Wells Fargo Downgrades Energy Sector to 'Unfavorable'
Wells Fargo Investment Institute has downgraded the energy sector to 'unfavorable' due to a limited war premium, citing reduced geopolitical risk impact on oil prices.
Category : Business
Toronto Proposes Rule Changes for Food Trucks and Buskers
Toronto is considering regulatory updates to allow more food trucks and amplified buskers, aiming to enhance street life and support small businesses in the city.
Calgary Vehicle Rollover Injures Two in Hazardous Weather
Two individuals sustained serious injuries in a vehicle rollover on Crowchild Trail in Calgary, as the city grapples with freezing drizzle and fog warnings. Police are investigating the incident, which caused traffic delays and highlights dangerous travel
BC Ferries Cancels Sailings Due to Mechanical Issues, Weather
Multiple BC Ferries sailings have been cancelled or are at risk due to a mechanical problem and adverse weather conditions, disrupting travel in British Columbia.
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Flat Housing Prices Highlight Soaring Moving Costs
With spring housing market underway, Canadian homeowners face rising transaction costs including commissions, taxes, and moving expenses that make frequent moves financially challenging.
Wells Fargo Sees No Fed Rate Cuts in 2026 Due to Iran War
Wells Fargo has updated its economic outlook, removing expectations for Federal Reserve interest rate cuts in 2026, citing prolonged geopolitical tensions from the Iran conflict.
County Road 20 in Kingsville Closing for 12 Weeks
A section of County Road 20 in Kingsville between Heritage Road and McCain Road will close for three months for watermain construction, affecting through traffic with detours while local access remains.
AP Announces Buyouts in Shift from Newspaper Journalism
The Associated Press will offer employee buyouts as part of a pivot away from traditional newspaper journalism, reflecting broader industry changes.
Carlsen Startup Takes Aim at Chess.com with New Tools
World chess champion Magnus Carlsen has launched a startup focused on play and learn tools, directly challenging Chess.com's dominance in the online chess education and gaming market.
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Oracle Names Maxson CFO as AI Spending Soars
Oracle has appointed Schneider Electric executive Maxson as its new Chief Financial Officer, a strategic move coinciding with a significant increase in corporate investment in artificial intelligence technologies.
Market Volatility as Trump's Iran Deadline Looms
Financial markets experience significant fluctuations as investors react to geopolitical tensions and a potential U.S. military strike on Iranian infrastructure, with oil prices and stock indices showing heightened volatility.
Miramichi's Centennial Bridge Closes for Rehabilitation Until December
The Centennial Bridge in Miramichi, New Brunswick, will be closed to all traffic until December 2026 for a comprehensive rehabilitation project aimed at ensuring long-term structural integrity and safety.
Oil Shock Exposes Global Economy's Debt Vulnerability
The current oil shock reveals unprecedented vulnerability as governments and central banks face record deficits and debt, limiting their ability to cushion economic impacts compared to past crises.
Oil Prices Rise as U.S., Iran Review Ceasefire Proposal
Global oil prices experienced a slight increase in volatile trading as the United States and Iran examine a new ceasefire framework. The ongoing Middle East conflict continues to impact energy markets and airline operations.
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From California to France: Escaping High Costs for Tranquility
A woman priced out by California's escalating living costs moves to rural France for a peaceful new life, highlighting a growing trend of seeking affordability abroad.
Canada Services Economy Shrinks Amid War-Induced Delays
Canada's services economy experienced contraction in early 2026, with businesses reporting client hesitancy and postponed projects linked to geopolitical tensions in the Middle East.
Canadian Confidence Hits 11-Month Low as Iran War Continues
Canadian consumer confidence has dropped to its lowest level in nearly a year as the ongoing war in Iran drives up energy prices and fuels inflation concerns, with key economic indicators showing significant declines.
Vancouver Parking Caps Promised for FIFA World Cup Amid High Costs
As FIFA World Cup parking costs surge in other host cities, Vancouver's main parking providers EasyPark and Impark commit to maintaining standard rates to avoid price gouging during the tournament.
Canadian Telecom Stocks Fall Amid Price War Warnings
Shares of Canada's major telecommunications companies dropped sharply after analysts downgraded stocks, warning that aggressive price cuts and slowing subscriber growth threaten revenues and profits.
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BlackRock Files for Nasdaq-100 Fund, Rivaling Invesco
BlackRock has filed to launch a Nasdaq-100 fund, escalating competition with Invesco in the ETF market. The move highlights the growing battle for dominance in index fund offerings.
U.S. Markets Mixed, Oil Prices Fall Amid Iran Deadline
U.S. financial markets show mixed performance while oil prices decline, as geopolitical tensions rise with a looming deadline for Iran to open the Strait of Hormuz, impacting global trade and energy sectors.
Urgent Calls for Median Barriers on Sea to Sky Highway
A recent head-on collision on BC's Sea to Sky Highway has intensified demands for median dividers to prevent devastating crashes, with safety advocates citing rising accident statistics and community concerns.
Qatar LNG Tankers Reverse Course, Delaying Exports via Hormuz
Two Qatar LNG tankers abandoned an attempt to exit the Persian Gulf via the Strait of Hormuz, postponing the first exports outside the region since the war began, disrupting global energy flows.
Canada's Energy Role Vital in Global Crisis, Industry Leader Says
Deborah Yedlin argues Canada's oil and gas production is essential for global energy security amid Middle East conflicts and market disruptions, highlighting recent CERAWeek conference discussions.
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Barrick Slows Reko Diq Mine in Pakistan Amid Security Concerns
Barrick Gold Corp. has delayed development at its Reko Diq copper-gold project in Pakistan due to heightened security risks, impacting one of the world's largest mining ventures.
Flooding Closes Highway 17 Lane in Whitefish
Heavy flooding has led to the closure of the eastbound lane on Highway 17 in Whitefish, disrupting traffic and prompting local authorities to issue warnings for motorists.
Gas Price Surge Hits Canadians Harder Than Americans
Soaring gas prices driven by Middle East conflict are squeezing consumers across North America, but Canadians face greater financial strain due to higher debt burdens and weaker disposable income growth compared to Americans.
Goldman Sachs Fund Defies Industry Redemption Surge
Goldman Sachs' private credit fund has demonstrated resilience, avoiding the widespread redemption pressures affecting the broader industry, according to recent reports.
Oil Prices Fall After U.S.-Iran Ceasefire Proposal
Global oil prices declined following reports of a ceasefire framework proposal between the U.S. and Iran, easing supply concerns. OPEC+ plans to increase output once the Strait of Hormuz reopens.
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Attacks Target Iran's South Pars Gas Field Facilities
Iranian media reports that facilities at the massive South Pars natural gas field have been attacked. The field is a critical energy asset for Iran, located on the Persian Gulf coast.
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