Ottawa to post $343B deficit as spending hits levels not seen since Second World War

Finance Minister Bill Morneau tabled a fiscal snapshot today that shows the federal government’s deficit is…

Air Transat to use jet fuel made from captured carbon dioxide

Air Transat is looking to reduce greenhouse gas emissions from its airplanes by using jet fuel…

Irving Oil blames pandemic for decision to cut 250 employees

Irving Oil is cutting 250 people from its workforce in Canada, the United States, Ireland and…

Brooks Brothers files for bankruptcy protection

The storied Manhattan clothier Brooks Brothers is filing for bankruptcy protection. The company that says it’s…

Cenovus CEO calls U.S. court order on Dakota pipeline ‘disturbing’

A U.S. judge’s order to shut down the Dakota Access pipeline for additional environmental review — more than…

U.S. looking at banning Chinese social media apps, including TikTok, Pompeo says

Secretary of State Mike Pompeo said on Monday that the United States is “certainly looking at”…

Walmart pulls ‘All Lives Matter’ shirts following protests, but Amazon is still selling them

Walmart has pulled merchandise bearing the slogan “All Lives Matter” sold by independent dealers on its website.…

Global oil demand rebound from pandemic’s lows prompts price spike forecasts

Oil analysts say a rebound in the world’s hunger for oil has already started after demand…

Companies that laid off workers due to COVID tell Bank of Canada they plan to rehire this year

Companies that have laid off workers are telling the Bank of Canada they plan to refill…