CALGARY - A drilling rig was being retooled in Alberta. Trucks and cranes were set to ship from Denmark. More equipment was due from Houston. And a Quebec shipping firm was preparing to receive cargoes from those far flung locales at a port west of Montreal, load them Tetris-style onto vessels and sail this fall to Greenland's rugged and inhospitable east coast. All this, in preparation for what would be the first oil wells to be drilled in the barren tundra of Jameson Land Basin. But [Read more]

EDMONTON - Alberta Premier Danielle Smith is pushing her message for an end to the fierce U.S.-Canada trade war directly to Americans. Smith, appearing on the Fox Business Network, says Canadians are confused and disappointed by U.S. President Donald Trump's recent effort to rebrand Lake Ontario as Lake America. She says it's particularly confounding given the two countries' long-standing economic and military relationship. Smith says Canadian troops stood shoulder-to-shoulder with [Read more]

FREDERICTON - The New Brunswick government has granted conditional approval for a 500-megawatt natural gas plant. The green light comes after an environmental impact assessment and is based on a series of 45 conditions that must be met by the company building the station. The province's public utility NB Power says it needs the project to meet a sharp increase in power demand by 2028. The corporation has a 25-year contract with Missouri-based ProEnergy to set up 10 natural gas turbines [Read more]

SASKATOON - Inflated oil prices from war in the Middle East were not enough to pump Saskatchewan's budget out of a projected deficit, which stayed nearly static at $825.2-million. Original budget projections made in March for the 2026-27 fiscal year put the province in an $819.4-million deficit. In the provincial fiscal update Thursday, both Saskatchewan's expected annual revenue and expenses rose for the fiscal year, ending in March 2027. Saskatchewan budgeted West Texas Intermediate – [Read more]

CALGARY - Alberta’s finances have swung back in the black after war in the Middle East sent global energy prices surging. The province’s latest fiscal update predicts a $2-billion surplus — a huge turnaround from the $9.4-billion deficit originally expected for the 2026 fiscal year. It's the latest reversal of fortune for the oil-rich province perennially tied to international energy markets. Six months ago, the province anticipated West Texas Intermediate – the North American benchmark [Read more]

OTTAWA - "WE DON'T NEED CANADA, THEY NEED US!" U.S. President Donald Trump's social media post this week was a continuation on a theme he's maintained throughout the trade war: that his country doesn't need anything from Canada. Experts — and exports — say that's not the case. Ontario Premier Doug Ford has urged the federal government to use some exports as leverage at the negotiating table — and after Trump's latest escalation, he called on Prime Minister Mark Carney to cut off the supply [Read more]

CALGARY - Canada's industry minister is deflecting questions about whether the country will use Alberta's abundant energy exports as leverage in the tense trade war with the United States. Mélanie Joly, pressed by reporters in Calgary over whether oil and gas shipments may be on the table, isn't tipping Ottawa's hand. Joly says the federal government doesn't negotiate in public and that she trusts Prime Minister Mark Carney to lead the country's approach. Talks between the two countries [Read more]