Latest News
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PM Carney to visit Turkiye this month in first for Canadian leader: Reuters
OTTAWA – Prime Minister Mark Carney plans to visit Turkiye this month to meet President Tayyip Erdogan in what would be the first dedicated bilateral visit to the country by a Canadian leader, four sources…
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Canada’s trade surplus widens substantially in August
OTTAWA — Canada’s trade surplus widened substantially in August to $4.2 billion, data showed on Tuesday, as exporters rushed to increase shipments to the U.S. before President Donald Trump’s new tariffs took effect. Analysts polled…
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U.S. Supreme Court weighs local governments’ climate change lawsuits against oil and gas companies
WASHINGTON — The U.S. Supreme Court grappled Monday with whether local governments can sue oil and gas companies in state court to help cover costs associated with climate change, an issue with potentially billions of…
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Nutrien to indefinitely shut Trinidad nitrogen operations
Canadian agrichemical company Nutrien Ltd. NTR-T +1.50%increase said on Monday it will indefinitely shut its Trinidad nitrogen operations at the Point Lisas facility after a review of strategic alternatives, citing continuing natural gas supply constraints…
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Ottawa asks Cleveland-Cliffs to provide steel job plan or face possible legal action
Industry Minister Mélanie Joly has issued U.S. steelmaker Cleveland-Cliffs CLF-N +1.31%increase an ultimatum to comply with its employment guarantees under The Investment Canada Act. Last week, Cliffs said it intends to lay off up to…
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Emera bids for national powerhouse with $35-billion Canadian Utilities, ATCO merger
Halifax-based Emera Inc. EMA-T -2.52%decrease is bidding to build a national champion in the utility sector by merging with Calgary natural gas and electricity infrastructure owner Canadian Utilities Ltd. CU-T -0.61%decrease and parent ATCO Ltd.…
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Trade deficit hits $105.6 billion, widest since just before Trump tariffs enacted last year
The U.S. trade deficit widened sharply in August amid an influx of goods related to the artificial intelligence build-out and the vagaries of import tariffs, the Commerce Department reported Tuesday. Imports swelled 4.3% for the…
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WTI & TSX Energy Outlook: Oct. 3–16, 2026
WTI: my next-two-week range Scenario WTI Oct. 3–16 Probability* Key trigger Bull US$98–108 ~25% Iran escalation, Hormuz disruption, strikes on energy infrastructure Base US$88–96 ~55% Supply risks persist but Gulf exports continue recovering Bear US$82–88…
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China shuts hundreds of banks as Beijing moves to shore up its financial system
China is accelerating its consolidation of smaller, mostly rural banks in a bid to shore up its financial system, amid ongoing concerns over an economic slowdown in the country. Beijing’s policy-led consolidation saw a record…