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Imperial, ExxonMobil Canada selling Alberta assets to Whitecap for $1.9 billion

Imperial, ExxonMobil Canada selling Alberta assets to Whitecap for $1.9 billion

CALGARY — Imperial Oil Ltd. says it and ExxonMobil Canada have entered into an agreement to sell the Montney and Duvernay oil and gas-producing areas of central Alberta to Whitecap Resources Inc. for $1.9 billion.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,222.74, down 35.58 points.) Athabasca Oil Corp. (TSX:ATH). Energy. Up 10 cents, or four per cent, to $2.59 on 14.5 million shares.
Waning consumer confidence, Fed speeches move North American stock markets lower

Waning consumer confidence, Fed speeches move North American stock markets lower

TORONTO — Waning consumer confidence and Fed warnings about interest rate hikes pushed North American stock markets lower ahead of data Wednesday that could confirm the U.S. is in a technical recession.
Turkey lifts its objections to Sweden, Finland joining NATO

Turkey lifts its objections to Sweden, Finland joining NATO

MADRID (AP) — Turkey agreed Tuesday to lift its opposition to Sweden and Finland joining NATO, ending an impasse that had clouded a leaders’ summit opening in Madrid amid Europe’s worst security crisis in decades, triggered by the war in Ukraine.
Stocks slide on Wall Street as inflation worries persist

Stocks slide on Wall Street as inflation worries persist

NEW YORK — Stocks slid on Wall Street Tuesday as the market remains gripped by uncertainty over pervasive inflation, rising interest rates and the potential for a recession. The S&P 500 fell 2%, the Dow Jones Industrial Average fell 1.
French parliament elects woman as its speaker, for 1st time

French parliament elects woman as its speaker, for 1st time

PARIS (AP) — France’s lower house of parliament on Tuesday elected Yaël Braun-Pivet of President Emmanuel Macron’s centrist alliance as its new speaker. She is the first woman to hold the post.
OSFI makes real estate loan changes aimed at reducing lender risk

OSFI makes real estate loan changes aimed at reducing lender risk

OTTAWA — Canada's banking regulator is tightening requirements for some types of real estate loansto protect homeowners who may be at greater risk from higher interest rates.
Nova Scotia dispatches team to collect shoppers' data for promised buy local program

Nova Scotia dispatches team to collect shoppers' data for promised buy local program

HALIFAX — Nova Scotia's Progressive Conservative government says it will gather information from shoppers this summer as it tries to make good on an election promise to increase demand for local products.
Teck Resources announces carbon capture pilot project in Trail, B.C.

Teck Resources announces carbon capture pilot project in Trail, B.C.

VANCOUVER — Teck Resources Ltd. has announced a carbon capture utilization and storage pilot project at its operations in Trail, B.C. The plant will capture three tonnes per day of carbon dioxide from the acid plant flue gas at the Trail operations.
US consumer confidence slumps to lowest level in 16 months

US consumer confidence slumps to lowest level in 16 months

WASHINGTON (AP) — U.S. consumer confidence slipped to its lowest level in 16 months as persistent inflation and rising interest rates have Americans as pessimistic as they've been about the future in almost a decade.