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Canadian Natural Resources sees path to hike Horizon oilsands output by 76 per cent

CALGARY — Canadian Natural Resources Ltd. said it believes the output of its Horizon oilsands mine could be increased by 195,000 barrels per day of synthetic crude oil, a 76 per cent hike from the mine's current capacity of approximately 255,000 barrels per day.

By The Canadian Press | 05.02.24

CALGARY — Canadian Natural Resources Ltd. said it believes the output of its Horizon oilsands mine could be increased by 195,000 barrels per day of synthetic crude oil, a 76 per cent hike from the mine's current capacity of approximately 255,000 barrels per day.

By The Canadian Press | 05.02.24

Statistics Canada says merchandise trade deficit $2.3 billion in March

OTTAWA — Canada posted a merchandise trade deficit of $2.3 billion in March, its largest deficit since June last year, Statistics Canada said Thursday.

By The Canadian Press | 05.02.24

OTTAWA — Canada posted a merchandise trade deficit of $2.3 billion in March, its largest deficit since June last year, Statistics Canada said Thursday.

By The Canadian Press | 05.02.24

Dividend raise, CEO pay questioned at BCE annual meeting following job cuts

Frustration over BCE Inc.'s 4,800 job cuts earlier this year spilled over at the company's annual general meeting on Thursday, as investors and employees questioned executives on their compensation during a period of belt-tightening for staff.

By The Canadian Press | 05.02.24

Frustration over BCE Inc.'s 4,800 job cuts earlier this year spilled over at the company's annual general meeting on Thursday, as investors and employees questioned executives on their compensation during a period of belt-tightening for staff.

By The Canadian Press | 05.02.24

Parkland says lots of buyer interest in its fuel, convenience store locations

CALGARY — Fuel retailer Parkland Corp. said Thursday the 157 Canadian fuel and convenience store locations it has put up for sale are generating a great deal of interest from prospective buyers.

By The Canadian Press | 05.02.24

CALGARY — Fuel retailer Parkland Corp. said Thursday the 157 Canadian fuel and convenience store locations it has put up for sale are generating a great deal of interest from prospective buyers.

By The Canadian Press | 05.02.24

Nova Scotia to keep requirement for motor vehicle safety inspections following review

HALIFAX — Nova Scotia’s public works minister says that after a review by her department, the province will be keeping its current motor vehicle inspection requirement in place.

By The Canadian Press | 05.02.24

HALIFAX — Nova Scotia’s public works minister says that after a review by her department, the province will be keeping its current motor vehicle inspection requirement in place.

By The Canadian Press | 05.02.24

Financial, technology risks likely delayed Alberta carbon capture project: analyst

EDMONTON — An analyst says a corporate decision to mothball Canada's largest carbon capture and storage project is likely the result of financial uncertainty and technological risks.

By The Canadian Press | 05.02.24

EDMONTON — An analyst says a corporate decision to mothball Canada's largest carbon capture and storage project is likely the result of financial uncertainty and technological risks.

By The Canadian Press | 05.02.24

There's a limit to how much interest rates in Canada and U.S. can diverge: Macklem

OTTAWA — Canadian interest rates don't have to match U.S. or global rates, Bank of Canada governor Tiff Macklem says, but they need to stay within a certain ballpark.

By The Canadian Press | 05.02.24

OTTAWA — Canadian interest rates don't have to match U.S. or global rates, Bank of Canada governor Tiff Macklem says, but they need to stay within a certain ballpark.

By The Canadian Press | 05.02.24

TD Bank hit with $9.2M penalty after failing to report suspicious transactions

TORONTO — Canada’s financial-crime watchdog has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the U.S.

By The Canadian Press | 05.02.24

TORONTO — Canada’s financial-crime watchdog has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the U.S.

By The Canadian Press | 05.02.24

Young investors more likely to switch advisers, citing high fees: J.D. Power survey

TORONTO — Traditional wealth management firms are at an increasing risk of losing younger clients, particularly as new rules to make investment fees more transparent loom, a new survey shows.

By The Canadian Press | 05.02.24

TORONTO — Traditional wealth management firms are at an increasing risk of losing younger clients, particularly as new rules to make investment fees more transparent loom, a new survey shows.

By The Canadian Press | 05.02.24

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

TORONTO — Canada's main stock index was up in late-morning trading, helped by gains in the industrial and energy stocks, while U.S. stock markets also climbed.

By The Canadian Press | 05.02.24

TORONTO — Canada's main stock index was up in late-morning trading, helped by gains in the industrial and energy stocks, while U.S. stock markets also climbed.

By The Canadian Press | 05.02.24