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Ottawa and Alberta Forge Landmark Energy Accord

Prime Minister Mark Carney, left, meets with Alberta Premier Danielle Smith in Calgary on Thursday.   In a move that could redefine Canada’s energy landscape, Ottawa and Alberta have signed a new energy deal aimed at strengthening cooperation between the federal government and the province. The agreement signals a major shift in their often-contentious relationship, focusing on shared priorities such as clean energy investment, emissions reduction, and economic growth. The deal outlines commitments to expand renewable energy projects, modernize infrastructure, and support workers transitioning from traditional oil and gas sectors. Both sides emphasized that the accord is designed to balance Alberta’s economic reliance on energy production with Ottawa’s national climate goals. Observers note that this agreement could mark the beginning of a more collaborative era, reducing political friction and positioning Canada as a stronger player in the global energy transition.
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Wall Street Ends Week With Small Gain, But Big Loss


The US stock indexes closed slightly higher on Friday, but it was not enough to prevent the S&P 500 and Nasdaq Composite from having their worst weekly performance in months. The uncertainty over interest rate cuts has been cited as a major factor in the decline.

The economic data releases offered contrasting views on the state of the US economy: a robust jobs report from the Labor Department, which showed US employers hired more workers than expected in December, and a weak services sector survey from the ISM (,Institute for Supply Management) which showed activity in the services sector fell in December.

Some individual stocks had notable movements on Friday, such as Peloton (up on a TikTok deal) and Palantir (down on a Jefferies report).


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