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Alberta Projects $2 Billion Surplus as Oil Prices Rise

Alberta will record a surplus of $2 billion for fiscal year 2026–27 driven by increased global oil prices, reversing earlier predictions of a $9.4 billion deficit, according to the province’s 2026 first quarter fiscal update. Alberta Finance Minister Jason Nixon announced on Aug. 27 that the province’s budget would be balanced for the sixth year […]

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Canada Adds More Items to List of Counter-Tariffs on US After Removing Seafood

Ottawa is substituting its counter-tariffs on seafood with 50 percent duties on a range of other American products, the Finance Department says. Finance Minister François-Philippe Champagne’s office has added five new items to its list of dollar-for-dollar counter-tariffs targeting hundreds of different U.S. products beginning on Sept. 8. Copper wire and wood charcoal have also been added to the list along with printed matter, including printed pictures or photographs; articles of plaster or of compositions based on plaster, including boards, sheets and tiles; and materials used in the conveyance or packing of goods, including bottles, flasks, jars, and pots, the finance ministry said in a statement to the media.

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Wildfire Near Summerland, BC, That Forced Thousands to Evacuate Being Held

The wildfire that forced thousands to flee their homes in British Columbia’s South Okanagan region earlier this month is now classified as being held. The BC Wildfire Service says the blaze is expected to remain within its current perimeter of about 252 square kilometres west of Summerland. It’s also no longer classified as a wildfire-of-note, [...]

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Using Energy Exports to Retaliate Against US Would Be Unwise, Trans Mountain Chief Says

Disrupting southbound oil exports in retaliation for U.S. tariffs is not viable and would have serious consequences for Canada, said the chief executive of Trans Mountain Corp. “Interdependencies between both countries are high,” Mark Maki said in an interview Friday following the release of the Crown corporation’s second-quarter results, which saw its pipeline to the […]

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Interprovincial Trade Barriers Falling but Challenges Remain: Experts

The collapse of talks with the United States has added urgency to reducing trade barriers within Canada, but experts say it’s not a simple fix. Efforts to boost interprovincial trade have ramped up recently. Nine provinces agreed last month to allow direct-to-consumer alcohol sales across provincial lines. But even this kind of progress, dealing with a niche side of the booze industry, shows the challenges of opening up sales. Some provinces have added on extra charges and rules, on top of what producers face in their home province. “Having to pay two wholesale markups—that’s just lunacy,” said Jeff Guignard, chief executive officer of Wine Growers British Columbia....

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