Published: 4/28/2023 5:59 PM ETThe Canadian market ended on a firm note on Friday, extending gains from the previous session, thanks largely to strong buying in the energy sector as oil […]
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California bans the sale of new diesel trucks by 2036
California regulators on Friday voted to ban the sale of new diesel big rigs by 2036 and require all trucks to be zero-emissions by 2042, a decision that puts the […]
Exxon delivers record first-quarter profit on higher output (Owns IMO)
Exxon Mobil Corp on Friday reported a record first-quarter profit that was more than double a year ago and topped Wall Street estimates as rising oil and gas output overcame a […]
US consumer spending flat in March; core inflation still strong
WASHINGTON – U.S. consumer spending was unchanged in March, while underlying inflation pressures remained strong, which could see the Federal Reserve raising interest rates again next month.The unchanged reading in […]
Suncor In $4.1B Deal To Buy TotalEnergies’ Oilsands Operations
Calgary-based Suncor Energy will acquire French TotalEnergies’ Canadian operations in a US$4.1-billion deal. Suncor says the deal will boost its per day production capacity by 135,000 barrels. The sale is […]
OPEC says IEA should be ‘very careful’ about discouraging oil investments
OPEC Secretary General Haitham al-Ghais said finger-pointing and misrepresenting the actions of OPEC and OPEC+ was “counterproductive.” He added that the influential group of 23 oil-exporting exporting nations was not […]
Bank of Canada rate-cut bets recede as core inflation proves sticky
Canadian inflation excluding food and energy costs is expected to remain above 3 per cent until the fourth quarter of this year, the median forecast of seven economists recently surveyed […]
Work halted at site of Trans Mountain expansion project after injury, regulator says
The Canada Energy Regulator said it was notified on Tuesday of a serious injury at a work site on the government-owned Trans Mountain oil pipeline expansion project near Chilliwack, British […]
CN Rail’s share price skidded Tuesday despite upbeat earnings. Here’s why
anadian National Railway Co. CNR-T -0.40%decrease issued a downbeat outlook for the economy, adding to a growing chorus of companies that are warning of deteriorating operations as rising interest rates weigh on activity.“Our […]