Skip to content

National Business

US reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades

US reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades

MIAMI (AP) — The Biden administration on Wednesday reimposed crushing oil sanctions on Venezuela, admonishing President Nicolás Maduro's attempts to consolidate his rule just six months after the U.S.
Read more >
Biden promises to keep US Steel a 'totally American company' amid review of Japanese takeover plan

Biden promises to keep US Steel a 'totally American company' amid review of Japanese takeover plan

PITTSBURGH (AP) — President Joe Biden is promising to block the acquisition of U.S. Steel by a Japan company, saying it “should remain a totally American company. American-owned, American operated.
Read more >
Budget pushes measures on open banking, lower fees forward, but timing unclear

Budget pushes measures on open banking, lower fees forward, but timing unclear

TORONTO — The federal budget pushed forward several banking sector initiatives, including open banking and lower fees, but had little detail on when changes would actually take effect.
Read more >
Engine Capital backs Simpson Oil's call for strategic review at Parkland

Engine Capital backs Simpson Oil's call for strategic review at Parkland

CALGARY — An activist investor has sent a letter to the board of directors at Parkland Corp. backing a call from the company's largest shareholder for a strategic review at the fuel retailer. U.S.
Read more >
Tesla to ask shareholders to reinstate $55 billion pay package for Musk rejected by Delaware judge

Tesla to ask shareholders to reinstate $55 billion pay package for Musk rejected by Delaware judge

AUSTIN, Texas (AP) — Tesla will ask shareholders to reinstate a compensation package for CEO Elon Musk potentially worth $55 billion that was rejected by a judge in Delaware this year and to move the electric car maker’s corporate home from Delaware
Read more >
Paris prepares for 100-day countdown to the Olympics. It wants to rekindle love for the Games

Paris prepares for 100-day countdown to the Olympics. It wants to rekindle love for the Games

PARIS (AP) — In Paris' outskirts, a bright-eyed young girl is eager for the Olympic and Paralympic Games to end. That's because the swimming club where 10-year-old Lyla Kebbi trains will inherit an Olympic pool.
Read more >
TC Energy pipeline rupture sparks wildfire near Edson, Alta.

TC Energy pipeline rupture sparks wildfire near Edson, Alta.

CALGARY — A natural gas pipeline owned by TC Energy Corp. ruptured near Edson, Alta., on Tuesday, sparking a wildfire. The Calgary-based pipeline operator confirmed the rupture in a statement late Tuesday afternoon.
Read more >
B.C. construction sector seeks support as workers shortage, late payments persist

B.C. construction sector seeks support as workers shortage, late payments persist

VICTORIA — British Columbia's construction industry says its workforce numbers have improved in recent years, but persistent labour shortages are putting "extreme pressures" on employers.
Read more >
Higher tobacco and vaping taxes offsets drug plan spending in federal budget

Higher tobacco and vaping taxes offsets drug plan spending in federal budget

OTTAWA — The federal government expects that its latest effort to discourage Canadians from smoking, contained in the federal budget tabled Tuesday, will generate $1.7 billion in new revenue.
Read more >
Some of the winners and losers in the 2024 federal budget

Some of the winners and losers in the 2024 federal budget

OTTAWA — With a variety of fiscal and policy measures announced in the federal budget, here's a look at some of the winners and losers: Winner: Small businesses Carbon tax rebates for small businesses are coming, five years after consumers began rece
Read more >