Canadian oil

More than 77 per cent of Canadian exports go to the U.S. and trade comprises 60 per cent of Canada's gross domestic product. A significant proportion of that comes from oil and gas.

Everyone keeps saying this new pipeline was built to carry crude oil, but in actual fact, it carries something far more explosive and potentially hazardous: diluted bitumen from the landlocked Alberta oil sands.

Here's a look at what milestones to expect in the coming weeks as the massive pipeline gets ready to start shipping Canadian oil to the West Coast:

Business headlines in 2023 saw a housing crisis and the fight against inflation take centre stage while the job market proved to be stronger than expected.

Anyone who looks closely at the Alberta premier's inquiry into foreign-funded advocacy groups can clearly see it's a farce.

Alberta Premier Jason Kenney is lauding the federal government's decision to approve for a second time the construction of the Trans Mountain oil pipeline expansion project.

Several of Canada's leading environment groups say election demands from Canada's oil industry earlier this week are a direct attack on the future health and prosperity of Canadians.

A reduction in price discounts on Canadian oil following Alberta government-ordered production cuts this year has put more money in producer pockets and that's fuelling more oilpatch activity, according to the head of Ensign Energy Services Inc.

Suncor Energy Inc. is blaming a net loss in the last three months of 2018 primarily on steep price discounts for western Canadian oil, including the upgraded synthetic crude it produces at its oilsands mining operations.

The Bank of Canada is widely expected to leave its benchmark interest rate unchanged at 1.75 per cent today, December 05, 2018, after a 25-basis-point increase at its last setting in October.

Research suggests Canadian oil is among the world's most carbon-heavy, but Canada's industry also has rules that if adopted worldwide could make a big dent in global greenhouse gas emissions.