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National Business
National Business
Levy charged to Alberta oil companies too low to cover orphan well costs: report
A new report says the annual levy charged to Alberta oil companies to fund the cleanup of orphaned oil and gas wells remains too low to clear the backlog or keep up with the rate of surrendering.
May 27, 2025 2:18 PM
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S&P 500 rallies 2% as Wall Street's roller-coaster ride whips back upward
NEW YORK (AP) — Wall Street’s roller-coaster ride created by President Donald Trump’s trade policies whipped back upward on Tuesday, this time because of a delay for his tariffs on the European Union .
May 27, 2025 2:12 PM
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P.E.I. premier asks Ottawa for timeline on bridge and ferry toll reductions
FREDERICTON — The premier of Prince Edward Island is asking the federal government for an update on the timeline to reduce the tolls for the Confederation Bridge and Northumberland Ferries to improve interprovincial trade to and from the mainland.
May 27, 2025 2:10 PM
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Government moves to purge consumer carbon pricing from law
OTTAWA — The federal government moved on Tuesday to purge consumer carbon pricing from law, effectively putting an end to what was once the keystone of the Liberals' climate policy.
May 27, 2025 1:39 PM
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S&P/TSX composite up close to 200 points, U.S. stock markets also climb
TORONTO — Strength in the utility, financial and technology sectors helped Canada's main stock index gain almost 200 points on Tuesday, while U.S. stock markets also climbed. The S&P/TSX composite index was up 195.87 points at 26,269.00.
May 27, 2025 1:36 PM
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'More than you came for': former Bay slogans among trademarks going to Canadian Tire
TORONTO — The Hudson's Bay trademarks Canadian Tire hopes to acquire span well beyond the retailer's name, coat of arms and iconic stripes, new court documents show.
May 27, 2025 12:34 PM
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Telus announces five-year $70B funding plan to bolster networks, open AI data centres
VANCOUVER — Telus Corp. has announced it will spend more than $70 billion over the next five years to enhance connectivity, including through improvements to its network infrastructure and by building artificial intelligence data centres.
May 27, 2025 12:06 PM
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Glooscap First Nation in Nova Scotia launches new security company
HANTSPORT — A First Nation in Nova Scotia has established a new commercial security company, a move its chief says is another example of the First Nation’s commitment to securing financial independence.
May 27, 2025 11:41 AM
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Scotiabank profit dips as it prepares for potential turbulence ahead
TORONTO — Cautious borrowers and a worsening economic outlook pushed Scotiabank earnings slightly down in the second quarter from last year as the bank put aside more money for potentially bad loans ahead. The bank reported a net income of $2.
May 27, 2025 10:17 AM
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Hudson's Bay says 8,300 workers to be out of a job by June: court docs
TORONTO — More than 8,300 workers will have lost their job and some benefits by the time Hudson's Bay closes all of its stores at the start of June, new court documents filed by the collapsing retailer say.
May 27, 2025 9:22 AM
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