CALGARY - Trans Mountain Corp. says the pipeline that sends Alberta crude to the Vancouver area ran 94 per cent full during the second quarter. The pipeline has been operating since the 1950s, and an expansion tripling its capacity to 890,000 barrels per day came into service in 2024. During the three months ended June 30, the Trans Mountain pipeline carried an average of 840,000 barrels of oil per day, up from 703,000 during the same period a year earlier. Net income for the quarter [Read more]
New Brunswick gives green light for 500 MW gas plant
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]
Saskatchewan fiscal update projects $825M deficit, cites health, agriculture costs
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]
Middle East conflict, oil prices push Alberta’s finances back in the black
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]
The president says the U.S. doesn’t need anything from Canada. Exports say otherwise.
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]
Fact File: U.S. could inflict pain on Canada through energy trade
CALGARY - A post this week from U.S. President Donald Trump on his Truth Social platform included an implied threat to energy products flowing into Canada from south of the border. Though Canada is by far an overall bigger supplier to its southern neighbour than the other way around, there are some regions of the country that would be hit hard in the event of a U.S.-initiated disruption. THE CLAIM Trump began his Monday post by insulting Ontario Premier Doug Ford, who had lashed out at the [Read more]
Federal Industry Minister Joly tight-lipped on leveraging Alberta energy with U.S.
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]
N.B. to review ban on fracking amid U.S. tariffs, premier says
FREDERICTON - New Brunswick Premier Susan Holt says her government is launching a review of the province's long-standing ban on hydraulic fracturing. The Liberal premier says the review of the 2014 ban on fracking is part of her government's work to explore ways it can strengthen the provincial economy. Officials say the Liberal provincial government will consult First Nations communities, local governments, industry stakeholders and regular New Brunswickers. Holt backed the ban as [Read more]
Canada-U.S. trade tensions continue to escalate as Trump team defends tariffs
WASHINGTON - Members of the Trump administration on Monday fanned across cable news stations and in front of crowds of loyal supporters to make the case for Donald Trump's latest tariffs on Canada as the president himself moved to escalate the trade war. Trump posted on social media that he intends to double tariffs on Canadian automobiles and auto parts to 50 per cent on Jan. 1. Later in the day he escalated that further, threatening to shut off the pipes which carry natural gas and oil from [Read more]
CP NewsAlert: Trump takes aim at Canadian energy flowing through U.S. in latest post
WASHINGTON - U.S. President Donald Trump is taking aim at Canadian energy flowing through the United States in another escalation of his trade war with Canada. In a post on his Truth Social account Trump warns of "consequences" if Canadian officials didn't "fall in line." The post specifically calls out Ontario Premier Doug Ford, who earlier in the day told an Ontario radio talk show program that Trump could "kiss my ass" and said Ontario should leverage energy and critical minerals in trade [Read more]
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