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]
Poilievre urges tax cuts to make diesel fuel more affordable, ensure future supplies
OTTAWA - Conservative Leader Pierre Poilievre is pitching a plan to cut federal taxes on diesel fuel and help ensure Canada has affordable supplies of the fuel in the future. Poilievre says Canada already produces enough diesel to meet national demand, but transportation bottlenecks leave some regions dependent on U.S. imports. He proposes eliminating all tax on diesel sales until at least Canada Day by extending the full fuel excise tax cut until July 1 of next year and removing the GST [Read more]
Five things to watch for in the Canadian business world in the coming week
TORONTO - Five things to watch for in the Canadian business world in the coming week: Smith-Ford event Alberta Premier Danielle Smith and Ontario Premier Doug Ford will be at an event in Calgary talking about Canada's economic future on Monday. The premiers are expected to discuss how Canada builds, transports and sells its energy to the world. GDP report Statistics Canada will release its report for gross domestic product for July on Tuesday. The agency's preliminary estimate released last [Read more]
Federal government introduces bill to extend gas tax pause to January 2027
OTTAWA - The federal government introduced its promised bill to extend the federal gas tax pause for several more months shortly after Parliament resumed sitting following the summer break. Finance Minister FranÇois-Philippe Champagne tabled the legislation on Monday and it saw its first significant debate in the House of Commons on Tuesday. Champagne said the measure will help farmers, families and truckers. "What I like about the measure, it's very direct, it's immediate, it's very [Read more]
Ottawa opens up 15% Trans Mountain equity stake to Indigenous groups on pipeline path
OTTAWA - The Canadian government is offering Indigenous groups a collective 15 per cent ownership stake in the Trans Mountain pipeline through a low-cost loan. In a letter to a First Nation along the pipeline's path and seen by The Canadian Press, a federal Department of Finance official says the equity investment would be equally distributed among participating groups. It says details of the federal government's offer would be shared during a series of in-person meetings in Vancouver, [Read more]
Feds approve FortisBC’s Tilbury LNG expansion under ‘one project, one review’
OTTAWA - The federal government has approved expansion of the Tilbury LNG facility in Delta, B.C., saying potential adverse effects are justified by the project's benefits. Monday's approval under the "one project, one review" principle came immediately after the B.C. government issued an environmental assessment certificate to FortisBC for the project on Tilbury Island in the Fraser River. The province says the project could generate 6,200 full-time-equivalent years of employment during [Read more]
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