Bank CEO Calls for Keystone XL Revival and Eastern Energy Corridor
National Bank CEO Laurent Ferreira advocates for reviving the Keystone XL pipeline and creating an Eastern Canadian energy corridor to boost domestic production and global exports.
Category : Business
Texas Refinery Explosion: Fire Out, Shelter Order Lifted
Emergency crews have extinguished a major fire following an explosion at the Valero Port Arthur Refinery in Texas. Authorities have lifted the shelter-in-place order for nearby residents as the situation stabilizes.
Oil Supply Chain Crisis Looms as Middle East Conflict Escalates
Energy economist Peter Tertzakian warns that escalating conflict in Iran has severely damaged Middle East oil infrastructure, threatening global supply chains and forcing Canada to develop strategic energy plans.
Pedestrian Struck at Waterloo Intersection, Police Probe
A pedestrian was struck by a vehicle at the intersection of University Avenue East and Woolwich Street in Waterloo. Local authorities are investigating the incident, which highlights ongoing traffic safety concerns in the area.
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Solize Partners Investment to Create 40 Tech Jobs in Windsor
A new investment by Solize Partners is set to bring 40 engineering and technology jobs to Windsor, boosting the local economy and advancing 3D printing innovation in the region.
Oil Rises, Stocks Fall as Iran War Advances Despite Talks
Global oil prices spike and stock markets tumble as military actions with Iran intensify, overshadowing diplomatic negotiations and impacting economic stability worldwide.
Canadian Return Trips from U.S. Decline Again: StatCan
Statistics Canada data reveals a continued decrease in cross-border travel, with fewer Canadians returning from the United States, highlighting shifting travel patterns and economic factors.
United Airlines Bets Big on Premium Travel as Fuel Costs Soar
United Airlines is intensifying its focus on premium travel services as escalating fuel costs, driven by the Iran war, pressure airline profits. The strategy aims to boost revenue through higher-margin offerings.
Barclays Raises S&P 500 Target to 7,650 for 2026
Barclays has increased its year-end S&P 500 forecast to 7,650 for 2026, citing strong corporate earnings and economic resilience despite ongoing inflation and Middle East tensions.
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Voting Opens for Ontario's Worst Roads Amid Pothole Woes
The CAA's annual Worst Roads campaign has launched, inviting Ontario residents to vote on the province's most problematic streets. This comes as drivers in Toronto and Windsor face significant pothole issues.
New Terminal at Montreal's Saint-Hubert Airport Opens June 15
The new terminal at Montreal Metropolitan Airport in Saint-Hubert is scheduled to open on June 15, 2026, featuring nine gates and enhancing regional air travel.
Boralex Explores Going Private as Shares Lag
Canadian renewable energy firm Boralex is evaluating options to go private, with shares trading at half their 2021 peak. The company has a $3 billion market value and operates across multiple countries.
Toronto's Pothole Plague Fuels Worst Roads Campaign
Toronto drivers face a surge of potholes, prompting the CAA's annual Worst Roads campaign to identify the city's most treacherous streets for repairs.
Homeownership Fails as Financial Safety Net for Alberta Seniors
A new report indicates that owning a home no longer ensures financial security for older Albertans, challenging long-held assumptions about retirement stability.
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Algoma Steel Layoffs: Final Shift for 300 Workers
Algoma Steel in Sault Ste. Marie sees 300 workers laid off today, part of 1,000 job cuts announced in December, with union seniority rules determining departures.
Experts Advocate for Attractive Small Apartment Buildings in Vancouver
Housing specialists argue that Vancouver's small apartment blocks should respect neighborhoods, include basements, and provide adequate parking to improve aesthetics and community integration.
Vancouver's First Supertall Tower at 315 Meters Could Herald New Era
Vancouver is considering its first supertall skyscraper at 315 meters, with city hall updating policies to potentially allow more such towers, reshaping the downtown skyline.
Estee Lauder in Merger Talks with Puig for Fragrance Push
Estee Lauder is reportedly in discussions to merge with Puig, owner of Jean Paul Gaultier, aiming to expand its prestige fragrance portfolio amid growing consumer demand for luxury scents.
Ottawa Entrepreneur Builds Popcorn Business from Prison
Emily O'Brien, an Ottawa entrepreneur, overcame incarceration to launch a successful popcorn business, sharing her journey of resilience and redemption with Invest Ottawa in March 2026.
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Canadian Return Trips from U.S. Drop Over 20% in January
Statistics Canada reports a significant decline in Canadian return trips from the United States in January, with numbers falling by more than 20% compared to previous periods.
Private Credit Strains Ripple Through Wall Street, Investors Wary
Growing concerns over private credit market stability are causing significant unease among Wall Street investors, with potential implications for broader financial markets and economic conditions.
Bank of Canada Replaces Departing Deputy Governors Internally
The Bank of Canada is conducting an internal recruitment process to fill two vacancies on its governing council following the announced departures of Deputy Governors Sharon Kozicki and Rhys Mendes.
Asia Boosts Coal Use as Iran War Hits Global LNG Supplies
Businesses across Asia are ramping up coal consumption as the conflict in Iran disrupts global liquefied natural gas supplies, driving a shift toward more carbon-intensive energy sources.
GoldHaven Expands Magno Project to 37,200 Hectares
GoldHaven Resources Corp. has expanded its Magno Project in British Columbia's Cassiar District to over 37,200 hectares through strategic mineral claims acquisition, revealing multiple mineralization styles.
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Zensurance Awards $10K Grant to Nova Scotia Business
Zensurance has awarded a $10,000 small business grant to Next Level Property Management & Services Ltd. in Nova Scotia, with five other finalists each receiving $1,000 in recognition of their community impact and innovation.
Iran War Delivers Dual Shock to Global Economy
Business surveys reveal the Iran conflict's devastating impact on global economic momentum and prices, with PMI indexes showing widespread declines and surging inflation indicators across major economies.
Markets Rise, Oil Up as Iran War Continues Despite Claims
U.S. financial markets show modest gains while oil prices increase, reflecting ongoing tensions in the Iran conflict despite political assertions of progress.
BMO, CME, Google Cloud Launch Tokenized Cash Platform
Bank of Montreal announces a strategic collaboration with CME Group and Google Cloud to introduce a tokenized cash platform, marking a significant advancement in digital asset infrastructure for financial markets.
Oil Price Surge Threatens Canada's Housing Market
Canada's housing market faces new pressure as rising oil prices from Middle East conflict could push mortgage rates higher, adding to existing challenges of high interest rates and economic uncertainty.
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Air Canada Co-Pilot in LaGuardia Crash Identified
Mackenzie Gunther, a 2023 graduate of Seneca Polytechnic's Aviation Technology program, has been identified as the co-pilot killed in the Air Canada Express crash at New York's LaGuardia Airport.
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