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Third federal loan guarantee finalized for N.L.'s troubled Muskrat Falls project

Third federal loan guarantee finalized for N.L.'s troubled Muskrat Falls project

ST. JOHN'S, N.L. — Financing has been secured for Ottawa's third loan guarantee propping up a delay-plagued hydro project in Newfoundland and Labrador.
Ukraine nuclear operator: Russian troops leave Chernobyl

Ukraine nuclear operator: Russian troops leave Chernobyl

LVIV, Ukraine (AP) — Russian troops were leaving the Chernobyl nuclear power plant and heading towards Ukraine's border with Belarus, the Ukrainian nuclear operator company said.
A key inflation gauge sets 40-year high as gas and food soar

A key inflation gauge sets 40-year high as gas and food soar

WASHINGTON (AP) — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher prices for food, gasoline and other necessities squeezing Americans' finances.
More Americans apply for jobless benefits; layoffs still low

More Americans apply for jobless benefits; layoffs still low

WASHINGTON (AP) — More Americans applied for unemployment benefits last week, but layoffs remain at historic lows. Jobless claims rose by 14,000 to 202,000 for the week ending March 26, the Labor Department reported Thursday.
OPEC sticks to modest boost in oil despite war jitters

OPEC sticks to modest boost in oil despite war jitters

LONDON (AP) — OPEC and allied oil producers including Russia decided Thursday to stick to a modest increase in the amount of crude they pump to the world, a step that supports higher prices even as the Biden administration plans to try to lower them
Canfor reducing production in Western Canada due to supply chain problems

Canfor reducing production in Western Canada due to supply chain problems

VANCOUVER — Canfor Corp. is cutting production at its sawmills in Western Canada due to what it says are the cumulative effects of the global supply chain crisis that has been ongoing for several months.
Biden planning to tap oil reserve to control gas prices

Biden planning to tap oil reserve to control gas prices

WASHINGTON (AP) — President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation's strategic petroleum reserve, according to two people familiar with the decision, in a bid to control energy prices tha
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (22,075.96, down 11.26 points.) TC Energy Corp. (TSX:TRP). Energy. Down $1.27, or 1.7 per cent, to $71.36 on 11.5 million shares.
Canadian beef consumers could get a break as price fixing class action lawsuit filed

Canadian beef consumers could get a break as price fixing class action lawsuit filed

Canadian beef consumers have a chance of getting some relief from high prices after a second class-action lawsuit has been filed alleging that the country's largest beef suppliers conspired to restrict competition and raise prices.
Carbon capture tax credit a divisive topic; opinions split over potential benefits

Carbon capture tax credit a divisive topic; opinions split over potential benefits

CALGARY — A forthcoming federal tax credit for carbon capture and storage is spurring debate between those who say it will help Canada achieve its emissions reduction goals, and those who view it as a thinly veiled subsidy for the oil and gas industr
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