Canada's economy grew at a much faster pace than expected in the third quarter as crude oil exports and government spending boosted economic activity, data showed on Friday, even as business investments and household consumption disappointed due to the lingering uncertainty over U.

Canada's oil sands are experiencing a comeback due to the newly expanded Trans Mountain oil pipeline bringing Canadian oil to the Asian market. The pipeline has led to record-high production, with output set to grow to 6 million daily barrels by 2030, and has boosted local prices for heavy oil.

The prime minister faces his first major political setback, as a cabinet member steps down following a deal cut with the energy-rich province of Alberta that would suspend certain curbs on oil-and-gas carbon emissions.

Canada’s economy grew much faster than expected in the third quarter, driven by a surge in oil exports and government spending, according to Friday’s data releases. Despite persistent weakness in business investment and household consumption,

Canada may be about to do something it hasn’t managed in nearly two decades: clear political space for a brand-new oil pipeline to the Pacific

The agreement signed Thursday by Prime Minister Mark Carney and Alberta Premier Danielle Smith includes an entry point to break Canada’s 53-year-old moratorium on oil tankers off B.C.’s North Coast, provided a new pipeline proposal crosses several hurdles.

After a decade of energy companies preferring projects south of the border, the flow of money is starting to come back to Canada

Culture Minister Steven Guilbeault has resigned from Prime Minister Mark Carney’s cabinet to protest Ottawa signing an agreement with Alberta on a proposed new pipeline.