No Pipelines Until Billions In Carbon Capture?
Prime Minister Mark Carney said any new crude pipeline to tidewater will proceed only if “billions” are committed to a major carbon capture system, calling the Pathways project a “necessary condition to unlock those pipelines,” while unveiling five preferred projects—none of them a crude pipeline—under June’s new fast-track law. Under Bill C-5 (Building Canada Act), […]
Bank of Canada Poised for Rate Cuts As Job Losses Mount
The Bank of Canada appears set to resume interest rate cuts next week following a dramatic weakening in Canada’s labor market that has economists and investors betting on monetary easing. Statistics Canada reported Friday that the country shed 66,000 jobs in August, crushing forecasts that called for a modest 5,000 increase. The unemployment rate jumped […]
Carney Picks Five For Major Projects, No Pipelines
Prime Minister Mark Carney referred only five projects to the new Major Projects Office for accelerated review, omitting oil pipelines and drawing criticism that the inaugural national interest list mostly rebrands work already underway rather than speeding anything new. The government says the five represent “more than $60 billion” in prospective investment, with MPO’s mandate […]
Empire Company Q1 2026: Free Cash Flow Sinks 66% Despite Record EPS
Empire (TSX: EMP.A) reported fiscal Q1 2026 results showing 1.5% jump in sales to $8.26 billion from $8.14 billion in the comparable period last year. Cost of sales grew just 0.2% to $6.02 billion while selling and administrative expense rose 3.9% to $1.89 billion on higher retail and supply-chain labour and incentive accruals. Gross profit […]
Ontario Begins Road Construction to Controversial Ring of Fire Mining Region
Ontario announced Wednesday it will invest nearly $62 million to begin building infrastructure for a road network to the mineral-rich Ring of Fire region, marking the first physical construction step in a project that has faced years of Indigenous opposition. The province will rehabilitate a 5-kilometer stretch of road in Geraldton that will serve as […]
Ontario Suspends Commercial Truck Drivers’ Licenses Over Alleged Training Fraud
Ontario’s Ministry of Transportation has suspended the commercial driver’s licenses of hundreds of truck drivers who officials believe obtained their credentials through fraudulent testing and training processes, according to suspension letters sent this week. The ministry mailed notices to drivers stating their Class A licenses were suspended for 90 days effective immediately, with orders to […]
Alexei Navalny’s Widow Calls For EU To Reject Russian Visa Ban
EU members have been considering stricter tourist visa rules following increased Russian applications over the summer. Some reports suggest a complete tourist visa ban could take effect as early as September 12. Yulia Navalnaya, widow of late opposition leader Alexei Navalny, urged the European Union not to impose restrictions on tourist visas for Russian citizens, […]
Poll Shows 6 In 10 Canadians Back Ottawa Removing 100% Levy on Chinese EVs
Ottawa is reviewing whether to scrap the 100% tariff on Chinese-made electric vehicles, and 62% of Canadians back the removal according to a Nanos Research survey for CTV News. The poll’s detail shows 29% “support” and 33% “somewhat support,” while 13% “somewhat oppose,” 16% “oppose,” and 9% “unsure.” The finding lands as Statistics Canada reported […]
Zero Pipelines On Ottawa’s National Interest Projects List
Ottawa’s first “projects of national interest” list contains zero oil pipelines, according to three sources who told Radio-Canada ahead of Thursday’s announcement. A senior source quoted by Radio-Canada was unequivocal: “There is no [oil] pipeline project on the table,” despite repeated campaign-trail framing of Canada as an “energy superpower.” Prime Minister Mark Carney previously left […]
Over $80B Deficit Estimated As Carney Budget Update Still Missing
Prime Minister Mark Carney’s budget is being put into question in reference to disclosing the size of his government’s 2025 deficit, as estimates from the Bloc Québécois and Conservatives now bracket the shortfall between $80 billion and $84 billion, the largest since the pandemic and well above Ottawa’s prior track. The 2025 budget year began April 1, […]