-day straddle plant will extract natural gas liquids under Pembina's extraction rights on the Yellowhead Pipeline. It is expected to enter service in late 2029. Pembina has also signed a long-term agreement at the Heartland project to supply Dow with ethane beginning in late 2029, scaling to 22,500 barrels per day by the end of 2030. In [Read more]
‘Pack your patience’: Fuel shortages keeping Canadians’ summer travel plans in flux
With airline tickets growing more expensive and customers facing the risk of cancelled flights, insurance experts are advising those with summer travel plans to stay on their toes. Air carriers are continuing to grapple with sky-high jet fuel costs, an offshoot of Iran's ongoing closure of the Strait of Hormuz, which has led to soaring oil prices globally since late February. Like their international peers, Canadian airlines have been consolidating some flights and adding fuel surcharges, [Read more]
Keyera AltaGas and CN to go ahead with new rail terminal project
CALGARY - Keyera Corp., AltaGas Ltd. and Canadian National Railway Co. have announced a plan to go ahead with a new $240-million rail terminal project. Under the plan, Keyera will build and own the Alberta Corridor Export Rail Terminal on land it owns. The project will be supported by long-term commercial arrangements with AltaGas and CN. The terminal is expected to provide transportation capacity for the shipment of about 45,000 barrels per day of propane and butane from the Fort [Read more]
Alberta’s timing targets for West Coast pipeline ‘best-case scenario’: CIBC analysts
CALGARY - Analysts at CIBC World Markets say the timeline the Alberta government set out for construction to begin on a potential new West Coast oil pipeline reflects a best-case scenario. The province aims to submit a proposal to the federal major projects office by July 1, have it designated a project of national interest by Oct. 1 and have shovels in the ground as early as Sept. 1, 2027. The Alberta government laid out those targets after it and Ottawa finalized one of the last [Read more]
Carney, Smith confirm energy announcement coming Friday
CALGARY - Prime Minister Mark Carney and Alberta Premier Danielle Smith say they'll be in Calgary on Friday to announce the next step in their landmark energy pact. Carney says it will feature an implementation agreement on industrial carbon pricing and advance a potential new pipeline. Neither he nor Smith shared more details, but the premier told the legislative assembly it would be another step toward resetting the province's relationship with Ottawa. The memorandum of understanding signed [Read more]
- « Previous Page
- 1
- …
- 11
- 12
- 13
- 14
- 15
- …
- 548
- Next Page »