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Oil and gas production forecast to rise despite lower energy use per person: CER

Oil and gas production forecast to rise despite lower energy use per person: CER

CALGARY — Slower growth in domestic fossil fuel consumption is expected over the next 20 years as Canadians use more renewable energy and cut their energy use per capita, according to a new forecast from the Canada Energy Regulator.

Short-term rental operators seek to appeal Toronto ruling on bylaws

TORONTO — A group is seeking to appeal a November ruling that upheld the City of Toronto's rules for the Airbnb-type rentals.
November home sales in Vancouver roughly in line with 10-year average

November home sales in Vancouver roughly in line with 10-year average

VANCOUVER — The Real Estate Board of Greater Vancouver says home sales returned to around historically typical levels in November after a quieter first half of the year. The board says 2,498 homes sold in the month for a 55.
BMO trimming five per cent of workforce, with cuts spread across business

BMO trimming five per cent of workforce, with cuts spread across business

TORONTO — The Bank of Montreal's fourth-quarter profit fell to $1.19 billion as it was hit by a restructuring charge related primarily to severance that will affect about five per cent of its global workforce.
Huawei moving US research centre to Canada, founder Ren Zhengfei says

Huawei moving US research centre to Canada, founder Ren Zhengfei says

BEIJING — The founder of Huawei says the Chinese tech giant is moving its U.S. research centre to Canada due to American sanctions on the company.
Cleveland-Cliffs buying AK Steel in $1.1B stock deal

Cleveland-Cliffs buying AK Steel in $1.1B stock deal

Cleveland-Cliffs will buy AK Steel in a stock deal valued at about $1.1 billion.
If you need to ship your holiday gifts, plan ahead or end up paying more

If you need to ship your holiday gifts, plan ahead or end up paying more

When Jordann Brown was a student, she once was so caught up with exam season that she forgot to get her Christmas gifts in the mail ahead of the holidays.
Suncor keeps 2020 oil budget flat, approves $300-million wind farm project

Suncor keeps 2020 oil budget flat, approves $300-million wind farm project

CALGARY — Oilsands giant Suncor Energy Inc. says it will keep capital spending related to its oil operations flat next year while moving forward with a new $300-million wind power project in southern Alberta.
CN cuts profit guidance due to strike, layoffs still planned despite backlog

CN cuts profit guidance due to strike, layoffs still planned despite backlog

MONTREAL — Canadian National Railway Co. cut its profit forecast Tuesday in the wake of an eight-day strike by 3,200 workers that brought the railway to a near halt.

Endeavour Mining makes $2.5B bid for Centamin after failing to reach deal

TORONTO — Endeavour Mining Corp. is offering to buy Centamin PLC in a stock-swap deal that values the gold miner at roughly $2.5 billion, based on stock values just prior to the announcement.