9 result(s) for “Energy”
Calgary based Suncor Energy agreed to sell its interests in the Terra Nova, White Rose and West White Rose offshore projects to London based Ithaca Energy for C$1.2 billion in upfront cash plus contingent payments, a deal that accelerates Ithaca's first international expansion and frees Suncor to boost shareholder returns and focus on core assets in Alberta.
A busy week for Canada’s economy starts Monday with Quebec’s provincial election and builds toward key statistics and corporate results that could shape markets and policy. Analysts will be watching trade figures, an industry aviation conference, Aritzia’s quarterly report and Statistics Canada’s September jobs release.
Ottawa’s decision to list the proposed Pacific Link pipeline as Canada’s first Project of National Interest has heightened immediate business calculations and political tensions, with industry, provincial leaders and Indigenous groups all recalibrating plans for jobs, investment and consultation.
With the federal government fast tracking the Pacific Link pipeline, Canadian oil producers and contractors are preparing for major capital bills to expand output and transport capacity. Analysts warn the move will push spending into the tens of billions and reshape regional labour markets and provincial finances.
Chancellor Friedrich Merz’s CDU has failed to enter the Mecklenburg-Western Pomerania parliament after winning just 4.9% of the vote, while the AfD finished first and the SPD placed a close second.
MediaTek has launched the Dimensity 9600 Pro, built using TSMC's advanced 2-nanometre technology, as chipmakers race to bring faster generative AI processing directly onto premium smartphones.
London-based Mantic has raised $25 million after its AI forecasting system outperformed human competitors in a major prediction tournament, drawing interest from businesses, government agencies and financial firms.
The Bank of Japan has raised its policy rate to 1.25%, its highest level in 31 years, as inflation risks increase. Yet the yen weakened after the decision, highlighting uncertainty over how quickly Japan will continue tightening monetary policy.
Toyota estimates it could spend around $6.4 billion annually from 2028 to modernise factories, accelerating automation and robotics as the global auto industry confronts labour shortages, ageing plants and rising manufacturing costs.