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market news
The close: Nasdaq, S&P 500 tumble as Netflix, chip stocks drag; TSX gains
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 9.
market news
The close: TSX edges higher as metal prices rally
A Toronto Stock Exchange ticker is seen at The Exchange Tower in Toronto on Thursday, August 18 2011.
energy and resources
U.S. crude stockpiles rise, products draw down as refining falls: EIA
FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford//File Photo
report on business
Pressure mounts on Parkland to consider sale
The Ultramar gas station on Broadview Ave. and Bater Ave. is photographed on Mar 26, 2024. Fred Lum/The Globe and Mail
energy and resources
Wildfire sparked by rupture on TC Energy’s NGTL gas pipeline under control; investigation continues
A wildfire burns near Edson, Alta. in this Tuesday, April 16, 2024, handout photo. A natural gas pipeline owned by TC Energy Corp. ruptured near Edson, Alta. on Tuesday afternoon, sparking a wildfire. THE CANADIAN PRESS/HO, Alberta Wildfire *MANDATORY CREDIT*
market news
The close: TSX snaps losing streak as mining shares rebound
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 9.
energy and resources
BP starts oil production at new offshore platform in Azerbaijan
FILE PHOTO: The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
cost of living
Thinking of trading your gas stove for induction? Here’s what you need to know
Canoe Executive Chef Ron McKinlay is photographed cooking on an induction stove on June 13, 2023. Since it opened 28 years ago, chefs at the Toronto restaurant have been using induction stoves. (Fred Lum/The Globe and Mail)
economy
Canadian manufacturing sales up 0.7% to $71.6-billion in February
Statistics Canada says manufacturing sales rose 0.7 per cent to $71.6 billion in February, helped by higher sales of petroleum and coal. A general view of production along the Honda CRV production line is shown during a tour of the Honda manufacturing plant in Alliston, Ont., Wednesday, Apr. 5, 2023. THE CANADIAN PRESS/Cole Burston
u.s. business
Retail sales up a strong 0.7% in March from February, underscoring resiliency of U.S. consumer
FILE PHOTO: People carrying shopping bags walk inside the King of Prussia shopping mall, as shoppers show up early for the Black Friday sales, in King of Prussia, Pennsylvania, U.S. November 26, 2021. REUTERS/Rachel Wisniewski/File Photo
international business
Oil and gas companies must pay more to drill on public lands under new Biden administration rule
FILE - Pump jacks work in a field near Lovington, N.M., April 24, 2015. Oil and gas companies will have to pay more to drill on public lands and satisfy stronger requirements to clean up old or abandoned wells under a final rule issued Friday, April 12, 2024, by the Biden administration. The Interior Department rule does not go so far as to prohibit new oil and gas leasing on public lands, as many environmental groups have urged and as President Joe Biden promised during the 2020 campaign. (AP Photo/Charlie Riedel, File)
energy and resources
Exxon Mobil moves forward with sixth oil project in Guyana
FILE PHOTO: The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson/File Photo
market news
The close: Stocks sharply lower amid mixed U.S. earnings, sticky inflation and geopolitical fears
The New York Stock Exchange (NYSE) building is seen in New York City, New York, U.S., June 4, 2019.
report on business
RBC fields shareholder questions on climate and Indigenous rights at annual meeting
<p>RBC chief executive Dave McKay speaks at the banks annual meeting in Toronto on April 6, 2017. RBC says it plans to disclose a key climate metric that the New York City Comptroller has been pushing it to adopt. THE CANADIAN PRESS/Frank Gunn</p>
energy and resources
Cenovus Energy to invest $1.5-billion in Ohio refineries over next five years
Athabasca Oil Corp. and Cenovus Energy Inc. have closed a previously announced deal creating a new joint venture stand-alone company called Duvernay Energy Corp. Cenovus Energy logos are on display at the Global Energy Show in Calgary, Alta., Tuesday, June 7, 2022. THE CANADIAN PRESS/Jeff McIntosh
world
Russian air strikes destroy major power plant near Kyiv, damage other stations
Smoke and fire rise from the site of a missile strike, amid Russia's attack on Ukraine, at the Trypilska power station in Kyiv region, Ukraine April 11, 2024, in this screen grab obtained from a social media video. Video Obtained By Reuters/via REUTERS
british columbia
B.C. building code to allow mass timber in buildings up to 18 storeys, up from 12
A new building is being built at the University of British Columbia campus in Vancouver, B.C., Monday, June, 13, 2016. The province is making building-code changes allowing for the use of mass timber in buildings up to 18 storeys, an increase from the previous 12-storey limit. THE CANADIAN PRESS/Jonathan Hayward
energy and resources
Shutdown order for Enbridge’s Line 5 pipeline should be reconsidered, Biden administration says
FILE - Nuts, bolts and fittings are ready to be added to the east leg of the pipeline near St. Ignace, Mich., as Enbridge Inc., prepares to test the east and west sides of the Line 5 pipeline under the Straits of Mackinac in Mackinaw City, Mich., June 8, 2017. Michigan attorneys pressed a federal appellate panel Thursday, March 21, 2024, to move their lawsuit seeking to shut down the portion of an aging pipeline running beneath the Straits of Mackinac from federal to state court, arguing that the state's environmental protection laws are in play. (Dale G Young/Detroit News via AP, File)
energy and resources
Higher oil doesn’t shake industry talk on spending discipline at CAPP conference
Pumpjacks draw out oil and gas from well heads near Calgary, Alta., Friday, April 28, 2023. Both traditional oil and gas stocks as well as Canada's mining and metals sector have benefited from a recent surge of investor interest in energy, new data from the Toronto Stock Exchange shows. THE CANADIAN PRESS/Jeff McIntosh
globe investor
Higher for longer after all? U.S. investors see Fed rates falling more slowly
A trader works on the floor of the New York Stock Exchange as Federal Reserve chair Jerome Powell appears on a monitor on March 20, 2024.
energy and resources
Oil major BP says it expects rise in first-quarter upstream energy output
FILE PHOTO: The logo for a BP petrol station is seen in London, Britain, September 24, 2021. REUTERS/Toby Melville/File Photo
alberta
Albertans lose power in rolling blackouts as grid issues persist
The AESO’s vice president of grid reliability operations, Marie-France Samaroden, told media Friday that the operator’s forecast of how much power would be generated by wind farms had far outstripped actual production, leaving it with a supply shortfall.
energy and resources
Heat-trapping carbon dioxide, methane levels in air last year spiked to record highs again
FILE - A flare burns at a well pad Aug. 26, 2021, near Watford City, N.D. The levels of the crucial heat-trapping gases in the atmosphere reached historic highs in 2023, growing at near-record fast paces, according to the U.S. National Oceanic and Atmospheric Administration. (AP Photo/Matthew Brown, File)
energy and resources
German coalition agrees on financing details of hydrogen network
FILE PHOTO: German Economy and Climate Minister Robert Habeck points at a map showing Germany's hydrogen network during a press conference in Berlin, Germany, November 14, 2023. REUTERS/Fabrizio Bensch/File Photo
energy and resources
Baker Hughes to supply liquefaction technology for Cedar LNG project in Canada
The logo of energy services firm Baker Hughes is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
energy and resources
Latest milestones move Cedar LNG closer to getting a green light
RBC Capital Markets says it expects to see the partners behind the proposed US$3.4-billion Cedar LNG project give it the go-ahead. The Haisla First Nation's Kitimaat Village is seen in an aerial view along the Douglas Channel near Kitimat, B.C., on Tuesday, Jan. 10, 2012. THE CANADIAN PRESS/Darryl Dyck
home of the week
A home of retreats, both outdoor and underwater
Home of the Week, 70A Hillside Dr., Toronto
report on business
Frustrated with inaction, panel tasked with bolstering sustainable finance markets ends its work
Ontario is working toward filling all of the province's quickly growing electricity needs with emissions-free sources, including a plan to secure new renewable generation, but isn't quite ready to commit to a moratorium on natural gas. Wind turbines spin in front of the setting sun near Orono, Ont., on Saturday, March 4, 2017. THE CANADIAN PRESS/Frank Gunn
energy and resources
U.S. crude stocks rose last week, gasoline and distillate inventories fell: EIA
FILE PHOTO: A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant/File Photo
canada
Ottawa probing claims Mi’kmaq men were left at gas station in the middle of the night by fisheries officers
Mi'kmaq elver fishers Kevin Hartling, left, and Blaise Sylliboy, who were arrested over the weekend, stand while having the Strong Woman song sung by members of the community while protesting outside of the Bedford Institute of Oceanography in Halifax on Tuesday, April 2, 2024. Darren Calabrese/The Globe and Mail
energy and resources
Trans Mountain to finish final segment of oil pipeline expansion in April, filing says
FILE PHOTO: The last section of pipeline is assembled on the Trans Mountain pipeline expansion project before operations are expected to begin in the second quarter of 2024, near Laidlaw, British Columbia, Canada, February 18, 2024. REUTERS/Chris Helgren/File Photo
energy and resources
Shell tells Dutch court that landmark 2021 ruling obstructs fight against climate change
FILE PHOTO: A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/File Photo

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