Imperial, ExxonMobil Canada selling Alberta assets to Whitecap for $1.9B

Imperial, ExxonMobil Canada selling Alberta assets to Whitecap for $1.9B

Imperial Oil logo at the company's annual meeting in Calgary on April 28, 2017. Imperial Oil Ltd. says it and ExxonMobil Canada have entered into an agreement to sell the Montney and Duvernay oil and gas-producing areas of central Alberta to Whitecap Resources Inc. for $1.9 billion.(THE CANADIAN PRESS/Jeff McIntosh) Imperial Oil logo at the company's annual meeting in Calgary on April 28, 2017. Imperial Oil Ltd. says it and ExxonMobil Canada have entered into an agreement to sell the Montney and Duvernay oil and gas-producing areas of central Alberta to Whitecap Resources Inc. for $1.9 billion.(THE CANADIAN PRESS/Jeff McIntosh)

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Quebec Cardinal Marc Ouellet accused of sexual assault in class-action lawsuit

Quebec Cardinal Marc Ouellet, once considered a front-runner to become pope, has been accused of sexual assault and is among a list of clergy members and diocesan staff named in a class-action lawsuit against the archdiocese of Quebec. A woman identified as 'F.' in court documents tabled on Tuesday accused Ouellet of several incidents of unwanted touching.

Pope Francis, left, and Cardinal Marc Ouellet arrive at the opening of a 3-day Symposium on Vocations in the Paul VI hall at the Vatican, Thursday, Feb. 17, 2022. (AP Photo/Gregorio Borgia)

OPINION

OPINION | Economists are forecasting a recession in Canada, how should you prepare?

The next time the Bank of Canada raises interest rates on the scheduled date of September 7, 2022, it could potentially trigger a recession. Although there may be a chance that we don’t enter into a recession and the BoC is still hoping for a soft landing, it’s best to be prepared. Contributor Christopher Liew explains how.