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Several airline executives have indicated that the current high ticket prices may become the new normal, even if cost pressures ease. The ongoing conflict in Iran has caused the price of jet fuel to surge, resulting in higher fares, route cancellations and concerns around a potential fuel shortage . According to recent research by consultancy…

They say it happened sometime between 8 p.m. Apr. 23 and 8 a.m. Apr. 24 in the marsh area of the park — and are looking to hear from anyone who’s aware of a firearm being illegally discharged.

Prime Minister Mark Carney’s government is launching a $25-billion sovereign wealth fund to participate alongside private funds in the country’s nation-building projects. The fund will be designed to help propel priority infrastructure projects already identified, but will go beyond that and allow Canadians to contribute and have a stake in the fund, which is expected…

OTTAWA — Alexandre Boulerice, the NDP’s lone Quebec MP, has announced he will be seeking the nomination for Québec solidaire (QS) in the Montreal riding of Gouin and that he will be sitting as an independent MP until the election set to happen in the fall. That means that Mark Carney’s Liberals will have to…

OTTAWA — Prime Minister Mark Carney announced the creation of a sovereign wealth fund one day ahead of his government’s spring fiscal update, with an initial endowment of $25 billion. “We’re proud to announce a new pillar of our plan, the Canada Strong Fund — Canada’s first national sovereign wealth fund,” said Carney, during a…

The girl fell from the window of an apartment building in North York Sunday evening, police say. They say they are investigating, but the fall does not appear suspicious.

Early signs of softening discretionary spending amid higher fuel prices, continued tensions in the Middle East and trade uncertainties are likely to keep the Bank of Canada from changing its key overnight interest rate on Wednesday. If, as widely anticipated by economists, the bank leaves the rate unchanged at 2.25 per cent, it would mark…

Sharpen your pencils Canadians, because tomorrow Ottawa provides one of the last remaining pieces of a fiscal outlook for the country that so far has been heavier on debt and lighter on growth. Nine out of 10 provinces will have tabled their budgets when Finance Minister François-Philippe Champagne presents the federal update Tuesday — and…

Prince Edward Island’s oyster growers have been hit hard by MSX and dermo, two diseases that are harmless to people but can be fatal to the mollusk. They say P.E.I.’s industry is being wiped out.

Canadian oil producers will provide a first glimpse this week at how the spike in energy prices is boosting their bottom line and what they intend to do with the bumper profits.