An ongoing trade war and U.S. President Donald Trump's hunger for critical minerals have brought Canada's rich mineral deposits into the spotlight, with federal and provincial politicians promising to accelerate natural resource projects. Interest in the country's critical minerals surged after Trump started musing about annexing Canada, experts say, and grew as the president's global trade war intensified. "This is now a domestic conversation about how we treat natural resources or [Read more]

OTTAWA - Liberal Leader Mark Carney and Conservative Leader Pierre Poilievre aligned on support for new oil and gas pipelines as a matter of national security during the French language election debate Wednesday night. Dealing with U.S. President Donald Trump was a running theme as the four main federal party leaders took the stage in Montreal for the first of two debates. Even the debate moderator Patrice Roy cited the elephant in the room as he pitched questions on immigration, [Read more]

CALGARY - Parkland Corp. says chief executive Bob Espey has told its board of directors that he plans to step down from the top job. The change comes as the company's largest shareholder tries to replace a majority of the board. Parkland says Espey will remain in the role until the appointment of a new CEO, the completion of the company's strategic review, or Dec. 31, whichever occurs first. The company also says board chair Michael Jennings has been appointed executive chair, while [Read more]

WINNIPEG - Manitoba will soon have more energy for itself and other Canadian jurisdictions after two hydroelectric contracts with a Minnesota utility expire at the end of this month, Premier Wab Kinew said Monday. The contracts, signed in 2010, are for a combined 500 megawatts of power to Xcel Energy. Kinew said Manitoba is repatriating energy by keeping that power for domestic use. "We've decided, as Canadians and Manitobans, we are going to use that power to build up our own economy [Read more]

CALGARY - The head of Canada's biggest oil and gas advocacy group says companies are looking through the recent market upheaval and focusing on the long-term demand outlook. Lisa Baiton, president and chief executive of the Canadian Association of Petroleum Producers, says the U.S. will always be a major customer for Canadian oil and gas. She adds artificial intelligence data centre growth is likely to drive global hunger for energy well into the future. West Texas Intermediate crude [Read more]

CALGARY - Fears of a tariff-driven recession has led to a steep drop in the price of crude oil, walloping Canadian energy stocks and stoking worry about the sector's outlook should the weakness persist. West Texas Intermediate crude, the key U.S. benchmark, dropped as low as US$60.45 per barrel today, recovering some ground by early afternoon to hover around a four-year low of US$62. The energy index on the TSX was down 8.5 per cent mid-afternoon on a day when the overall Canadian stock [Read more]

A new version of a government-commissioned report about Alberta's inactive oil wells now recommends that the province manage a new insurance fund, rather than backstop it with taxpayer funding. Critics and environmentalists had raised concerns last month after a draft of the report was leaked to media, saying the report's recommendations would mean Alberta would let oil and gas companies off the hook for reclaiming wells. The Alberta government says it has no plans to use taxpayer funds to [Read more]