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Agency downgrades Newfoundland and Labrador's credit rating, cites Muskrat Falls

Agency downgrades Newfoundland and Labrador's credit rating, cites Muskrat Falls

ST. JOHN'S, N.L. — Newfoundland and Labrador's credit rating has been downgraded by a major agency in a report citing risks from a high debt level, the over-budget Muskrat Falls hydroelectric project and an unusually ambitious plan to cut spending.
US sanctions Maduro's stepsons for alleged food corruption

US sanctions Maduro's stepsons for alleged food corruption

BOGOTA — The U.S.
Precision Drilling CEO blasts governments for weak energy investment climate

Precision Drilling CEO blasts governments for weak energy investment climate

CALGARY — The CEO of Precision Drilling Corp. lashed out at political leaders in Ottawa, B.C. and Quebec on Thursday during a conference call to discuss his company's second-quarter financial results.
Auxly Cannabis signs $123M deal with tobacco giant Imperial Brands

Auxly Cannabis signs $123M deal with tobacco giant Imperial Brands

Imperial Brands is the latest multinational company to step into the Canadian pot industry, signing a $123-million investment deal with Auxly Cannabis Group that includes a research and development partnership and gives the Vancouver-headquartered fi
Public library in New Brunswick offers free snacks to people in need

Public library in New Brunswick offers free snacks to people in need

FREDERICTON — The people who run the Fredericton Public Library are hoping to satisfy actual hunger as well as the hunger for knowledge.

Canadian animation studio Nelvana sues Oklahoma dispensary over Treehouse logo

TULSA, Okla. — A Canadian animation studio and media company is suing an Oklahoma medical cannabis dispensary chain accusing it of infringing copyright by using a logo long-established in programming aimed at children. Nelvana Enterprises Inc.
Showdown looms as new British PM wants to redo Brexit deal

Showdown looms as new British PM wants to redo Brexit deal

LONDON — On his first full day in office, British Prime Minister Boris Johnson urged the European Union on Thursday to rethink its refusal to renegotiate the Brexit deal, setting himself on a twin-track collision course — with the bloc and his own la
Oilsands companies boost Q2 net incomes by $2 billion thanks to Alberta tax cuts

Oilsands companies boost Q2 net incomes by $2 billion thanks to Alberta tax cuts

CALGARY — The Alberta government's move to cut corporate taxes from 12 to eight per cent has added more than $2 billion to second-quarter net incomes of major oilsands producers Suncor Energy Inc., Husky Energy Inc. and Cenovus Energy Inc.
Hibernia platform still shut down as work continues to clean up oil spill

Hibernia platform still shut down as work continues to clean up oil spill

ST. JOHN'S, N.L. — Efforts continue off Newfoundland's east coast to monitor and clean up oil remaining from the estimated 12,000 litres that spilled from the Hibernia platform last week.
Canadian Solar signs Direct Energy as customer for Alberta project

Canadian Solar signs Direct Energy as customer for Alberta project

GUELPH, Ont. — Canadian Solar Inc. says it has signed on Direct Energy as a buyer for power from its Suffield solar project in Alberta.