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OTTAWA - Economists expect inflation edged higher in July as consumers were getting whiplash at the gasoline pumps. Statistics Canada is set to provide a look at the consumer price index for July on Monday. A Reuters poll of economists expects annual inflation rose a tenth of a point to 2.9 per cent last month. June's progress toward peace between the United States and Iran led to a pullback in global oil prices and inflation cooled accordingly. But the tentative ceasefire buckled in [Read more]

OTTAWA - Statistics Canada says manufacturing sales rose for a fifth straight month in June, helped by gains in the chemical and transportation equipment subsectors. The agency says manufacturing sales rose 0.1 per cent to $78.8 billion in June. The increase came as sales in the chemical subsector increased six per cent to $6.3 billion, while the transportation equipment subsector saw sales gain 2.8 per cent to $12.4 billion. In constant dollars, manufacturing sales rose 1.2 per cent in [Read more]

Producing property with upside potential August 14, 2026 2:00 AM EDT | Source: Arrow Exploration Corp. Calgary, Alberta--(Newsfile Corp. - August 14, 2026) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to announce a property acquisition in Alberta, Canada.   Highlights Acquisition of 100% working interest in 550 boepd oil producing property in [Read more]

Oil prices inched up on Friday after the United States threatened an indefinite naval blockade of Iran, reviving concerns about supply of crude after the previous session's fall on a weaker outlook for demand and a large build in U.S. stocks. Brent futures rose 1 cent, or 0.1%, to $87.08 a barrel by 0247 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 6 cents to $81.31 a barrel. The benchmarks were on track for weekly rises of about 4% after the prior session's fall of [Read more]

CALGARY, AB, Aug. 13, 2026 /CNW/ -- Ensign Energy Services Inc. ("Ensign") is pleased to announce that it has completed the acquisition of all of the issued and outstanding shares of Citadel Drilling Ltd. for consideration of US$65 million (subject to adjustments). All closing conditions were satisfied. Ensign funded the purchase price with cash on hand and available Credit Facilities. Robert Geddes, Ensign's President and Chief Operating Officer, commented on the acquisition: "We are [Read more]