U.S. Oil Inventories Fall, Gasoline Rises: EIA Data
The U.S. Energy Information Administration reports a weekly drop in crude oil and distillate inventories, while gasoline stocks increased, reflecting shifting energy market dynamics.
Category : Business
Churchill's Trade Hub Future Needs to Work for People: Premier
Manitoba Premier Wab Kinew emphasizes that Churchill's potential as a global trade hub must benefit local residents, highlighting community concerns during a recent visit to the northern port town.
Toronto Home Sales Plunge Nearly 20% in January
Toronto's housing market experienced a significant slowdown in January 2026, with home sales dropping nearly 20% year-over-year, prices declining, and new listings falling over 13%.
Canada's Wonderland Hiring 4,000 Seasonal Workers
Canada's Wonderland announces 4,000 seasonal job openings for the 2026 season, offering diverse roles in Vaughan, Ontario, as the park prepares for summer operations.
Anand in D.C. for U.S.-Led Critical Minerals Trade Zone Talks
Canadian Foreign Minister Anita Anand attends a key meeting in Washington, D.C., as the Trump administration advocates for an international critical mineral trade zone to bolster supply chains.
Alberta Eyes New Pipeline Routes for Asian Oil Markets
Alberta Premier Danielle Smith reveals five potential port options for a new oil pipeline to Canada's west coast, aiming to export an additional 1 million barrels daily to Asia amid federal trade diversification efforts.
Windsor-Essex Home Prices Drop in Latest Market Report
The average home price in Windsor-Essex has decreased, reflecting broader market adjustments. This analysis explores the factors behind the decline and what it means for buyers and sellers in the region.
Washington Post Lays Off One-Third of Staff
The Washington Post is implementing sweeping layoffs affecting one-third of its workforce, eliminating its sports department, and restructuring operations amid subscriber losses and internal turmoil.
GTA Home Prices Fall Below $1M Amid Market Weakness
The average price of a home in the Greater Toronto Area dropped under $1 million last month, with the Toronto Regional Real Estate Board forecasting continued market softness ahead.
Services Sector Downturn Accelerates in Canada
Canada's services sector experienced a sharp contraction in January, with the Purchasing Managers' Index indicating a deepening downturn amid economic pressures.
Cambridge Won't Ask for LRT Investment Reimbursement
The City of Cambridge has decided not to request reimbursement for its financial contribution to the ION light rail transit system, a major regional infrastructure project.
GTA Home Sales and Prices to Remain Stable in 2026
The Toronto Regional Real Estate Board projects GTA home sales between 60,000-70,000 transactions and average prices of $1M-$1.03M in 2026, with affordability pressures continuing to shape the market.
Washington Post Lays Off One-Third of Staff in Major Restructuring
The Washington Post is implementing significant workforce reductions, with one-third of its employees across all departments being laid off, as reported by The Associated Press in February 2026.
RBC Closing University of Ottawa Campus Branch
Royal Bank of Canada announces closure of its branch on University of Ottawa campus in February 2026, affecting students and staff banking services.
Teskey Named CEO of Brookfield Asset Management
Brookfield Asset Management announces Connor Teskey as new CEO, succeeding Bruce Flatt who remains chair and parent company CEO in planned leadership succession.
Teskey Takes Over as Brookfield Asset Management CEO
Brookfield Asset Management announces Connor Teskey as new CEO, succeeding Bruce Flatt who remains chair and parent company CEO in planned succession.
Chipotle, Mondelez Shares Slide on Weak Demand
Shares of Chipotle Mexican Grill and Mondelez International declined as both companies face challenges from softening consumer demand and increasing operational expenses, impacting their sales outlook.
Nasdaq Fast Entry Rule Aims to Speed Up Large Listings
Nasdaq has proposed a new 'fast entry' rule designed to expedite the inclusion of significant new listings, potentially streamlining market access for major companies.
Walmart Reaches $1 Trillion Market Cap Milestone
Walmart Inc. has joined the exclusive $1 trillion market capitalization club, driven by technological investments and appeal to value-conscious shoppers across income levels.
Saskatchewan, Alberta Push Ottawa on Gopher Poison Approval
The provinces of Saskatchewan and Alberta are pressing the federal government to approve a poison for Richardson's ground squirrels after an initial rejection, citing agricultural damage.
GO Transit Schedule Extended After Derailment
GO Transit trains continue operating on reduced schedules as crews repair significant signal system damage from Monday's derailment near Union Station in Toronto.
Highway 400 Shut Down by Transport Truck Fire, Cleanup Ongoing
A significant transport truck fire forced the overnight closure of multiple lanes on Highway 400 near Barrie. Cleanup operations are continuing into Wednesday, causing traffic disruptions.
BusinessATS Q3 Profit and Revenue Rise Year-Over-Year
BusinessATS announces third-quarter financial results showing growth in both profit and revenue compared to the previous year, highlighting robust performance in a dynamic market.
Globex Reports Additional High-Grade Gold in Quebec Drilling
Globex Mining Enterprises announces significant gold mineralization findings from Cartier Resources' drilling on Nordeau Royalty claims near Val d'Or, Quebec, expanding the North Contact Zone.
Developer Fights Foreclosure on Filipino Centre Property
Vancouver developer Tobi Reyes is fighting in court to prevent foreclosure on a Mount Pleasant property where he plans to build a Filipino cultural centre and hotel, despite owing over $45 million.
Strata Sections: When Separate Form F Certificates Are Needed
Tony Gioventu clarifies whether strata sections must issue separate Form F payment certificates during property sales, explaining legal requirements for mixed-use developments.
Gold Rebounds Above $5,000 After Historic Pullback
Gold prices climbed over 2.9% on Wednesday, rebounding above US$5,000 per ounce as dip buyers entered the market following a significant retreat from record highs. The precious metal remains up approximately 17% for the year despite recent volatility.
Windsor Bridge Work Closes Rochester Townline Road for 6 Weeks
A major infrastructure project in Lakeshore will close a section of Rochester Townline Road for up to six weeks, starting soon. Detours are in place as crews replace the WindsorNewsBridge.
Montreal Blue-Collar Workers Strike, Essential Services Maintained
Approximately 6,000 blue-collar workers in Montreal have initiated a strike, while the city ensures essential services continue uninterrupted during the labor dispute.
London Mayor's Homebuyer Incentive Sparks Debate
A new financial incentive for homebuyers proposed by London's mayor has ignited debate at city hall, with critics questioning whether it will primarily benefit developers.
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