National Business

EDMONTON — Alberta’s electricity “rate of last resort” starts today, replacing the province’s previous default rate for consumers who don't have a contract. The rate is set at about 12 cents per kilowatt hour until 2027.

WASHINGTON — A new year will bring Donald Trump back to the White House and start a fresh wave of anxiety as America's closest neighbours prepare for the Republican's disruptive agenda and looming threats of massive tariffs.

There are a few changes in federal policies that could affect Canadians' finances in the new year. Here's a list of changes to be aware of.

Gordie Graham spent decades building the Telegraph Cove Resort on northeast Vancouver Island into a thriving ecotourism hub.

SEOUL, South Korea (AP) — A team of U.S.

VICTORIA — A maximum 20-per-cent home-flipping tax is among new regulations taking effect in British Columbia as of Jan. 1, with a promised middle-income tax cut arriving in the coming months as well as a spring carbon tax increase.

TORONTO — Toronto-based private equity firm Birch Hill Equity Partners has completed its acquisition of the Rexall Pharmacy Group. Birch Hill acquired the drugstore chain from previous owner McKesson Corp. in a transaction that closed Dec.

Canada's main stock index ticked higher on the final day of 2024, putting a bow on a year that saw impressive gains for North American markets. The S&P/TSX composite index was up 107.35 points at 24,727.

Stocks indexes closed mostly lower on Wall Street on the final day of another record-setting year. The S&P 500 slipped 0.4% Tuesday, but still managed to rack up a gain of 23.3% for the year, its second straight year with gains of more than 20%.

ST. JOHN'S, N.L. — An airport executive in Labrador hopes a new energy deal with Quebec could help attract a competing airline company to the northern region, where flights costs have climbed at more than three times the national rate.