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Fed's preferred inflation gauge shows price pressures stayed elevated last month

Fed's preferred inflation gauge shows price pressures stayed elevated last month

WASHINGTON (AP) — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed's reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden's re-el
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Imperial Oil marks record Q1 production at Kearl ahead of Trans Mountain start

Imperial Oil marks record Q1 production at Kearl ahead of Trans Mountain start

CALGARY — Imperial Oil Ltd. pushed its Kearl oilsands project to record production for its first quarter as it continues to ramp up output ahead of the opening of the Trans Mountain pipeline expansion.
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U.S. election uncertainty making ‘very difficult’ freight market worse, TFI CEO says

U.S. election uncertainty making ‘very difficult’ freight market worse, TFI CEO says

MONTREAL — The head of Canada's biggest trucking firm says the upcoming U.S. election is straining an already weak market for freight.
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B.C. food products recalled for possible Listeria contamination

B.C. food products recalled for possible Listeria contamination

OTTAWA — Federal authorities have issued a recall warning for a series of food products distributed in British Columbia due to possible Listeria contamination.
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Cenovus fined $2.5 million for biggest oil spill in Newfoundland and Labrador history

Cenovus fined $2.5 million for biggest oil spill in Newfoundland and Labrador history

ST. JOHN'S, N.L. — Cenovus Energy has been ordered to pay a $2.5-million fine for its role in the largest offshore oil spill ever recorded in Newfoundland and Labrador.
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S&P/TSX composite up in late-morning trading, U.S. stock markets also higher

S&P/TSX composite up in late-morning trading, U.S. stock markets also higher

TORONTO — Gains in the base metal stocks helped lift Canada's main stock index in late-morning trading, while U.S. stock markets also rose. The S&P/TSX composite index was up 34.70 points at 21,920.08.
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Stock market today: Alphabet and Microsoft jump to push Wall Street higher

Stock market today: Alphabet and Microsoft jump to push Wall Street higher

NEW YORK (AP) — Strong gains for Alphabet and Microsoft have the U.S. stock market on track for its first winning week in the last four. The S&P 500 rose 0.6% early Friday.
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Mining giant Anglo-American rejects BHP's $39 billion takeover offer, says it's 'opportunistic'

Mining giant Anglo-American rejects BHP's $39 billion takeover offer, says it's 'opportunistic'

LONDON (AP) — U.K.-based mining giant Anglo American has rejected a 31 billion pound ($39 billion) takeover offer from BHP Group, saying it significantly undervalues the company and its growth potential.
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Red gold: Climate change plays role as saffron cultivation comes to Nova Scotia

Red gold: Climate change plays role as saffron cultivation comes to Nova Scotia

When Matthew Roy moved from New Hampshire in 2020 to start a farm in southwestern Nova Scotia, one of the new crops he zeroed in on was saffron.
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Documents reveal Ottawa's efforts to get Loblaw, Walmart on board with grocery code

Documents reveal Ottawa's efforts to get Loblaw, Walmart on board with grocery code

It was evident to the federal government as early as last fall that Loblaw and Walmart might be holdouts to the grocery code of conduct, jeopardizing the project's success.
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