Business

B.C.'s deficit forecast up $450M to $13.8B after calculation errors on gas royalties

VICTORIA — The British Columbia deficit forecast has grown by $450 million to a record-setting $13.8 billion, largely because of a "calculation error" on natural gas royalties, in a situation one critic describes as a state of "fiscal crisis."

7h ago

Day one of investment summit sees billion-dollar announcements, changes to tax policy

OTTAWA — Hundreds of executives and global asset managers are in Toronto this week for Canada's first-ever national investment summit.

8h ago

What the closure of Saudi Arabia's East-West pipeline could mean for oil flows

CHICAGO (AP) — Saudi Arabia's closure of a major oil pipeline after a recent attack is raising fears that global energy markets in crisis because of the war with Iran could face even starker shortages, pushing prices higher for fuel and other essentials.

8h ago

Bell AI data centre expansion in Sask. announced at investment summit

TORONTO — Bell Canada intends to quadruple the size of its planned data centre project in Saskatchewan, Prime Minister Mark Carney and Saskatchewan Premier Scott Moe announced at Canada's first-ever investment summit on Monday.

7h ago

Canadian manufacturing sales down 0.4 per cent at $78.7 billion in July

OTTAWA — Statistics Canada says manufacturing sales fell 0.4 per cent to $78.7 billion in July.

13h ago

Flair Airlines secures $76-million bailout from Ottawa as fuel costs soar

The federal government has approved $76 million in emergency aid for Flair Airlines as the high price of jet fuel continues to bleed money from carriers. Flair CEO Len Corrado said in an interview the...

13h ago

Trump calls AI risks a 'hoax,' says there is a 'SICK conspiracy' against AI and data centers

WASHINGTON (AP) — President Donald Trump on Monday lashed out against concerns about rogue artificial intelligence, claiming that any efforts to limit the technology are part of a “SICK conspiracy.”

9h ago

EPA eliminates rule that limits planet-warming greenhouse gas emissions from power plants

WASHINGTON (AP) — The Environmental Protection Agency said Monday it is repealing rules that limit planet-warming greenhouse gas emissions from power plants fueled by coal and natural gas and announced it is taking a separate but related step to prevent future administrations from regulating climate pollution from power plants.

11h ago

The perks and drawbacks of using your personal cell as a work phone

Leaving your work cellphone behind as you embark on a days-long hike or head out for dinner at your favourite restaurant is a clear indication: you're off the clock.

15h ago

Jazz Aviation reaches tentative contract with flight attendants

HALIFAX — Jazz Aviation LP says it has reached a new tentative contract with the union representing its flight attendants.

21h ago