Oil Prices

• Bank of Canada holds interest rates as Iran war rattles global economies

  The Bank of Canada held its benchmark lending rate at 2.25 per cent, but Governor Tiff Macklem is keeping an eye on how the Iran war could impact Canada's economy.

  Economy

  1 hour
  
• Global markets rise, oil prices retreat despite Iran war escalation

  U.S. benchmark crude fell US$1.24 to US$94.53 per barrel. Brent crude, the international standard, rose to US$104.17 per barrel. That's down from more than US$106 on Monday.

  World

  3 hours
  
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• Danielle Smith hopes to balance Alberta budget even with moderate oil prices

  Danielle Smith addressed the Rural Municipalities of Alberta conference, hearing concerns on everything from health care access to infrastructure woes and unpaid oil and gas taxes.

  Politics

  Mar 17
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• Iran’s leader vows to continue attacks in 1st statement since appointment

  Iran’s secretive new supreme leader on Thursday vowed to keep up attacks on Gulf Arab countries and use the effective closure of the strategic Strait of Hormuz as leverage.

  World

  Mar 12
• Oil prices jump, U.S. markets retreat as Iran war worsens supply concerns

  U.S. benchmark crude oil jumped US$4.52 to US$91.77 a barrel. Brent, the international standard, climbed US$5.34 to US$97.32 per barrel after briefly eclipsing the US$100 level.

  World

  Mar 12
• Canada, 31 nations agree to release 400M barrels of emergency oil

  Canada and a group of dozens of other countries have agreed to release 400 million barrels of oil from their strategic reserves as the Iran war threatens the global supply.

  World

  Mar 11
• Oil prices could surge to $200 a barrel, Iran warns as war stretches on

  Iran's military command said on Wednesday the world should be prepared for oil to hit US$200 a barrel, as three more ships came under attack in the blockaded Gulf.

  World

  Mar 11
• Airlines around world hike fares as Iran war sparks global fuel price surge

  The war has sent oil prices surging, upending global travel, pushing airline tickets on some routes sky-high, and sparking fears of a deep travel slump.

  World

  Mar 10
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• G7 won’t release oil reserves yet to quell surging oil prices amid Iran war

  G7 finance ministers said they were monitoring the situation and were prepared to implement 'necessary measures,' but stopped short of committing to release emergency reserves.

  Economy

  Mar 9
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• Oil price spikes will hit Canadians ‘throughout our economy,’ experts say

  Canadian consumers are going to feel it in their wallets just about everywhere the longer the Iran war goes on, while some parts of the economy could see benefits.

  Consumer

  Mar 9