Top Results For: oil prices

A new Deloitte report predicts the price of West Texas Intermediate will average $72 a barrel. That’s lower than the Alberta government had forecast in its budget. And as Slav Kornik reports, a political analyst says the difference in the WTI outlook could make a big difference in the province’s budget.

The price for extra virgin olive oil (EVOO) at the grocery store has skyrocketed in recent months, and experts say are blaming low supply from poor harvests. Sylvain Charlebois, a professor of food distribution at Dalhousie University, told Global News that the price rose 15.2 per cent between January and late March, according to his...

A community in Ajax woke up to the sight of yellow tape and police cruisers early Easter Sunday following the city’s third murder this year. Across the pond, King Charles attended an annual Easter church service in Windsor, England, marking the monarch’s first major public appearance since his cancer diagnosis in February. Plus, the price...

Clinton Orr from Canaccord Genuity Wealth Management joins Global News Morning with the latest from the business world, including why oil prices are going up.

The price of oil jumped on news that U.S. and British warplanes launched strikes against Houthi targets in Yemen, marking a significant escalation of conflict and tension that has been building in the area. Shipping costs continue to soar as commercial vessels are diverted away from the area, adding to production delays as well as...

It’s been more than 100 days since Hamas devastated Israel with a surprise attack, taking hostages and triggering Israel’s siege of the Gaza Strip. Daniele Hamamdjian speaks with Maoz Inon and Gil Dickmman, two men with family members being held captive. Find out why Inon believes peace is possible; and why Dickmann believes Israeli Prime...

After Albertans were warned to conserve power because the electrical grid was under unprecedented pressure due to frigid weather, there are now concerns about what the grid can handle. How Saskatchewan stepped in to help while firing shots at the federal government; and the potential solutions to ease the strain. It’s been more than 100...

A Calgary motocross park is at risk of being shut down as the city is looking at the site for a new transit facility. Lower oil prices means the Alberta government will be bringing back part of the gas tax. Airdrie’s EJ Rescue faces charges as 44 dogs seized amid disturbing conditions.

Though many Canadians are already struggling to pay for food and more price increases are expected, the 2024 Food Price Report indicates costs will be rising at a slower pace next year. What some Canadians about the current sticker shock, as signs point to some relief on the way.The federal government’s newly-announced cap-and-trade framework, aimed...

With Israel’s ground offensive in southern Gaza growing, Palestinians there say they’re running out of places to stay safe from the bombardment. How this new phase of the violent conflict is unfolding while the U.S. urges Israel to show restraint. As Israeli Prime Minister Benjamin Netanyahu’s corruption trial resumes after being suspended for nearly two...

Canadian Deputy Prime Minister Chrystia Freeland said Tuesday that the exemption on home heating oil from the carbon price was “not undermining” the overall policy, despite criticism from premiers and the federal opposition. Freeland said the exemption would accelerate the transition from home heating oil to heat pumps.

Energy and Natural Resources Minister Jonathan Wilkinson defended the government’s pause on carbon pricing in Atlantic Canada during question period on Monday, amid criticism from Conservatives and NDP that it only benefits Canadians in Liberal ridings. Wilkinson said the program, which pauses carbon pricing on home heating oil and provides incentives to lower the cost...

Charities that help low-income families say the pause on carbon pricing on home heating oil will make a difference. They say demand is high for extra support as winter quickly approaches. Skye Bryden-Blom reports.

Canadian Prime Minister Justin Trudeau on Thursday announced that the federal government is putting a three-year pause on the federal price on home heating oil. Trudeau says the move is being made to give everyone the “time and ability to switch to heat pumps.”

Speaking in the House of Commons in Ottawa on Wednesday, Prime Minister Justin Trudeau and Conservative Leader Pierre Poilievre grew heated during a debate on carbon pricing carve outs, after Trudeau’s government announced last month it would implement a three-year pause on the carbon price for home heating oil. “While our government has a serious...

The federal government is facing pressure over a carbon pricing pause for home heating oil that mostly favours Atlantic Canada, with political opponents calling to expand the exemption to all fossil fuels used to heat homes. As Heidi Petracek reports, Canada’s premiers are also making unified calls on Prime Minister Justin Trudeau to go back...

After the federal Liberals paused carbon pricing on home heating oil, Prime Minister Justin Trudeau says there will be no further carbon tax carve-outs, despite blowback that the policy change only benefitted Atlantic Canada. The Opposition is now calling for that freeze to be extended to other forms of home heating. ‘The West Block’ host...

During question period on Tuesday, Canadian Prime Minister Justin Trudeau defended his government’s measures to help Canadians transition from home heating oil to using a heat pump as a cleaner and less expensive alternative. He criticized the Conservative Party for not taking climate change seriously. Conservative Party Leader Pierre Poilievre, responded by saying, “Canadians know...

Premiers across Canada have been petitioning Ottawa for a carbon price pause on home heating oil to be extended to other forms of energy and Manitoba Premier Wab Kinew was among those adding his voice to the call. Katherine Dornian reports.

Gaza’s health ministry, run by Hamas, says more than 10,000 people have been killed in the Gaza Strip since the Israel-Hamas conflict flared up, and more bloodshed is expected as Israel’s military pushes deeper into the territory. A look at the intensifying attacks of Israel’s operation to wipe out Hamas, as the deaths of Palestinian...