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
The pace of housing starts in Canada fell by 22 per cent in November, the Canada Mortgage and Housing Corp. said Friday. The agency says the monthly seasonally adjusted annual rate of housing starts in November came in at 212,624 units, down from 272,264 in October. A housing start is defined as the beginning of construction work … Read more
Health Minister Mark Holland signalled Tuesday the government is unlikely to meet the end-of-the-year deadline imposed by the NDP for passing pharmacare legislation — a condition of the supply-and-confidence agreement that was struck to keep the Liberals in power until 2025. Holland said talks are ongoing with NDP MP Don Davies, the party’s health critic, … Read more
All major industry players need to sign on to the grocery code of conduct in order for it to be successful, said Metro Inc. president and CEO Eric La Flèche. La Flèche told MPs Monday at a House of Commons agriculture committee meeting on stabilizing food prices that Metro is willing to sign the code of … Read more
The recent surge in newcomers is adding to inflation through housing demand, a senior Bank of Canada official said Thursday, warning rental and home prices could continue to rise without a boost to housing supply. In a speech in Windsor, Ont., deputy governor Toni Gravelle acknowledged many of the benefits coming from this rise in immigration, … Read more
Canada’s newest premier says that in an ideal world, Ottawa would provide his territory with a blanket exemption from the carbon tax. “I mean, ideally, a complete exemption for the territory is what we would hope for,” said R.J. Simpson, chosen this week as premier of the Northwest Territories, in an interview Sunday on Rosemary Barton … Read more
Ottawa will be getting a $40 million refund after it gave Quebec City-based biopharmaceutical company Medicago more than $300 million to develop and manufacture a home-grown COVID-19 vaccine that never made it to market. The news comes after Conservative, Bloc and NDP MPs on the House of Commons health committee grilled staff from Canada’s procurement department this … Read more
The head of Canada’s biggest grocery chain says the looming implementation of the grocery code of conduct would lead to higher prices for consumers, not lower ones. Speaking at a House of Commons agriculture committee meeting on Thursday morning on stabilizing food prices, Galen Weston, executive chairman of the Loblaws group of companies, said his … Read more
Ottawa will require foreigners applying to study in Canada to have double the amount of funds currently required, Immigration Minister Marc Miller said Thursday. He also threatened to cap visas in provinces that don’t help house students or who won’t shut down educational institutions that he argues shouldn’t be operating. “There are, in provinces, the … Read more
Nun cho ga, the baby wooly mammoth whose extraordinarily preserved remains caused a sensation after they were dug up by a miner near Dawson City, Yukon, last year, could soon be heading to Ottawa — at least for a period. The rare specimen — believed to be about 30,000 to 35,000 years old — has been stored in a … Read more
