Cenovus Energy Inc. says its cash-and-stock bid for MEG Energy Corp. offers a premium valuation and certainty over a rival all-stock offer for the oilsands company by Strathcona Resources Ltd.
Canada’s big banks financed about $200 billion in fossil fuel investments last year, compared with about $104 billion to low-carbon energy, a new report says. But the proportion varied from bank to bank.
Canada Post says it will be sending new offers to the Canadian Union of Postal Workers in an effort to move negotiations forward.
The pact includes a plan for Intel and Nvidia to jointly develop PC and data centre chips that will be faster than regular ones, something highly sought after in the rise of AI.
The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday and indicated it will steadily lower borrowing costs for the rest of this year.
The Bank of Canada lowered its key interest rate by 25 basis points to 2.5 per cent on Wednesday, marking its first cut since March.
Ben & Jerry’s co-founder Jerry Greenfield is leaving the ice cream brand after 47 years, saying the independence it once had to speak up on social issues has been stifled by parent company Unilever.
The Alberta government is changing its industrial carbon tax program to let companies avoid paying provincial fees based on emissions by investing in their own emissions reduction projects instead.
The deal is subject to review under the Investment Canada Act, which can be used to block deals deemed against the national interest, including Canada’s economic security.
The union representing Air Canada’s flight attendants requested a cancellation of mediation after members voted against a wage agreement earlier this month, a spokesperson said on Tuesday.