Business

An Edmonton man who admitted to breaching Alberta securities laws by illegally distributing securities to investors and acting as an unregistered dealer has been ordered to pay a $40,000 penalty and stop trading and buying securities or derivatives.  Devon Christopher Edwards and KB Crypto Inc. ordered to pay $40K penalty. …

Some businesses in Canada who took out a CEBA loan may be hoping in vain for a last-minute reprieve and one more chance at free money from the federal government, but others involved say it’s time to move past trying to shift the deadlines for repayment. Trudeau confirms no extension, …

The increase in executive pay came as the oil and gas sector rebounded from years of downturn and low commodity prices, according to a report by the Bedford Consulting Group. New report says pay has soared along with industry’s post-pandemic resurgence. CEO pay in the oil and gas sector has …

Part of the Sucro Can refinery’s operations will be above the contaminated Randle Reef, which will be capped before the plant opens. Port authority head says Ontario companies are ‘craving’ the sweet supply. A new sugar refinery set to open in Hamilton’s port lands in 2025 promises to be Canada’s …

The local stock market weakened further on news of a lower-than-expected growth of the Chinese economy. The main index fell 64.49 points or 0.97 percent to close at 6,572.51 led by the plunge of the Mining and Oil sector. Volume rose to 590 million shares worth P6.68 billion as losers …

Alberta oil production hit an all-time record in November, as oilsands companies ramped up output to prepare for the imminent completion of the Trans Mountain pipeline expansion.  Province averaged 3.8 million barrels per day in the first 11 months of 2023. Alberta oil production hit an all-time record in November, …

Canada’s annual inflation rate was 3.4% in December, according to data released by Statistics Canada on Tuesday, after a 3.1% increase in both October and November.  Higher measurement comes after October and November held steady at 3.1%. Canada’s annual inflation rate jumped to 3.4 per cent in December, according to …

Canada’s housing market is seeing some of the lowest annual sales volumes in more than a decade nationally, according to the latest statistics from the Canadian Real Estate Association.  Sales up in December, but experts cautious about calling it a trend. Canada’s housing market is seeing some of the lowest …

Canadians are cutting back on spending more, while mortgage holders say they are confident they can keep up with higher payments, according to a new survey out from the Bank of Canada.  About two-thirds of consumers have plans to cut back. A Bank of Canada survey finds Canadians are increasingly …

If you’ve been trying to save money on your grocery bill by waiting until fresh food is marked down to 50 per cent, get ready for some sticker shock on your next visit to a Loblaw-owned grocery store.  Senior who relies on discount calls move ‘a slap in the face.’ …