The Canadian military could have modern satellite coverage in the Arctic a decade earlier than envisioned if the federal government is willing to follow the example of other countries and embrace commercial options in space, a House of Commons committee heard Monday. Mike Greenley, chief executive officer of MDA Canada, told committee members Canada has fallen behind … Read more
The Bank of Canada is getting closer to cutting interest rates as inflation shows signs of coming down and staying down, the central bank’s governor, Tiff Macklem, told MPs Thursday. “We do see renewed downward momentum in underlying inflation. The message to Canadians is, we are getting closer. We are seeing what we need to … Read more
China on Friday launched a lunar probe to land on the far side of the moon and return with samples that could provide insights into differences between the less-explored region and the better-known near side. It is the latest advance in China’s increasingly sophisticated space exploration program, which is now competing with the U.S., still … Read more
U.S. Special Envoy for Hostage Affairs Roger Carstens says he agrees with the Kremlin that silence is essential when it comes to public discussions about prisoner exchanges. “This might be the one time that I’ll agree with the Russians,” Carstens said during an interview on Rosemary Barton Live broadcast on Sunday. He explained that fact checking every … Read more
Canada’s upstream oil and gas industry and drilling services sector has a “very favourable” outlook for 2024, according to Enserva’s State of the Industry report released on Thursday. Key highlights of the report show that oil prices are expected to remain strong, demand will be robust, export capacity will increase, and investment and drilling activity are set … Read more
