OTTAWA -- The federal government posted a surplus of nearly $1.1 billion for June -- half a billion less than in the same month last year when the surplus was $1.6 billion.
TORONTO - Concerns about the prolonged decline in the value of crude have left a dark cloud hanging over the banks, but the chief executive of Scotiabank is stressing the positive impacts of oil prices on parts of the country's economy.
Under increasing pressure from opposition parties and industry, the NDP government is set to release details today about Alberta's review of royalty rates paid by oil and gas companies.
Some of Canada's biggest banks are defending their verification practices for mortgage applications in light of recent news that mortgage lender Home Capital Group Inc. cut ties with dozens of brokers over fraud allegations.
Imperial Oil now says the earliest it can start building the Mackenzie Gas Project in N.W.T. is in 2022. The company is asking the National Energy Board to extend the board's approval of the project by seven years.