ADVERTISEMENT

‘Take it to the next level’: Oil and gas industry players embracing AI and other tech

Haul trucks, shovels, pumps and pipes are common sights at Imperial Oil’s vast oilsands operations in northeastern Alberta, but so too are robots and drones, with generative artificial intelligence a newer addition to the technological mix.

Hudson’s Bay garnered 17 bids in process to find new owner for retailer, assets: docs

A new court filing shows a process meant to find a new owner for Hudson’s Bay and its assets has yielded 17 bids.

Wall Street and other markets hold steady ahead of a highly anticipated U.S.-China meeting on trade

U.S. stocks drifted through a quiet Friday as Wall Street closed an unusually calm week.

Stakes in WestJet sold to other airlines, including Delta

Onex Corp. is selling minority stakes in WestJet to Delta Air Lines and Korean Air in a US$550-million deal that aims to position the Calgary-based airline for growth abroad.

GM Oshawa plant to be hit with more layoffs next month, union says

General Motors is cutting production at its assembly plant in Oshawa, resulting in rotating layoffs, the workers’ union says.

White House downplays North American auto industry’s concerns about U.K. trade deal

The White House is downplaying the North American automobile industry’s claim that U.S. President Donald Trump’s new trade deal with the United Kingdom could make the sector less competitive.

Cineplex CEO optimistic about near-term future of movie business despite tariff talk

Just days after U.S. President Donald Trump started making threats to impose 100 per cent tariffs on foreign-made films, the head of Canada’s biggest cinema chain surprisingly had some pep in his voice.

Jobless rate rises as tariffs take ‘bite’ out of Canada’s labour market in April

The national unemployment rate ticked up to 6.9 per cent in April as the manufacturing sector started to strain under the weight of tariffs from the United States, Statistics Canada said Friday.

Air Canada lowers financial forecast amid declining cross-border travel

Air Canada lowered its financial forecast for the year as travellers shy away from trips to the United States, pushing the country’s largest airline to boost flight capacity outside America and rein in costs amid bigger quarterly losses.

Trump keeps 10% tariffs on U.K. but cuts taxes on British autos, steel and aluminum with trade deal

President Donald Trump has agreed to cut tariffs on U.K. autos, steel and aluminum in a planned trade deal with Britain, which would buy more American beef and streamline its customs process for goods from the United States.

S&P/TSX composite up nearly 100 points, with energy leading the way

Canada’s main stock index closed up nearly 100 points, with energy leading the way.

Trump’s trade war threatens Canadian economic gains, Bank of Canada warns

The Bank of Canada says household finances and the financial system were showing signs of increased resilience as the year started, but the threat of a prolonged trade war has pushed risks higher overall.

Average asking rents down annually for seventh straight month at $2,127: report

The national average asking rent in April was down year-over-year for the seventh straight month at $2,127, marking a decrease of 2.8 per cent.

Head of Linamar says U.S. tariffs have had ‘minimal impact’ on auto parts maker

The head of one of Canada’s largest auto parts suppliers says that despite months of handwringing over U.S. President Donald’s Trump’s tariffs and how they would impact the automotive industry, her company has been mostly unscathed by them so far.

Four small modular reactors at Darlington to cost $21 billion to build

Construction on the first of four small modular reactors at a nuclear station east of Toronto is set to begin this year with the entire project costing $21 billion.