National Business

ST. JOHN'S, N.L. — Newfoundland and Labrador's offshore oil regulator is laying charges in connection with a 2019 oil spill in the Hibernia field, which sits about 315 kilometres off the coast of St. John's.

The Bank of Canada's strategy of rapidly increasing its key interest rate in an effort to tackle skyrocketing inflation will likely trigger a recession, says a new study released Tuesday

OTTAWA — A new report says Canada should replace its "haphazard and unpredictable" approach to minimum wages across the country with a clear formula based on average incomes.

The attorney general of Alberta will intervene in competition tribunal proceedings regarding the $26-billion merger between Rogers Communications Inc. and Shaw Communications Inc., according to a notice filed Monday.

REGINA — A group of Canadian ranchers is calling for an investigation into meat pricing.

TORONTO — Twenty-four-year-old Jason Francone has always been pretty good with his money. "Coupons are my middle name; sales are in my DNA," he says. It's not just the art of bargain-hunting that he's mastered, though.

VANCOUVER — Hecla Mining Co. has signed a deal to buy the shares in Alexco Resource Corp. it does not already hold in an all-stock agreement valued at about US$74 million.

BEIJING (AP) — Chinese authorities refused to let Canadian diplomats attend the trial of a Chinese-born Canadian tycoon who disappeared from Hong Kong five years ago, Canada’s government said Tuesday.

CALGARY — The $4.3-billion Heartland Petrochemical Complex, which has been under construction northeast of Edmonton since 2018, has produced its first plastic pellets. Owner and operator Inter Pipeline Ltd.

MONTREAL — A two-week strike at Canadian National Railway Co. is ending after the union representing 750 signals and communications workers agreed to binding arbitration.