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US Treasury Department issues guidelines around a new tax credit for sustainable aviation fuel

US Treasury Department issues guidelines around a new tax credit for sustainable aviation fuel

The Biden administration released long-awaited guidance on Friday around tax credits for aviation fuel that reduces emissions of greenhouse gases compared with fuel made from crude oil.
Macklem says 2024 likely to be ‘transition’ year as economy slows, inflation falls

Macklem says 2024 likely to be ‘transition’ year as economy slows, inflation falls

OTTAWA — Bank of Canada governor Tiff Macklem says he expects 2024 to be a transition year as higher interest rates slow down the economy, making way for lower inflation.
Prince Harry claims vindication in court victory as judge finds British tabloid hacked his phone

Prince Harry claims vindication in court victory as judge finds British tabloid hacked his phone

LONDON (AP) — Prince Harry's phone was hacked by journalists and private investigators working for the Daily Mirror who invaded his privacy by snooping on him unlawfully, a judge ruled Friday, delivering an historic victory for the estranged royal wh
CPPIB part of joint venture to buy stake in Signature Bank loan portfolio

CPPIB part of joint venture to buy stake in Signature Bank loan portfolio

TORONTO — The Canada Pension Plan Investment Board is part of a group that has signed a deal to buy a 20 per cent stake in a joint venture that will hold a US$16.
Trans Mountain warns regulator of potential 'catastrophic' two-year pipeline delay

Trans Mountain warns regulator of potential 'catastrophic' two-year pipeline delay

CALGARY — The company building the Trans Mountain pipeline expansion is warning the project's completion could be delayed by two years if the Canada Energy Regulator does not allow a previously rejected request for a pipeline variance.
Auto dealers association demands more EV charging stations, improved affordability

Auto dealers association demands more EV charging stations, improved affordability

OTTAWA — The Canadian Automobile Dealers Association is raising concerns about electric vehicle affordability and charging infrastructure.
CMHC says annual pace of housing starts in Canada down 22% in November

CMHC says annual pace of housing starts in Canada down 22% in November

OTTAWA — The annual pace of housing starts in Canada fell 22 per cent in November as work began on fewer multi-unit projects, Canada Mortgage and Housing Corp. said Friday.
Rogers Sugar strike at impasse, company says as it pauses talks with union

Rogers Sugar strike at impasse, company says as it pauses talks with union

VANCOUVER — Rogers Sugar Inc. says it is pausing negotiations after the union representing striking workers at its Vancouver refinery rejected the company's latest offer. Workers at the refinery have been on strike since Sept.
Wholesale sales, excluding petroleum products and oilseeds and grains, down

Wholesale sales, excluding petroleum products and oilseeds and grains, down

OTTAWA — Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseeds and grain, fell 0.5 per cent to $81.7 billion in October.
2 attacks launched from rebel-held Yemen strike container ships in vital Red Sea corridor

2 attacks launched from rebel-held Yemen strike container ships in vital Red Sea corridor

DUBAI, United Arab Emirates (AP) — A ballistic missile fired from rebel-held territory in Yemen slammed into a cargo ship Friday in the Red Sea near the strategic Bab el-Mandeb Strait, following another attack only hours earlier that struck a separat