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Woodpecker nest halts construction of TMX pipeline near Bridal Falls, B.C.

Woodpecker nest halts construction of TMX pipeline near Bridal Falls, B.C.

VANCOUVER — The discovery of a woodpecker's nest has halted construction of the Trans Mountain pipeline along a 400-metre stretch near Chilliwack, B.C. A statement from Trans Mountain Corp.
Inflation skyrockets to highest level in nearly 40 years as gas prices soar

Inflation skyrockets to highest level in nearly 40 years as gas prices soar

OTTAWA — Soaring gas prices helped the annual inflation rate in May soar to its highest level in nearly 40 years, as the rising cost of living for Canadians squeezed household budgets and bolstered expectations the Bank of Canada will opt for a super

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,004.04, down 253.25 points.) Voyager Digital Ltd. (TSX:VOYG). Technology. Down 84 cents, or 52.5 per cent, to 76 cents on 10.
Energy sector falls to push S&P/TSX lower after inflation hits near 40-year high

Energy sector falls to push S&P/TSX lower after inflation hits near 40-year high

TORONTO — Fears of weakened demand stemming from higher interest rates pushed the energy sector and Canada's main stock index lower midweek as inflation hit a near 40-year high in May.
Unifor says more than 330 Hudson’s Bay warehouse workers on strike over wages

Unifor says more than 330 Hudson’s Bay warehouse workers on strike over wages

TORONTO — More than 330 Hudson’s Bay Co. warehouse workers have gone on strike after talks with the company broke down. Unifor says the logistics workers walked off the job after HBC refused to offer an increase in compensation for the past year.
PBO says Trans Mountain pipeline to result in net loss for government

PBO says Trans Mountain pipeline to result in net loss for government

The federal government now stands to lose money from its investment in the Trans Mountain pipeline, according to a new report, but Canada's oil industry says the war in Ukraine has made the massively expensive infrastructure project more important th
US stocks give up afternoon gains and end slightly lower

US stocks give up afternoon gains and end slightly lower

NEW YORK (AP) — Stocks gave up an afternoon gain and ended slightly lower on Wall Street Wednesday. Energy companies helped pull the market lower after crude oil prices sank. The S&P 500 fell 0.1%, the Dow Jones Industrial Average fell 0.
Banking regulator keeps stability buffer at top end of range amid uncertainty

Banking regulator keeps stability buffer at top end of range amid uncertainty

OTTAWA — Canada's banking regulator has kept the domestic stability buffer at the top end of the range to help address heightened financial uncertainty. As the buffer stands, banks have to hold capital equivalent to 2.
Fuel prices likely to rise further, economists say as peak travel season kicks off

Fuel prices likely to rise further, economists say as peak travel season kicks off

MONTREAL — Soaring gas prices fuelled the largest rise in the annual inflation rate in four decades last month, Statistics Canada says — with further increases anticipated.
Alberta premier, oilsands execs in U.S. capital to rehabilitate Canada's energy image

Alberta premier, oilsands execs in U.S. capital to rehabilitate Canada's energy image

WASHINGTON — Alberta Premier Jason Kenney and oilsands industry executives are in the U.S. capital as part of a fresh push to rehabilitate the public image of Canada's fossil fuels.