BP granted approval to start drilling off Nova Scotia’s coast

On Saturday, the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) gave the green light to the company to begin drilling one deepwater exploration well about 300 kilometres off the coast.

Bought bitcoin in 2017? Here’s how cryptocurrency is taxed in Canada

So, you read all the headlines in 2017 about the millions of dollars to be made in cryptocurrencies, and you took the investment plunge. Don’t even think about hiding that digital stash from the Canada Revenue Agency, experts warn.

Oil surges toward $70 and stirs dreams of $100

Three years after the devastating oil price crash, optimism is back in the industry as prices are surging toward $70 US per barrel, and thoughts of $100 return. The enthusiasm has even spread to Alberta, although it’s tempered.

Tesla’s troubles are piling up — but the Elon Musk cult is still full of true believers

Tesla is beset by production problems, it is swimming in debt, its bonds are near junk status, its stock has more people betting against it than any other major company. But there are still good reasons to believe in the world’s best known electric car maker.

Oilpatch skeptical about backup plan for Trans Mountain

Ottawa believes another proponent could step forward if Kinder Morgan bails on Trans Mountain. The energy sector is less sure.

NAFTA talks continue through weekend as negotiators scramble for a deal

NAFTA negotiating teams will keep bargaining through the weekend in a rush to get a deal by early May, fuelled by a Trump administration desire to meet a legislative deadline.

Are cures bad for the drug business?

A glimpse at the cold calculations required to make profitable drug investments in new genetic technologies such as gene therapy.

Toys ‘R’ Us Canada draws $300M ‘stalking horse’ bid from Fairfax Financial

Ahead of an auction scheduled next week for the Canadian assets of Toys “R” Us, Fairfax Financial Holdings Ltd. has put in a $300-million offer meant to serve a floor for the bidding.

Passenger train companies warn of disruption as CP Rail strike deadline looms

Passenger train providers in Ontario and B.C. are warning of potential disruptions to service as Canadian Pacific Railway Ltd. and two of its unions negotiate ahead of a midnight deadline to settle contract issues.

Crude dips as Trump says he will not accept high oil prices

U.S. President Donald Trump criticized OPEC on Friday for output curbs that have helped raise global oil prices and said “artificially” high prices would not be accepted, drawing rebukes from oil-producing countries as prices dipped following his remarks.

Cost of living rose in March to highest level since 2014

Canada’s inflation rate rose to 2.3 per cent in the year ending in March, the highest level since October 2014, as gas prices and just about everything else got more expensive.

Pipelines, politics and petrodollars: Here’s why Canadian gas prices are spiking

Doing a double take over how much it costs to fill up a tank of gas is a classic Canadian irritation. But a confluence of factors are teaming up at the moment to make that process even more gob-smacking than usual. Here’s a look at five big reasons why gas…

Air Canada, WestJet offer cheap basic economy fares for no-frills seekers

Thought economy was the lowest class on a plane? Think again: Air Canada and WestJet are selling “basic economy” fares that cost less and offer even fewer features.

Rogers profit rises by more than a third to $425M

Rogers Communications Inc. reported a $425 million net profit in its first quarter, up 37 per cent from $310 million in the comparable period last year.

Spat breaks out between Tim Hortons franchisee factions over public complaints

The Tim Hortons franchisee advisory board is slamming a group representing at least half of the brand’s restaurant owners for publicly making complaints about their parent company Restaurant Brands International Inc.

Wine industry, business groups disappointed by Supreme Court’s interprovincial beer ruling

Business groups and free-market advocates are expressing disappointment with Thursday’s ruling by the Supreme Court of Canada that dealt a blow to those who want to see interprovincial trade barriers knocked down.

High cost of dental services prompting some patients to seek alternative options

Some patients make dental visits a little more affordable by spreading out the frequency of visits, contacting dentists in lower-cost neighbourhoods, discussing alternative treatment plans with the dentist and negotiating lower prices, experts say.

Beer not freed: Supreme Court upholds law in cross-border alcohol case

The Supreme Court of Canada has ruled unanimously that provinces and territories have the constitutional right to restrict the importation of goods from each other, as long as the primary aim of the restriction isn’t to impede trade.

2 black men arrested at Philadelphia Starbucks push for lasting change

In the week since Rashon Nelson and Donte Robinson were arrested at a Philadelphia Starbucks shop, the men have met with the company’s CEO and have started pushing for lasting changes to ensure what happened to them doesn’t happen to anyone else.

Commodities volatile on $100 US oil talk

Talk that Saudi Arabia has its sights on $80 to $100 US a barrel oil again and of more U.S. sanctions on Russia triggered wild swings in trading of commodities on Thursday.

Central bank gambles Canadians won’t get into the inflation habit: Don Pittis

More interest rate hikes are coming, but Stephen Poloz holds off to see how Canadians adjust to recent changes.

Supreme Court decision on ‘free-the-beer’ case lands today

The Supreme Court of Canada will release its ruling Thursday on the ‘free-the-beer’ case. The decision will establish whether Canadians are able to freely buy and transport alcohol from one province to another. But the case also could have implications for the sale of tobacco and cannabis, as well as…

Trump says he prefers bilateral trade deal with Japan

U.S. President Donald Trump says he would prefer a bilateral trade deal with Japan instead of rejoining an 11-nation Pacific Rim trade pact.

Kinder Morgan begins negotiations with Ottawa to save pipeline project

Kinder Morgan CEO Steven Kean told investors on Wednesday afternoon that negotiations with the federal government are underway to see if a deal can be struck to salvage the Trans Mountain expansion project, which continues to face opposition from the B.C. government.

Oil closes above $68 US a barrel, highest price since 2014

The price of the North American oil benchmark closed above $68 US a barrel on Wednesday, the highest level since 2014 as U.S. data showed inventories plunged by more than one million barrels last week.

Blue Jays game on Facebook could be a sign of things to come

The Toronto Blue Jays’ game on Wednesday afternoon will be shown exclusively on Facebook. It’s part of a trend that has seen several sports leagues sell digital-only rights to new players like Facebook, Twitter and Amazon.

Head of GM Canada picked as new boss at Cadillac

A management shake-up at General Motors means the head of GM Canada is moving to head the global automaker’s Cadillac division.

More British Columbians now support the Trans Mountain pipeline project: poll

A new poll says more than half of British Columbians now support the Trans Mountain pipeline expansion project, and the majority of all Canadians surveyed believe the province is wrong to try to stop the project.

Roots shares rise after retailer tops expectations for latest quarter

Roots Corp. shares jumped Wednesday to their highest levels since they were listed publicly last year, after the Canadian clothing company’s sales and adjusted earnings topped analyst estimates in its latest quarter.

Amazon to introduce international shopping from the U.S.

Amazon is expanding its dominance globally by giving overseas customers access to more than 45 million items via its app.