Canada

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Elon Musk led a consortium of investors to offer $97,4 billion for the nonprofit OpenAI. This raised the stakes in the battle between him and Sam Altman regarding the company behind ChatGPT. Donald Trump, the President of the United States, announced on Monday 25% tariffs on steel and aluminum imports to the U.S. He also reinstated global duties for allies like Canada, Mexico and South Korea, which were relaxed under the Biden administration. Elliott Investment Management, a...

SK Innovation Co Ltd, the owner of South Korea’s largest refiner SK Energy said that it expected refining margins in 2025 to remain flat due to an increase in jet fuel demand. This is despite increased production in countries like the U.S. The company, whose parent is battery maker SK On said that the U.S. Trump Administration's policies, such as the Inflation Reduction Act, as well as the reduced green policies of the European Union, and automakers recalibrating the electric vehicle business are expected to slow the recovery in the short-term EV market. In a recent earnings call, SK On's...

Suncor Energy, a Canadian integrated oil and gas company, beat analyst's expectations for the fourth-quarter profits on Wednesday. The firm's higher oil production and high refined product sales volumes helped it to achieve this. Trans Mountain Pipeline project started commercial operations in the United States last year. It increased the country's transportation capacity, and provided access to markets in Asia and on the U.S. West Coast. The new pipeline has almost tripled the amount of crude oil flowing from Alberta's oilsands to British Columbia, on the Pacific Coast. This is now 890,000. Suncor, based in Calgary, Alberta, increased its upstream...

Tuesday, oil prices fell after U.S. president Donald Trump agreed not to impose steep tariffs against Mexico and Canada, two of the United States' largest foreign oil suppliers, for one month. Brent futures dropped 41 cents or 0.5% to $75.55 per barrel at 1:49 GMT. U.S. West Texas Intermediate crude fell 75 cents or 1% to trade at $72.41. Justin Trudeau, the Canadian prime minister, and Claudia Sheinbaum, president of Mexico's government said that they agreed to increase border enforcement in response to Trump’s demands to crackdown on illegal immigration and drug trafficking. This would stop for 30 days the...

The "wait and watch" period for North American businesses is over. U.S. president Donald Trump imposed a 25% tax on goods coming from Canada and Mexico along with a tariff of 10% on China. This could be the beginning stages of a full scale trade war that will cause new headaches to executives who have already been dealing with rising costs for years. Tariffs on imports from the U.S.’s three biggest trade partners could disrupt industries ranging from consumer goods to autos. Before Saturday's announcement of tariffs, executives were able to dodge questions regarding the issue. Many wanted to avoid...

Analysts and fuel traders predict that U.S. gas prices will increase after President Donald Trump's Saturday decision to apply tariffs to Canadian and Mexican oil. Fuel prices are likely to rise due to Trump's double-edged trade protections. They will not only undermine his promise to combat inflation, but also pressure U.S. neighbours to stop illegal immigration and drug trafficking. The U.S. imports about 4 million barrels of Canadian oil per day, of which 70% is refined in the Midwest. The U.S. imports more than 450,000 barrels per day of Mexican oil for refiners based around the U.S. Gulf Coast. Tariffs...

The Canadian oil company Imperial Oil reported a decline in profit for the fourth quarter on Friday as lower crude prices were offset by higher production and better utilization of refinery capacity. Benchmark crude oil prices dropped 3% in 2024, due to the economic challenges in China and a sluggish recovery from the pandemic. A supply glut was also exacerbated by a surge in U.S. production and that of other non-OPEC countries. The company raised its quarterly dividend to 72 Canadian cents per shares, an increase of 20%. Imperial's production upstream for the quarter October-December was 460,000 barrels of crude...

Donald Trump, the U.S. president, said on Thursday that he will decide soon whether or not to exempt Canadian and Mexican oil from the 25% tariffs he had promised to impose Saturday on their products. "We might or might not." Trump stated that he will make a decision about imposing tariffs on Canadian or Mexican oil "probably tonight." Trump said that the decision would be based in part on price and whether or not both countries "treat" him properly. Trump has set Saturday as the deadline for imposing 25% tariffs on imported goods from Mexico and Canada in order to...

Jonathan Wilkinson, Canada’s Minister of Energy and Natural Resources, said that any Canadian response to U.S. Tariffs would be fair and equitable for all regions and would not single out Alberta as Canada’s largest oil producing province. Wilkinson stated that Canada would respond by focusing on products which hurt Americans more than Canadians. Donald Trump, the U.S. president, has threatened to impose tariffs of 25% on all Canadian exports. This could happen as early as this Saturday. Canada is planning to counter-tariff U.S. products, and tensions between Danielle Smith, Premier of Alberta and the federal government have been caused by...

Poland and Canada have signed an arrangement that supplies a legal framework for more extensive cooperation on nuclear power, Polish Prime Minister Donald Tusk said on Tuesday after fulfilling his Canadian equivalent Justin Trudeau. Poland, which is working to decrease its reliance on coal, has picked Westinghouse Electric to build its first nuclear plant on the Baltic Sea coast, but financing is still not totally agreed. It is now preparing to start the process of choosing a. partner for a 2nd plant. Canada is the primary supplier of innovation for Poland's. first nuclear plant - Westinghouse is owned by Canadian....

Jan 23 - U.S. President Donald Trump will speak remotely at the World Economic Online Forum on Thursday in Davos, Switzerland, and hold a discussion with magnate including Bank of America CEO Brian Moynihan and Blackstone Group CEO Stephen Schwarzman. The remarks, Trump's first significant speech to worldwide company and politicians, are scheduled for 11 a.m. Eastern time ( 1600 GMT), according to the meeting schedule. Other participants in what is billed as a subsequent discussion consist of TotalEnergies CEO Patrick Pouyanne, WEF CEO Borge Brende and WEF creator Klaus Schwab. Magnate aspire to hear more about Trump's. concrete intend...

U.S. President Donald Trump's. go back to the White House has actually been met both relief and. dissatisfaction throughout world markets as investors try to exercise. what the next four years will bring. The approach will be chaotic, unpredictable, spur of the. minute and driven by Trump himself, stated Russel Matthews,. senior portfolio manager, international macro at RBC BlueBay Asset. Management. Here's a take a look at some of the winners and losers emerging. from Trump's very first 24 hr in workplace. 1/ NAME CALLING Calling out Canada and Mexico as possible targets for. tariffs took an even more toll...

McEwen Copper is a Canadian subsidiary of McEwen Mining. It has requested to be included in an Argentine incentive program, which would provide significant tax breaks on its Los Azules Copper Project located in San Juan Province. McEwen intends to invest $2.7billion in the mine. The Argentine Government's Large Investment Incentive Regime has allocated $227 million to the project. This money will be used for the feasibility study of the mine, exploration work, and construction preparation. If approved, the company could invest an additional $2.5billion in the site for the construction of the mine and production facility under the incentives...

Barrick Gold Canada beat analyst's expectations for the fourth quarter profit on Wednesday due to higher gold prices and production. According to LSEG, on an adjusted basis the second largest gold miner in the world posted a profit per share of 46 cents, compared with the estimated 41 cents, for the quarter ending December 31. The quarter's gold production was 1.08 million ounces compared to 1.05 million in the same period last year. This is due to the North America, Africa, and Middle East operations exceeding expectations. In 2024, gold prices increased by over 27%, the biggest annual increase since...

Donald Trump's advisers on trade were finalising plans for the reciprocal duties that the U.S. President has promised to impose against every country which charges duties on U.S. imported goods, raising fears of an expanding global trade war. Separately the trade ministers from the 27 countries of the European Union are due to meet by video conference to decide their response to the European Commission President Ursula von der Leyen's statement that tariffs against the EU "will not be ignored". Trump shocked the markets on Monday with his decision to impose tariffs starting March 12 on all imports of steel...

Donald Trump's advisers on trade were finalizing plans for the reciprocal duties that the U.S. President has promised to impose against every country that imposes duties on U.S. imported goods, raising fears of an expanding global trade war. Trump shocked the markets on Monday with his decision to impose tariffs starting March 12 on all imports of steel and aluminum. Mexico, Canada, and the European Union condemned the plans, while Japan, Australia, and other countries said they wanted exemptions. Industries that depend on imports of steel and aluminum scrambled to reduce the expected cost increase. Last week, Trump imposed an...

St Barbara, an Australian gold miner, announced on Wednesday that it planned to separate its Atlantic Gold Operations, located in Nova Scotia, Canada, via a sale, vend-in, or demerger of its assets into a separate Canada listed firm. The Atlantic Gold Operations includes the miner's Beaver Dam, Cochrane Hill, 15-Mile and Cochrane Hill project, as well as its Touquoy Processing Plant. St Barbara purchased the Toronto-listed Atlantic Gold Corp in 2019 for C$722 millions ($505.35million). The miner said that after the divestment it will concentrate on its Simberi Gold Operations and the expansion of the Simberi Sulphide Project, both in...

If in doubt, double down. Seven years ago, President Donald Trump imposed 10% tariffs on U.S. aluminium imports with the stated goal of increasing domestic primary metals production. They haven't worked. The tariff will be 25 % this time, with no "exceptions or exclusions", effective on March 4. The tariff will be 25% without "exceptions or exemptions" effective March 4. The sharp rise in the price for aluminum delivered to the U.S. Midwest is bad news for U.S. customers. The effectiveness of higher tariffs in revitalizing the country's aged fleet of aluminum smelters is also uncertain. The humble beer can...

If in doubt, double down. Seven years ago, President Donald Trump imposed 10% tariffs on U.S. aluminium imports with the stated goal of increasing domestic primary metals production. They haven't worked. The tariff will be 25 % this time, with no "exceptions or exclusions", effective on March 4. The tariff will be 25% without "exceptions or exemptions" effective March 4. The sharp rise in the price for aluminum delivered to the U.S. Midwest is bad news for U.S. customers. The effectiveness of higher tariffs in revitalizing the country's aged fleet of aluminum smelters is also uncertain. The humble beer can...

The price of industrial metals in America continued to rise on Tuesday. This was due to the impact of President Donald Trump’s 25% tariffs on aluminum and steel, as the industry will be unable source enough material domestically. The stated goal of new tariffs was to help struggling U.S. Metal Producers, but it will take some time to reopen and build new plants to compensate for the large amount of imports. Traders are raising the prices of U.S. Metals to reflect what automakers and other industries must pay for foreign metal once the new measures come into effect on March...

Donald Trump, the U.S. president, has taken the world by storm. He has issued ultimatums and demanded that allies and enemies heed his demands. His threats, from sweeping trade tariffs to outright resource grabs, are part of an approach to diplomacy that is often accompanied with explicit demands. Many of his target countries have made concessions. Some of the concessions were real, such as pledges to purchase more American products or invest in U.S.-based activities. Other times, they were a repackaging or a move that had already been made. This article will go into some detail about the responses that...

After U.S. president Donald Trump's decision imposing tariffs on steel and aluminum imports, fears of a possible trade war grew. Trump signed proclamations on Monday evening, increasing the U.S. Tariff rate on Aluminium to 25%. He also eliminated country exceptions, quota agreements and hundreds of thousands product-specific exclusions from tariffs. A White House official confirmed that the measures would go into effect on March 4. Tariffs will be applied to millions of tonnes of steel and aluminum imports from Canada and Brazil. They also apply to South Korea, Mexico and other countries. Trump told reporters that the move would simplify...

Donald Trump, the U.S. president, said on Monday that he will announce plans to impose tariffs against other countries in the next two weeks. This is a confirmation of comments he made Sunday. In the Oval Office, the Republican President spoke with reporters as he signed proclamations that ended all exemptions from steel and aluminum tariffs imposed in his first term. He also raised duties on both metals by 25%. Trump also said that he would be looking into tariffs on automobiles, semiconductor chips, and pharmaceuticals. An official in the United States said that under former president Joe Biden, the...

Stephen Bullock woke up to an urgent call from his Toronto-based distributor, who was concerned about what appeared to be a U.S. vs. Canada trade war. In a few short weeks, two of the bulky contraptions Bullock's firm produces, used to lay curbs, highway barriers and sidewalks, were scheduled to be shipped to Canada. Could the 25,000-pound machines be loaded onto trucks today? Bullock, the President of Power Curbers said, "They told me to get them here as quickly as I can." He scrambled that night to remove two machines from storage, which were destined for another buyer. The panic...