Ottawa to Cover Bay du Nord's UN Fees, Up to $1 Billion

The federal government has agreed to cover the United Nations fees for the Bay du Nord offshore oil project, with costs potentially reaching $1 billion. Fisheries Minister Joanne Thompson announced the decision in St. John's.

Bank of Canada Warns of Financial Stability Risks

Bank of Canada Governor Tiff Macklem highlights increasing risks from private credit expansion and hedge fund trading in sovereign debt markets, warning these could amplify global economic instability.

Alberta Enacts New Protections for Condo Owners

The Alberta legislature has passed new measures to enhance consumer protection for condominium owners, addressing concerns over financial transparency and governance in the province's housing sector.

Winnipeg Transit Launches Real-Time Bus Tracking

Winnipeg Transit has introduced a near-real-time bus tracking system, allowing passengers to monitor bus locations via digital platforms, enhancing convenience and reducing wait times in harsh weather conditions.

Capital Power Q4: $13M Loss, Operational Funds Up

Capital Power announced a $13 million net loss for the fourth quarter, while funds from operations showed significant improvement, reflecting ongoing strategic adjustments in the energy sector.

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