Business

OTTAWA — Two Canadian cargo ships are stuck in the Persian Gulf and unable to pass through the blocked Strait of Hormuz as the war in Iran continues. The two ships, owned by Quebec-based Desgagnés,...

Markets in Canada and the U.S. were down during late-morning trading on Wednesday as the war in Iran continued and crude oil prices moved up. The S&P/TSX composite index was down 417.08 points at...

WestJet and Air Transat are extending their suspension of flights to Cuba, which was struggling with an island-wide blackout this week amid a ballooning energy crisis. In an email, WestJet says most...

OTTAWA — As war rages on in the Middle East, a new Leger poll suggests most Canadians believe the government of Canada should remain neutral, while one in four say Canada should support the United States...

The Bank of Canada held its benchmark interest rate at 2.25 per cent Wednesday as the economy performs below expectations but war in the Middle East threatens higher inflation. The central bank’s...

Israel said Wednesday it killed another top Iranian official, the third in two days, while Iran lashed out with attacks on its Persian Gulf neighbors and Israel, using some of its latest missiles to evade...

Alberta Premier Danielle Smith says she travelled on a private plane on behalf of the Saudi government last fall. Smith says the provincial ethics commissioner had signed off on any non-commercial travel...

Alberta Premier Danielle Smith says her long-term goal is to be able to balance the province's books even with moderate oil prices. She says in about 10 years she'd like Alberta to bring spending in...

A new report from the Canada Energy Regulator is projecting significant growth in electrical generation between now and 2050, in part due to new artificial intelligence data centres' thirst for power. The...