Author: Consultant

Teck Resources exits oil sands with $1-billion sale of Fort Hills stake to SuncorTeck Resources Ltd. is exiting the oil sands business with a $1-billion sale of its stake in […]

Bank of Canada hikes key interest rate by 0.5 percentage points, raising borrowing costs for sixth time in a rowThe Bank of Canada increased its benchmark interest rate by 0.5 […]

Alphabet misses on earnings as YouTube shrinks; company will cut headcount growth by half in Q4Alphabet missed analyst expectations on the top and bottom lines.Revenue at YouTube declined, while analysts […]

Housing, mortgage sectors brace for more pain as Bank of Canada tees up another big rate hikeThe Bank has already hiked the policy rate by three percentage points over the […]

Federal Infrastructure Bank commits $970-million toward Canada’s first small modular nuclear reactorThe federal government will provide nearly $1-billion in debt financing toward the construction of a commercial small modular reactor (SMR) – […]

General Motors posts big third-quarter earnings beat but holds full-year guidance steady amid ‘headwinds’General Motors easily beat Wall Street’s earnings expectations during the third quarter, while slightly missing on revenue.The […]

Wave of LNG tankers is overwhelming Europe in energy crisis and hitting natural gas prices60 liquified natural gas vessels are slow sailing or anchored around Northwest Europe, the Mediterranean, and […]

UK’s Rishi Sunak inherits in-tray of anarchy as he takes over as PM of country in crisisBritain’s new Prime Minister Rishi Sunak is set to take office Tuesday, assuming with […]

Rishi Sunak closes in on Downing Street after Boris Johnson pulls out of leadership raceFormer Finance Minister Rishi Sunak looks set to become the next prime minister of the U.K., […]