Skip to content

National Business

Suncor Energy pleads guilty to charges for 2019 injury on oil vessel off Newfoundland

Suncor Energy pleads guilty to charges for 2019 injury on oil vessel off Newfoundland

ST. JOHN'S, N.L. — Suncor Energy has been fined $90,000 after pleading guilty to two charges stemming from a worker injury in 2019 aboard its production vessel in an oilfield off the coast of Newfoundland.
Read more >
Statistics Canada reports real GDP grew 0.2% in July

Statistics Canada reports real GDP grew 0.2% in July

OTTAWA — The Canadian economy grew more than expected in July, but the strength was short-lived as the momentum seems to have failed to carry over into August. Statistics Canada said Friday that real gross domestic product grew 0.
Read more >
Federal government posts $7.3B deficit between April and July

Federal government posts $7.3B deficit between April and July

OTTAWA — The federal government's deficit has grown to $7.3 billion so far this fiscal year. The Finance Department's latest fiscal monitor says the deficit between April and July compares with a $1.2 billion deficit over the same period last year.
Read more >
Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts

Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts

WASHINGTON (AP) — The Federal Reserve's preferred inflation measure on Friday provided the latest sign that price pressures are easing , a trend that is expected to fuel further Fed interest rate cuts this year and next. Prices rose just 0.
Read more >
Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts

Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts

WASHINGTON (AP) — The Federal Reserve's preferred inflation measure on Friday provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts this year and next. Prices rose just 0.
Read more >
B.C. company sanctioned by U.S. Treasury Department wants Health Canada licences back

B.C. company sanctioned by U.S. Treasury Department wants Health Canada licences back

VANCOUVER — A chemical firm based in Port Coquitlam, B.C., claims Health Canada wrongfully cancelled its licences to make natural health products after being sanctioned by the U.S.
Read more >
One year later, AI code signatories happy with decision but want more company

One year later, AI code signatories happy with decision but want more company

TORONTO — One year after Canada launched a voluntary code of conduct on artificial intelligence, tech organizations that signed on say they don't regret the decision but wouldn't mind some more company.
Read more >
Trudeau, French president Macron meet in Canada as trade deal challenges continue

Trudeau, French president Macron meet in Canada as trade deal challenges continue

OTTAWA — French President Emmanuel Macron and Prime Minister Justin Trudeau say their governments will collaborate more on issues ranging from the war in Ukraine to foreign interference, as they face off against rising populism and misinformation.
Read more >
U.S. Inflation Reduction Act causing brain drain of Canadian talent: CEOs

U.S. Inflation Reduction Act causing brain drain of Canadian talent: CEOs

BANFF, ALTA. — Some Canadian CEOs say the hundreds of billions of dollars the United States is offering in subsidies for the energy transition is causing a worrisome brain drain of some of this country's top talent.
Read more >
BlackBerry says progress made in lowering costs as it reports slimmer Q2 loss

BlackBerry says progress made in lowering costs as it reports slimmer Q2 loss

BlackBerry Ltd. executives said the company has made good progress in its efforts to cut costs as it reported a slimmer loss in its latest quarter than the prior year.
Read more >