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Business News

  • Alta. oilpatch once again shuts in some production as wildfires rage

    CALGARY - Some oil and gas companies in Alberta are once again shutting in production as hot and dry conditions exacerbate the wildfire situation in the energy-producing province.
  • Wall Street climbs ahead of Election Day, inflation data

    NEW YORK (AP) — Stocks rose on the eve of Election Day as Wall Street looked ahead to the benefits of a possibly split government in Washington, though trading is likely to stay bumpy in a week full of events that could shake the market. The S&P 500 rose 1%, while the Dow Jones Industrial Average gained 1.3% and the Nasdaq composite added 0.9%. Analysts say many investors seem to be making bets that Republicans will take control of at least one house of Congress.
  • Five things you need to know about the Liberals’ fall economic update

    OTTAWA - The federal Liberals unveiled their fall economic update Thursday — a 92-page mini-budget setting out Canada’s fiscal situation and outlining new policies to tackle cost-of-living woes.
  • Justin, take the wheel: experts tell Canada to show tough love at White House

    WASHINGTON - The federal Liberal government was lulled into a false sense of security by the results of last year's U.S. election, say business leaders who want Prime Minister Justin Trudeau to take a harder line with President Joe Biden when he visits the White House this week.
  • US mandates vaccines or tests for big companies by Jan. 4

    Tens of millions of Americans who work at companies with 100 or more employees will need to be fully vaccinated against COVID-19 by Jan. 4 or get tested for the virus weekly under government rules issued Thursday.
  • Growing vaccine mandates reveal split in labour movement

    TORONTO - The head of Canada's largest private sector labour union has a blunt message for Unifor staff: Get vaccinated or find another job.
  • Taliban form all-male Afghan government of old guard members

    KABUL, Afghanistan (AP) — The Taliban on Tuesday announced an all-male interim government for Afghanistan stacked with veterans of their hard-line rule from the 1990s and the 20-year battle against the U.S.-led coalition, a move that seems unlikely to win the international support the new leaders desperately need to avoid an economic meltdown.
  • California's Pacific Gas & Electric charged in 2019 wildfire

    SACRAMENTO, Calif. - A California prosecutor filed 33 criminal charges Tuesday accusing troubled Pacific Gas & Electric of inadvertently injuring six firefighters and endangering public health with smoke and ash in a 2019 fire blamed on its equipment.
  • CP Rail facing little opposition so far to deal for U.S. railway as it shows support

    TORONTO - Canadian Pacific Railway is facing scant opposition so far over its US$25-billion bid for Kansas City Southern in a turn of events from prior takeover efforts.
  • Audit raises concerns about wildfire risks at US nuclear lab

    ALBUQUERQUE, N.M. - One of the nation’s premier nuclear laboratories isn’t taking the necessary precautions to guard against wildfires, according to an audit by the U.S. Energy Department’s inspector general.

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