Skip to content

National Business

Oil prices spike as Saudi Arabia, Russia extend 1.3 million barrel a day oil cut through December

Oil prices spike as Saudi Arabia, Russia extend 1.3 million barrel a day oil cut through December

DUBAI, United Arab Emirates (AP) — Saudi Arabia and Russia agreed Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices.
Read more >
WestJet Encore pilots file notice to begin contract negotiations with management

WestJet Encore pilots file notice to begin contract negotiations with management

CALGARY — Pilots with WestJet Encore are gearing up to bargain their second collective agreement. The Air Line Pilots Association says it's filed notice to open contract negotiations with the regional carrier for WestJet.
Read more >
Enbridge to purchase three U.S. utilities for $14 billion in cash and debt

Enbridge to purchase three U.S. utilities for $14 billion in cash and debt

CALGARY — Enbridge Inc. has signed a US$14 billion cash-and-debt deal that represents a major vote of confidence by the Canadian company in the future of natural gas.
Read more >
United Airlines says the outage that held up departing flights was not a cybersecurity issue

United Airlines says the outage that held up departing flights was not a cybersecurity issue

United Airlines said Tuesday that a software update triggered a glitch that forced it to halt departures nationwide, briefly crippling one of the nation's biggest carriers on a busy travel day.
Read more >
South Korean firm opening copper foil plant in Quebec for use in electric vehicles

South Korean firm opening copper foil plant in Quebec for use in electric vehicles

GRANBY, Que. — A new player has entered Quebec's electric vehicle battery sector, with a South Korean firm announcing it will open a copper foil factory in the province by 2026.
Read more >
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,413.76, down 131.60 points): Canopy Growth Corp. (TSX:WEED). Healthcare. Up 19 cents, or 25.68 per cent, to 93 cents on 18.
Read more >
S&P/TSX composite posts loss Tuesday ahead of rate decision, U.S. markets also lower

S&P/TSX composite posts loss Tuesday ahead of rate decision, U.S. markets also lower

TORONTO — Canada's main stock index moved lower as investors await an interest rate decision from the Bank of Canada Wednesday, while U.S. stock markets also posted losses. The S&P/TSX composite index was down 131.60 points at 20,413.76.
Read more >
Stock market today: Wall Street ends lower following two weeks of gains

Stock market today: Wall Street ends lower following two weeks of gains

NEW YORK — Stocks closed lower on Wall Street as traders return from a long holiday weekend. The S&P 500 fell 0.4% Tuesday. The index is coming off its second weekly gain. The Dow lost 0.6% and the Nasdaq slipped 0.1%. Crude oil prices rose.
Read more >
Political pressure to stop rate hikes now coming from premiers, as BoC decision nears

Political pressure to stop rate hikes now coming from premiers, as BoC decision nears

OTTAWA — Two premiers have sent letters to Bank of Canada governor Tiff Macklem urging against another rate hike, as the provincial leaders attempt to sway the central bank's interest rate decision slated for Wednesday.
Read more >
Train service between Montreal, New York poised to resume after summer shutdown

Train service between Montreal, New York poised to resume after summer shutdown

MONTREAL — Amtrak says it aims to relaunch passenger train service between Montreal and New York City next week, a route that typically carries more than 100,000 travellers per year.
Read more >