OTTAWA - Prime Minister Mark Carney is expected to announce Thursday that an oil pipeline to the West Coast will be designated as a project of national interest under the Building Canada Act. Carney is scheduled to be in Fort McMurray, Alta., with Alberta Premier Danielle Smith to deliver the news. It would be the first project to receive the designation since Ottawa passed Bill C-5 more than a year ago. The act gives Ottawa the power to issue special conditions for projects covering a [Read more]
Albertans could save cash at the pumps as gas tax holiday begins
EDMONTON - Albertans filling their tanks may soon be saving cash as the province's gas tax holiday starts today. Premier Danielle Smith's government is pausing its tax of 13 cents per litre on gasoline and diesel until the end of the year to ease the pressure of high everyday costs. It comes as the oil-rich province's treasury reaps the benefit of steep global energy prices. Eligible adults also have until the end of October to apply online for $100 fuel tax rebates that started rolling [Read more]
Alberta extends deadline by one month to apply for $100 affordability rebate
EDMONTON - Alberta's government is extending the application deadline for its $100 affordability rebate by one month. Eligible residents will have until Oct. 31 to apply online for the fuel tax payments announced in June. Also, starting Thursday, the province is pausing its fuel tax for three months to help combat the cost at the pumps. Four months ago, Premier Danielle Smith said the rebate was chosen because of concerns that tax cuts don't always get passed on to consumers. But [Read more]
Soft economy should limit Bank of Canada’s rate hikes: Capital Economics
Trade uncertainty and slowing immigration levels could restrict how high the Bank of Canada's benchmark interest rate goes next year, according to a new report published by Capital Economics on Wednesday. The report argues that the risks plaguing Canada's growth prospects will likely rein in inflationary pressures — limiting the degree of monetary policy tightening needed to keep prices in check. The Bank of Canada has held its benchmark interest rate at 2.25 per cent since last October as [Read more]
Ksi Lisims LNG signs long-term supply deal with Centrica Energy
VANCOUVER - Ksi Lisims LNG LP has signed a long-term supply deal with Centrica Energy for its proposed liquefied natural gas export facility. Under the agreement, the parent company behind British Gas will buy one million tonnes of LNG per year for 20 years. Ksi Lisims LNG has proposed a floating export facility located on the northwest coast of B.C. with capacity for 12 million tonnes of LNG per year. With the Centrica commitment, the company says it has signed agreements covering nine [Read more]
July GDP was flat despite construction, utilities gains: StatCan
OTTAWA - Statistics Canada said gross domestic product growth was essentially unchanged in July, coming down from a strong second quarter for the economy. The agency said the result came despite a 1.3 per cent gain for the construction sector in July, which marked its fourth consecutive month of growth after declines in late 2025 and early 2026. Non-residential building construction saw its best month since the start of 2022, StatCan said, owing primarily to activity around a new hospital [Read more]
LNG Canada to go ahead with Phase 2 expansion project in Kitimat, B.C.
VANCOUVER - LNG Canada says it will go ahead with the Phase 2 expansion project at its liquefied natural gas export terminal in Kitimat, B.C. The expansion will double LNG Canada's capacity to 28 million tonnes a year. It is one of the five initial projects that was referred to Ottawa's major projects office last year. LNG Canada CEO Chris Cooper says the project will create thousands of jobs and further strengthen Canada's role as a trusted energy partner. The first phase project [Read more]
Party leaders make economic, budget promises in Week 2 of B.C. election campaign
VICTORIA - Resource development and making British Columbia an "energy superpower" to grow the economy would allow for a new provincial government to pay down the record deficit, both the NDP and Conservative party leaders said on the campaign trail Monday. Interim Conservative leader Lorne Doerkson promised to double liquefied natural gas production by 2032, if elected, while NDP Leader David Eby announced his government would double the export of critical minerals within five [Read more]
Energy regulator approves Trans Mountain toll settlement
CALGARY - The Canada Energy Regulator has approved a settlement between Trans Mountain Corp. and companies that pay to ship their oil through the Alberta-to-British Columbia pipeline. A commission of the regulator found the agreed-to tolls were "just and reasonable." The decision allows Trans Mountain to contract up to 90 per cent of the pipeline's capacity to shippers, an increase from 80 per cent. Trans Mountain announced the settlement in July following 18 months of [Read more]
Alberta, Ontario premiers set to share stage in Calgary to talk energy policy
CALGARY - Alberta Premier Danielle Smith and Ontario Premier Doug Ford are set to share the stage in Calgary today to talk energy. The leaders will be in the city's downtown to talk about how to best get Canada's natural resources to market in a world of fluctuating politics and conflicts. Smith has placed energy at the centre of her government's agenda, particularly the need to get more oil to the British Columbia coast and from there to markets in Asia. It also comes as Canada [Read more]
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