Oil, gas investment should soar

The Canadian Association of Petroleum Producers says it expects investment in oil and natural gas production in this country to hit $40 billion this year. The industry group says that’s 11% higher than last year and also surpasses pre-COVID-19 pandemic levels. Upstream oil and natural gas investment in Canada reached a low of $22 billion […]

Ugly February finishes poorly

North American stock markets edged down Tuesday to close what has been a rough February for investors. The S&P/TSX composite index closed down 38.94 points at 20,221.19. In New York, the Dow Jones industrial average was down 232.39 points at 32,656.70. The S&P 500 index was down 12.09 points at 3,970.15, while the Nasdaq composite […]

Economy dips, but spending strong

OTTAWA — The Canadian economy was treading water at the end of 2022, the latest GDP report shows, but beneath the disappointing data is resilient consumer spending keeping the economy afloat. On Tuesday, Statistics Canada said real gross domestic product was unchanged in the fourth quarter of 2022 after five consecutive quarters of growth. The […]

New week starts well for index

North American markets moved higher Monday as investor sentiment rallied in the aftermath of what was the worst week for stocks so far this year. The S&P/TSX composite index was up 40.94 points at 20,260.13. In New York, the Dow Jones industrial average was up 72.17 points at 32,889.09. The S&P 500 index was up […]

Newspapers dump Dilbert

TORONTO — A media backlash against the Dilbert comic strip took hold in Canada on Monday as several of the country’s biggest newspapers announced they were dropping the office-set cartoon over recent remarks by its creator. The Toronto Star published a note in Monday’s edition stating the strip will no longer appear in its weekend […]

Financial sector lifts index

Canada’s main stock index held firm Friday, buoyed by sturdy energy and financial sectors despite an initial dip prompted by a jitter-inducing inflation report out of the U.S, where markets fell. The S&P/TSX composite index nudged up 31 points to close out the week at 20,219.19. “The banks and financials, which are 30 per cent […]

Canadian oil and gas stable

CALGARY — When Russian tanks and troops rolled into Ukraine one year ago, it was no shock that crude prices spiked above US$100 per barrel for the first time since 2014. With Russia controlling 10% of the world’s crude oil supply, many observers in the early days of the conflict predicted the war and Western […]

Google upsets Canadian media

OTTAWA — Advocates for the print and digital media industry are pushing back against Google, which they believe is bullying Canadians by limiting access to online news as part of a fight with Ottawa. “Canadians are going see this as a foreign company that is bullying Canadians, and I don’t think that this is going […]

Keep death costs down

If you’ve ever thought about what kind of funeral you’d like to have, you might be interested in planning it yourself—or even paying for it while you’re still alive. In fact, experts say it can be a smart financial decision. That’s what Janet Gray, an advice-only financial planner with Money Coaches Canada, did recently. She […]

Markets hit ‘choppy waters’

TORONTO — Canada’s main stock index was down almost 1.3% Tuesday with broad-based losses led by technology, health care and financials, while U.S. stock markets slid more than 2%. The S&P/TSX composite index was down 262.60 points at 20,252.64. In New York, the Dow Jones industrial average was down 697.10 points at 33,129.59. The S&P […]