Oil Prices
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Canadian oil outages, bad weather to tighten inventories at key US storage hubWet weather and a power outage at Cenovus oilsands operations have helped push American oil reserves to their lowest level since 2020.EconomyJun 11
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Global oil inventories headed to lowest level in decades, U.S. EIA warnsThe Middle East conflict has caused global stockpiles of oil to plummet to their lowest level since 2003 while petroleum prices have spiked, according to a new energy data report.ConsumerJun 9
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Wall Street, TSX rise after interest rate worries fuelled a sell-off FridayWall Street is clawing back some of its steep losses from Friday, as stocks swept up in the artificial-intelligence boom bounced back on Monday.MoneyJun 8
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Oil prices spike, stocks retreat from records as Iran ceasefire strainedThe price of crude oil rose after both the United States and Iran said they launched retaliations for earlier attacks or attempted ones.MoneyJun 3
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Oil prices spike after U.S. strikes Iran, then fall over reports of dealThe price for a barrel of benchmark U.S. crude oil settled at $88.90 after regressing from an overnight high above $92.50, while stocks finished higher.WorldMay 28
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Ottawa, Alberta agree on carbon pricing deal, pipeline construction timelineIn November, Carney and Smith signed a memorandum of understanding that aims to lay the groundwork for a new pipeline from Alberta to the B.C. coast.CanadaMay 15
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EV, hybrid sales 75% higher than March 2025 as gas prices near recordsOne segment of the market that has grown is zero-emission vehicles (ZEVs), a category which includes both battery electric vehicles and plug-in hybrid electric vehicles.ConsumerMay 14
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Air Canada suspends 4 seasonal flight routes, citing jet fuel costsAir Canada says four seasonal flight routes will end earlier than previously planned this year due to the soaring price of jet fuel.CanadaMay 7
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Oil prices whipsaw while stocks hit new highs amid U.S.-Iran blockadesWall Street’s strength followed manic swings in the oil market, where prices surged overnight on worries that the Iran war will affect the flow of crude for a long time.MoneyApr 30
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‘Outrageous’: Alberta motorists shocked by overnight gas price spike'A new normal' is how one industry analyst describes the more than 30 cents-per-litre overnight spike in gasoline prices in Calgary and Edmonton.ConsumerApr 29
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