Oil & Gas and Mining News

CALGARY — Suncor Energy Inc. says it earned $818 million in the fourth quarter of 2024, down from $2.82 billion a year earlier, as it saw upstream production rise.

QUÉBEC — The Quebec government says it would be open to reviving a liquefied natural gas project in the Saguenay region to transport Alberta energy overseas, as a way to reduce the country's reliance on the United States as an export market.

WASHINGTON — Key cabinet ministers returned to Washington Tuesday to keep pressing Canada's economic case as a month-long pause on Donald Trump's tariff threat has done little to ease Canada's concerns.

BEIJING (AP) — China announced retaliatory tariffs on select American imports and an antitrust investigation into Google on Tuesday, just minutes after a sweeping levy on Chinese products imposed by U.S. President Donald Trump took effect.

EDMONTON — Alberta Premier Danielle Smith says she's "greatly heartened" by U.S. President Donald Trump's tariff pause, saying the eleventh-hour deal with Canada follows through on a border security measure she had been calling for.

WASHINGTON — Prime Minister Justin Trudeau says Canada will hit back with steep, immediate retaliatory tariffs on American goods after U.S. President Donald Trump confirmed he is moving ahead with devastating duties on Canada starting Tuesday.

EDMONTON — With U.S. tariffs on Canadian goods set to begin Tuesday, business groups say even the reduced tariff on Canadian energy will damage economies on both sides of the border. U.S.

OTTAWA — U.S. President Donald Trump signed an order Saturday to impose tariffs of 10 per cent on Canadian energy and 25 per cent on everything else beginning on Feb. 4.

CALGARY — Alberta Premier Danielle Smith and Canada's energy industry say they will await details before responding to the latest threat by U.S. President Donald Trump surrounding tariffs.

TORONTO — RBC has quit the UN-backed Net-Zero Banking Alliance, leaving none of Canada's Big Six banks represented in the group.