Global Shares Fall as Iran Ceasefire Strains
World shares retreated and oil prices fell Friday as the Iran ceasefire faced strains from missile attacks, prompting U.S. retaliatory strikes. U.S. futures rose despite tensions.
Category : Energy Sector
Nintendo raises Switch price, forecasts lower profits
Nintendo announced a price hike for its Switch console in Japan and key markets, citing yen depreciation and rising costs, while projecting a 30% drop in net profit for the fiscal year.
Sherritt Halts Cuban Operations Amid US Sanctions
Sherritt International halts joint venture activities in Cuba after Trump expands sanctions, repatriating employees and dealing a heavy blow to Cuba's economy.
Oilsands Commits to Pathways Carbon Capture, Needs Rules
Canadian Natural Resources executive chair Murray Edwards says the oilsands industry is fully committed to the $20-billion Pathways carbon capture project, but better environmental, fiscal, and regulatory policies are needed to attract investment.
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Global Shares Fall, Oil Prices Dip After Attacks Imperil Iran Ceasefire
World markets declined and oil prices slipped on Friday after attacks threatened the ceasefire with Iran, raising concerns about stability in the Middle East.
Nate Horner: Building Alberta’s Future with Sovereign Wealth Fund
Alberta Finance Minister Nate Horner outlines the province's commitment to growing the Heritage Savings Trust Fund to $250 billion by 2050 through disciplined saving and investment.
Canada's energy boom: IEA says act fast or miss 'golden opportunity'
IEA Executive Director Fatih Birol urges Canada to accelerate energy project development and export diversification, warning that favorable market conditions are temporary.
Carney Should Scrap Industrial Carbon Tax: Analysts
Julio Mejia and Elmira Aliakbari argue the industrial carbon tax harms Canada's economy with minimal environmental benefit, urging its repeal.
CNRL President: Pipeline Vital for Oilsands Growth
Canadian Natural Resources president Scott Stauth says a new West Coast pipeline and competitive policies are essential for significant oilsands expansion.
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Energy Drink Debate in New Brunswick as Quebec Pulls Products
New Brunswick debates energy drink regulations after Quebec pharmacies remove them from shelves over health concerns. The move sparks discussion on caffeine and sugar levels.
Tourmaline Explores Data Centres, Spending Cuts as Gas Prices Fall
Canada's largest natural gas producer, Tourmaline Oil, is cutting costs and exploring a data centre project with a big tech company to combat extremely weak prices in Western Canada.
Quebec Alliance Transit Proposes Gas Tax Hike for Infrastructure
The Alliance Transit group suggests increasing Quebec's gas tax to generate revenue for desperately needed infrastructure repairs, sparking debate on funding solutions.
Tesla applies for UK electricity supply license
Tesla has applied for a license to supply electricity to British homes, marking a major step into the UK energy market.
Sask. Coal Power Extension Cost $26B Over 25 Years
Saskatchewan's plan to extend coal power plant life will cost $26 billion over 25 years, sparking debate on costs and environmental impact.
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Carney's Leadership Boosts N.S. Oil and Gas: Premier
Nova Scotia Premier Tim Houston says Prime Minister Mark Carney's leadership will boost the province's oil and gas exploration, citing federal support for energy development.
Thunder Bay Police Seize $90K in Cash and Drugs
Thunder Bay police seized over $90,000 in cash and illicit drugs following a raid on May 5, capping an investigation that began in April. Two suspects face charges.
Oil Prices Keep Falling, US Stocks Near Record Highs
Oil prices continued their decline while US stocks hovered near record highs. Markets showed mixed results globally amid concerns over fuel costs and economic policies.
Nutrien Q1 Profits Surge on Potash Sales Amid Middle East Conflict
Nutrien Ltd. reported Q1 net earnings of $139 million, up from $19 million last year, driven by higher fertilizer prices and increased potash production due to Middle East supply disruptions.
Air Canada Cuts Routes Due to Fuel Price Surge
Air Canada has announced further route cuts as fuel prices continue to rise. The airline's latest move aims to offset increased operational costs.
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Ottawa Gas Prices Drop 12 Cents per Litre This Weekend
Ottawa drivers can expect relief at the pumps as gas prices are set to drop 12 cents a litre over two days, just in time for the weekend.
Canadian Natural Resources Q1 Profit Hits $1.35B
Canadian Natural Resources posts $1.35B Q1 profit. Also: colorectal cancer screening changes in Ontario, foreign actors boost Alberta separatism content, and more.
Strait of Hormuz hopes lift shares; Brent holds above $100
Global shares rise on optimism over Strait of Hormuz reopening, while Brent crude remains above US$100 per barrel amid supply concerns.
McEwen Posts Strong Q1 Results, Advances Growth Strategy
McEwen Inc. reports Q1 2026 net income of $33.4M, up from a net loss, and advances key projects to double production by 2030.
Metro Vancouver Gas Prices Climb, Relief Expected Soon
Gas prices in Metro Vancouver have risen to $2.309 per litre, with potential relief expected within days. Experts cite refinery maintenance and seasonal demand as factors.
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US studies oil under military bases for reserve refill
The Trump administration is exploring drilling for oil under U.S. military bases to replenish the Strategic Petroleum Reserve, which has hit its lowest level since 1982 amid the Iran conflict.
Canada Should Be Energy Superpower, Cenovus CEO Says
Cenovus Energy CEO Jon McKenzie calls Canada an energy superpower as producers ramp up output amid surging oil prices, with record production and profits in Q1.
Honda Cancels $15B EV Plant, No Taxpayer Money Lost
Honda pulls the plug on its $15-billion EV and battery plant in Alliston, Ontario. Despite promises of up to $5 billion in government support, no funds were disbursed.
Honda cancels $15B EV plant near Alliston
Honda has cancelled plans for a $15 billion EV plant in Alliston, citing U.S. tariffs and declining demand. Prime Minister Carney acknowledges challenges in the auto sector.
Suncor Ramps Up Diesel, Jet Fuel Production for Global Demand
Suncor Energy is increasing diesel and jet fuel production to meet rising global demand, driven by post-pandemic economic recovery and geopolitical factors.
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Suncor on Track to Become Low-Cost Oil Producer
Suncor Energy is poised to become one of North America's lowest-cost oil producers, according to BMO analyst Randy Ollenberger, following strong Q1 earnings.
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