Latest News
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G7 nations to release diesel stocks as wars in Europe and Middle East constrain fuel supplies
The Group of Seven nations agreed Friday to release 100 million barrels of reserves to address surging diesel fuel prices, after the Trump administration pushed Europe to deploy their stocks. The G7 leaders said the…
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Labor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%
The U.S. economy created far fewer jobs than expected in September, pointing to a surprising soft spot in the labor market and broader economy. Nonfarm payrolls rose a seasonally adjusted 29,000 for the month while…
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Canadian factory PMI hits six-month low in September on trade frictions
Canada’s manufacturing sector expanded at the slowest pace in six months in September as trade frictions and elevated energy prices weighed on activity, while confidence in the outlook dropped to the lowest level in nine…
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Ottawa designates West Coast pipeline a project of national interest
A proposed pipeline from Alberta to the West Coast has been designated a project of national interest, Prime Minister Mark Carney said Thursday, citing the conduit’s economic benefits and how it can boost Canada’s share…
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Oil prices rise $3 as China suspends fuel exports
Brent benchmark oil prices rose by US$3 on Thursday after China suspended oil products exports, potentially tightening fuel markets already coping with supply shortages globally, while investors continued to assess diplomatic efforts to end the…
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Oct 1/26: TSX mid-day performance
Down ~240 points (~0.7%) to ~34,996 at midday, extending a three-day slide. Yesterday it closed at 35,236, down 224 points (-0.63%), its third straight losing day and lowest close since late July. Reasons: Partial offsets:…
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TC Energy’s Coastal GasLink to proceed after LNG Canada decision
TC Energy TRP-T -0.18%decrease said on Tuesday its Coastal GasLink Phase 2 project will proceed after LNG Canada and its joint venture partners made a positive final investment decision on the LNG Canada expansion project.…
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Private sector jobs rose by 90,000 in September, better than expected, ADP reports
e job creation picked up in September after a brief slowdown, providing further indication that the U.S. labor market has stabilized, according to an ADP report Wednesday. The payrolls processing firm said company employment rose…
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Economic growth flattens in July as ‘broader volatility’ sets in
Economic growth cooled off ahead of the latest U.S. tariff volley this summer, Statistics Canada said Tuesday. The agency said real gross domestic product was essentially unchanged in July. Strength in construction and utilities that…