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market news
Premarket: Global stocks and Japanese yen steady ahead of U.S. payrolls
Traders work on the floor at the New York Stock Exchange in New York, Wednesday, May 1, 2024. (AP Photo/Seth Wenig)
energy and resources
Paramount Resources reports $68.1-million quarterly profit, raises monthly dividend 20%
A pumpjack draws out oil and gas from a well head as the sun sets near Calgary, Alta., Sunday, Oct. 9, 2022. Crescent Point Energy Corp. says it has signed an agreement with Paramount Resources Ltd. to acquire additional Kaybob Duvernay assets for $375 million. THE CANADIAN PRESS/Jeff McIntosh
report on business
Latest national emissions report shows signs of progress toward Canada’s 2030 goal
A report from RBC says business spending on climate action needs to "rise exponentially" for the country to be on course for net zero emissions by 2050. A flare stack lights the sky from a refinery in Edmonton on December 28, 2018. THE CANADIAN PRESS/Jason Franson
world
Russia is shipping oil to North Korea above UN mandated levels, White House says
A crude oil tanker sails in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File Photo
energy and resources
Shell smashes forecasts with US$7.7-billion quarterly profit
FILE PHOTO: A view shows a board with the logo of Shell at the company's fuel station in Saint Petersburg, Russia May 6, 2022. REUTERS/Anton Vaganov
energy and resources
Canadian Natural Resources says it sees path to hike Horizon oil sands output by 76%
FILE PHOTO: A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alberta, Canada, June 30, 2009. REUTERS/Todd Korol/File Photo
energy and resources
Oil settles near 7-week lows, focus shifts to economy
Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer
market news
The close: Major North American indexes higher, led by Nasdaq, amid plethora of mixed earnings
Traders work on the floor at the New York Stock Exchange in New York, Wednesday, May 1.
report on business
After years of delays and cost overruns, the $34-billion Trans Mountain pipeline expansion project finally opens
FILE PHOTO: A drone view of three berths able to load vessels with oil is seen after their construction at Westridge Marine Terminal, the terminus of the Canadian government-owned Trans Mountain pipeline expansion project in Burnaby, British Columbia, Canada, April 26, 2024. REUTERS/Chris Helgren/File Photo
report on business
Port of Vancouver constraints for Trans Mountain pipeline may crimp oil exports
FILE PHOTO: A cargo ship passes under Lions Gate Bridge into the Port of Vancouver, which would see a seven-fold increase in the amount of oil tankers if Kinder Morgan's Trans Mountain Pipeline expansion is approved, in Vancouver, British Columbia, Canada November 18, 2016. REUTERS/Chris Helgren/File Photo
report on business
Cenovus Energy beats profit estimate on production boost
Cenovus Energy must pay a $2.5 million fine for its role in the largest offshore oil spill ever recorded in Newfoundland and Labrador. Cenovus logos are displayed at the Global Energy Show in Calgary, Tuesday, June 7, 2022.THE CANADIAN PRESS/Jeff McIntosh
market news
The close: Stocks mixed as Fed leaves investors guessing as to when rate cuts will arrive
NEW YORK, NEW YORK - APRIL 29: Traders work on the floor of the New York Stock Exchange during morning trading on April 29, 2024 in New York City. Stocks opened high Monday morning amid a Federal Reserve rate decision and the monthly jobs report later this week. (Photo by Michael M. Santiago/Getty Images)
report on business
Imperial Oil shareholders reject proposal to disclose effects of energy transition
FILE PHOTO: The Imperial Strathcona Refinery which produces petrochemicals is seen near Edmonton, Alberta, Canada, October 7, 2021. REUTERS/Todd Korol/File Photo
report on business
Trans Mountain pipeline expansion gets green light to open for May 1
Workers lay pipe during construction of the Trans Mountain pipeline in Abbotsford, B.C., on Wednesday, May 3, 2023. THE CANADIAN PRESS/Darryl Dyck
economy
Canadian economy loses steam after strong start to year, grows 0.2% in February
Statistics Canada says manufacturing sales rose 0.7 per cent to $72.3 billion in March, boosted by gains in the motor vehicle, aerospace product and parts, and primary metal industries. General view of production along the Honda CRV production line is shown during a tour of a Honda manufacturing plant in Alliston, Ont., Wednesday, Apr. 5, 2023. THE CANADIAN PRESS/Cole Burston
market news
The close: Major indexes fall after wage data; cannabis shares surge on U.S. regulatory move
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto in January of 2019.
advisor mutual funds
How three fund managers are playing the energy bull market
The U.S. ban on all but the tiniest exports was imposed in the 1970s after the Arab oil embargo, and now rocketing production is widening the price gap between WTI and Brent crude.
report on business
Crude shipments beginning to flow on expanded Trans Mountain pipeline
Construction of the Trans Mountain pipeline is seen under way in Kamloops, B.C., Tuesday, Sept. 1, 2020. THE CANADIAN PRESS/Jonathan Hayward
report on business
Shareholders push climate resolution on asset retirement obligations at Imperial Oil
The Kearl Oil Sands project plant, belonging to Imperial Oil Ltd. (parent company Exxon Mobil), near Fort McMurray, Ab. on Tuesday, June 13, 2017. THE CANADIAN PRESS IMAGES/Larry MacDougal
energy and resources
New Brunswick police no longer investigating most thefts of fuel from gas stations
Blue and red flashing sirens of police car during the roadblock in the city. Police patrol car with sirens off during a traffic control.
energy and resources
Reliance Industries buys its first Canadian crude from Trans Mountain pipeline, sources say
A guard walks past the Reliance Industries logo near the entrance of Dhirubhai Ambani Knowledge City in Navi Mumbai, March 15, 2024. REUTERS/Francis Mascarenhas/ File photo
globe climate newsletter
Globe Climate: So Canada bought a pipeline. Now what?
energy and resources
Trans Mountain pipeline expansion project ushers in new era for oil sands hub Fort McMurray
Mark Clark at the Cenovus Christina Lake oilsands facility steam-assisted gravity drainage (SAGD) pad southeast of Fort McMurray, Alta., on Wednesday, April 24, 2024. Company representatives say this pad, using the most current technology, requires less energy per wellhead to harvest bitumen than earlier versions. THE CANADIAN PRESS/Amber Bracken
market news
The close: Stocks higher as investors focus on Fed moves
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 26.
report on business
After 12 years, the $34-billion Trans Mountain pipeline is finally finished. But what happens next?
energy and resources
Cenovus fined $2.5-million for role in biggest oil spill in Newfoundland and Labrador history
Cenovus Energy must pay a $2.5 million fine for its role in the largest offshore oil spill ever recorded in Newfoundland and Labrador. Cenovus logos are displayed at the Global Energy Show in Calgary, Tuesday, June 7, 2022.THE CANADIAN PRESS/Jeff McIntosh
energy and resources
Imperial Oil marks record first-quarter production at Kearl project ahead of Trans Mountain start
FILE PHOTO: General view of the Imperial Oil refinery, located near Enbridge's Line 5 pipeline in Sarnia, Ontario, Canada March 20, 2021. REUTERS/Carlos Osorio/File Photo
market news
The close: Major North American indexes rise as megacap tech stocks rally
A trader works on the floor at the New York Stock Exchange (NYSE) on April 25.
energy and resources
Precision Drilling seeing boost in demand as Trans Mountain start nears
Precision Drilling Corp. has signed an agreement to acquire CWC Energy Services Corp. in a deal valued at about $141 million including shares, cash and assumed debt. Trainees Dan Brook and Bradley Williams are directed by instructor Clint Dyck while training to lay down drill pipe on a rig floor, at Precision Drilling in Nisku, Alta., on January 20, 2016. THE CANADIAN PRESS/Jason Franson
market news
The close: U.S. stocks fall as GDP report spreads rate-cut gloom; Alphabet surges 15% in post market
Traders work on the floor of the New York Stock Exchange shortly after the opening bell, Wednesday, April 24.
energy and resources
Oil steadies as U.S. fuel demand concerns face Middle East supply risks
FILE PHOTO: An oil pumpjack is pictured in the Permian basin, Loco Hills regions, New Mexico, U.S., April 6, 2023. REUTERS/Liz Hampton/File Photo
opinion
One small reference to carbon removal in 2024 budget, one big leap for Canada?
Lucy Hargreaves

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