Oil & Gas and Mining News

CALGARY — Fears of a tariff-driven recession have led to a steep drop in the price of crude oil, walloping Canadian energy stocks and stoking worry about the sector's outlook should the weakness persist. West Texas Intermediate crude, the key U.S.

A new version of a government-commissioned report about Alberta's inactive oil wells and what to do about them now says the province should manage a new insurance fund, rather than backstop it with taxpayer funding.

OTTAWA — The country's merchandise trade balance fell to a deficit of $1.5 billion in February as exports fell, Statistics Canada said Thursday. The federal agency said the result compared with a surplus of $3.1 billion in January.

CALGARY — Gasoline prices are coming down in Canada as the consumer carbon charge drops to zilch from 17.6 cents per litre, but motorists had yet to feel the full impact of the change on Tuesday.

OTTAWA — Liberal Leader Mark Carney promised Monday to get the federal government back into the business of home building, while Pierre Poilievre's Conservatives pitched a national energy corridor to fast-track approval of key infrastructure.

OTTAWA — Liberal Leader Mark Carney promised Monday to get the federal government back into the business of home building, while Pierre Poilievre's Conservatives pitched a national energy corridor to fast-track approval of key infrastructure.

CALGARY — Prime Minister Mark Carney killed the consumer carbon levy as one of his first acts upon taking office earlier this month. As of Tuesday, the price everyday Canadians pay for emissions will be set at $0.