National Business

CALGARY — A wave of high-profile mergers and acquisitions in the Canadian oilpatch is a sign of an industry that is flush with cash and increasingly confident in the short- and medium-term outlook for fossil fuels, experts say.

TAIPEI, Taiwan (AP) — Russian President Vladimir Putin is expected to meet this week with Chinese leaders in Beijing on a visit that underscores China’s support for Moscow during its war in Ukraine.

VICTORIA — New legislation that takes aim at rapidly expanding short-term rentals in British Columbia will increase badly needed long-term rental housing, Premier David Eby said after the act was introduced in the legislature Monday.

MONTREAL — Canada possesses the key factors to place it at the cutting edge of sustainable jet fuel — making it all the more "bizarre" that the country lags behind the United States and Europe in the race toward greener skies, says Airbus Canada's ch

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,620.80, up 157.94 points): TC Energy Corp. (TSX:TRP). Energy. Up 22 cents, or 0.46 per cent, to $48.12 on 15.4 million shares.

DETROIT (AP) — Ford Motor Co. Executive Chairman Bill Ford on Monday called on autoworkers to come together to end a monthlong strike that he says could cost the company the ability to invest in the future.

TORONTO — Strength in base metal, financial and technology stocks helped lead a broad-based rally Monday, with Canada's main stock index rising more than 150 points while U.S. stock markets also climbed higher.

TORONTO — Unifor is set to begin negotiations with Stellantis after union members at General Motors voted 80.5 per cent in favour of a tentative deal over the weekend.

CALGARY — Tourmaline Oil Corp., Canada's largest natural gas producer, is growing again. The Calgary-based company, headed by CEO Mike Rose, announced Monday it is buying Bonavista Energy Corp. in a deal worth $1.45 billion.

OTTAWA — The Dairy Farmers of Canada are recommending that an upcoming adjustment to the farmgate price of milk be delayed amid ongoing food inflation and pressure on the food industry to stabilize prices.