Carney Lifts Climate Laws for New Alberta Pipeline

Prime Minister Mark Carney has reached an agreement with Alberta to develop a new heavy oil pipeline from the province's oil sands to the Pacific coast, a project that is expected to face significant opposition, particularly from First Nations groups and environmental advocates.

Canada has recently struck a pipeline deal with Alberta aimed at diversifying its oil exports beyond the United States, a move highlighted by Mark Carney's assertion that the trading relationship with the U.S. has shifted from being a strength to a weakness.

Three in four Americans aged 45 to 60 expect to overspend during the holiday season, highlighting the significant purchasing power of Generation X. This demographic is often viewed as a crucial segment within the consumer market, yet they appear to be overlooked by retailers.

Campbell's has announced the departure of executive Martin Bally following the emergence of a leaked audiotape in which he made derogatory remarks about the company's products and Indian employees. The comments surfaced in connection with a lawsuit filed by a former employee, prompting immediate action from the company.

Chancellor Rachel Reeves presented a budget plan aimed at calming markets and addressing the cost of living crisis in the U.K., proposing spending increases alongside higher taxes for the wealthy and middle class. This budget, unveiled in London, is seen as a critical moment for the Labour government as it seeks to stabilize the economy amidst ongoing challenges.

The governments of Alberta and Ottawa are expected to announce a memorandum of understanding (MOU) to support a pipeline project to British Columbia's North Coast, referred to as 'Northern Gateway 2.0.' This development comes amid ongoing regional tensions and speculation about the project's future.

Chancellor Rachel Reeves announced a tax increase exceeding $30 billion in an effort to stabilize the UK economy, citing forecasts of slower growth and the necessity to manage national debt. This announcement was made during the government's annual budget presentation in Parliament.

Retail earnings reports indicate that while many companies have successfully navigated tariff pressures, some retailers continue to face challenges as consumers prioritize discounts and quality during the critical holiday shopping season.