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National Business

Better prices and new pipelines expected to drive higher Canadian crude output

Better prices and new pipelines expected to drive higher Canadian crude output

CALGARY — A pipeline capacity gap that is impeding the movement of Western Canada's crude to market will close by 2021 and there will be surplus room from about 2022 until 2030, according to the Canadian Energy Research Institute.

IBM computer proves formidable against 2 human debaters

SAN FRANCISCO — An argumentative computer proved formidable against two human debaters as IBM gave its first public demonstration of new artificial intelligence technology it's been working on for more than five years.
US housing starts jumped 5 pct. in May off Midwest building

US housing starts jumped 5 pct. in May off Midwest building

WASHINGTON — A surge of construction in the Midwest drove U.S. housing starts up 5 per cent in May from the prior month. The Commerce Department says that housing starts rose to a seasonally adjusted annual rate of 1.
Competition heating up for price-sensitive passengers as Swoop set to launch

Competition heating up for price-sensitive passengers as Swoop set to launch

MONTREAL — Competition is heating up for Canada's most price-sensitive travellers as WestJet Airlines gears up to launch the country's second ultra-low cost airline Wednesday.
California lawmakers push diversity through film tax credit

California lawmakers push diversity through film tax credit

SACRAMENTO, Calif.

Judge orders restrictions for 'Diesel Brothers' stars

WOODS CROSS, Utah — Stars of the Discovery Channel show "Diesel Brothers" have been ordered not to modify vehicles in ways that could lead to greater pollution.
Private jet once owned by Elvis Presley for sale  -  again

Private jet once owned by Elvis Presley for sale - again

ALBUQUERQUE, N.M. — A private jet once owned by Elvis Presley that has sat on a runway in New Mexico for nearly four decades is back on the auction block.
Proposed class-action lawsuits filed against Bank of Montreal, CIBC's Simplii

Proposed class-action lawsuits filed against Bank of Montreal, CIBC's Simplii

TORONTO — Proposed class-action lawsuits have been filed against Bank of Montreal and CIBC's direct banking division Simplii Financial over recently disclosed cybersecurity breaches impacting up to 90,000 customers.

Baytex Energy and Raging River Exploration sign merger deal

TORONTO — Shares of Baytex Energy Corp. and Raging River Exploration Inc. dropped after the intermediate oil and gas producers announced a $2.8-billion merger Monday.
Energy sector helps lift Toronto market, U.S. stocks lower amid trade tensions

Energy sector helps lift Toronto market, U.S. stocks lower amid trade tensions

The energy sector helped Canada's main stock index close higher Monday, while U.S. markets were flat to lower amid rising trade tensions between the U.S. and China. Trade tensions between the U.S. and Canada have also escalated recently after U.S.