News of the day: LNG Canada expansion, GDP stalls, interest rate expectations, Northern Shield pipeline, financial crime and more

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Flags fly outside the LNG Canada office in Kitimat, British Columbia. Carney travels to the province today to mark an “historic” investment in Canada’s energy sector.Flags fly outside the LNG Canada office in Kitimat, B.C. Prime Minister Mark Carney travels to the province today to mark a 'historic' investment in Canada’s energy sector. Photo by Ben Nelms/Bloomberg files

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It’s Tuesday, Sept. 29. Here are the top stories we’re following today.

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LNG Canada, a consortium of global energy firms led by Shell PLC, said it had approved a massive expansion of its existing terminal at Kitimat, B.C., a decision that political and business leaders called a major sign of confidence in the country.

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A cargo ship navigates the Welland Canal as transport trucks carrying goods and cars pass over the Garden City Skyway Bridge in St. Catharines. A cargo ship navigates the Welland Canal as transport trucks carrying goods and cars pass over the Garden City Skyway Bridge in St. Catharines, Ont. Photo by Peter Power/Postmedia News

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Canada’s real gross domestic product remained flat in July following three months of expansion, an early sign that economic growth may have slowed in the third quarter following a second-quarter rebound.

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Trucks cross into the United States on the Gordie Howe International bridge that connects Windsor, Ont., and Detroit, Mich. Canada's economy stalled in July but picked up in August. Trucks cross into the United States on the Gordie Howe International bridge that connects Windsor, Ont., and Detroit, Mich. Canada’s economy stalled in July but picked up in August. Photo by JEFF KOWALSKY / AFP via Getty Images

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Here’s what economists think the latest gross domestic product data means for the economy, the Bank of Canada and interest rates.

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Danielle Smith and Doug Ford. Alberta Premier Danielle Smith and Ontario Premier Doug Ford take part in an Enserva luncheon talk discussing the provinces’ roles in powering Canada’s economic future, at the Telus Convention Centre in Calgary on Sept. 28, 2026. Photo by Gavin Young/Postmedia

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Ontario Premier Doug Ford told a Calgary luncheon crowd Monday that his province is willing to finance the proposed Northern Shield pipeline which would move up to 500,000 barrels per day from Hardisty, Alta., to Sarnia, Ont.

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Bank buildings in Toronto's Financial District. Bank buildings in Toronto’s Financial District. Photo by Wikimedia Commons

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Canada has strengthened its defences against financial crimes in the past decade, according to a new report, but it still needs to improve how it investigates complex money laundering cases and monitors key sectors such as real estate and the non-financial industry.

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