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MEG chief executive sees 'tremendous demand' for Alberta oil due to Ukraine

MEG chief executive sees 'tremendous demand' for Alberta oil due to Ukraine

CALGARY — The chief executive of MEG Energy Corp. sees "tremendous demand" for Alberta oil due to the war in Ukraine and a European energy crisis.
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Higher interest rates could dim valuations for VC-backed startups in Canada: experts

Higher interest rates could dim valuations for VC-backed startups in Canada: experts

TORONTO — Venture capital experts say higher interest rates could trim sky-high valuations Canadian startups have grown accustomed to over the last couple of years, but not right away.
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Collision to ban Russian government-backed organizations from tech conference

Collision to ban Russian government-backed organizations from tech conference

TORONTO — A global tech conference being held this summer in Toronto is barring businesses, government officials and media with ties to the Russian government from participating in this year's event.
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'Really frustrating': Most communities in Nunavut have no banks

'Really frustrating': Most communities in Nunavut have no banks

IQALUIT, Nunavut — Ameela Aqiatusuk lives in a town that has never had what many Canadians take for granted: a bank. “It's really frustrating.
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Diversified bonds can provide volatility hedge while preserving capital

Diversified bonds can provide volatility hedge while preserving capital

TORONTO — It’s been a tough run for bond markets as investors anticipate central bank interest rate rises like the Bank of Canada’s move this week, but financial advisers say it’s still important to have hedges in your portfolio to balance the risks
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Heavyweight financials sector powers S&P/TSX composite to second-best day of year

Heavyweight financials sector powers S&P/TSX composite to second-best day of year

TORONTO — Canada's main stock index had its second-best day of the year following strong bank results and hopes that the war in Ukraine will temper aggressive interest rate hikes next month.
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Baytex celebrates 'remarkable turnaround'; announces share buyback program

Baytex celebrates 'remarkable turnaround'; announces share buyback program

CALGARY — Baytex Energy Corp.'s share price soared Friday on news the company has almost reached its net debt target and will institute a share buyback program in the second quarter of this year. The company's stock closed up 14.2 per cent to $5.71.
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Canadian companies at risk from Russia cyberattacks in retaliation from sanctions

Canadian companies at risk from Russia cyberattacks in retaliation from sanctions

TORONTO — Canadian businesses are at risk of being targeted for online attacks if Russia chooses to retaliate against government sanctions, a cybersecurity expert said Friday.
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US, Europe agree to freeze assets of Russia's Putin, Lavrov

US, Europe agree to freeze assets of Russia's Putin, Lavrov

BRUSSELS (AP) — With a military intervention in Ukraine off the table, and countries around the world looking to heap more financial punishment on Moscow, the United States, Britain and European Union said Friday they will move to sanction Russian Pr
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Stocks up, fear down on Wall Street despite Ukraine invasion

Stocks up, fear down on Wall Street despite Ukraine invasion

NEW YORK (AP) — Relief flowed through Wall Street on Friday, even as deadly attacks continued to rage in Ukraine. Stocks rose, oil fell and investors turned away from gold and other traditional havens they favor when fear is high.
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