Economic ripple effects of escalating Red Sea conflict will be felt: business analysts
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Economic ripple effects of escalating Red Sea conflict will be felt: business analysts
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Economic ripple effects of escalating Red Sea conflict will be felt: business analysts
01:55 | January 12, 2024
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Economic ripple effects of escalating Red Sea conflict will be felt: business analysts
Description
January 12, 2024
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 fuel and labour costs. And the list of disrupted companies continues to grow, including Ikea, BP, Tesla, Volvo, Abercrombie and Crocs. Anne Gaviola has more on the current — and expected — impact on supply chains and inflation across North America.
-
Economic ripple effects of escalating Red Sea conflict will be felt: business analysts01:55 | January 12, 2024
-
‘Don’t mess with people’s booze,’ Doug Ford says as LBCO strike ends04:19 | 2 hours ago
-
Global fish stocks could drop by at least 30% by end of century, UN report warns02:04 | July 21, 2024
-
Business Matters: Grocery code of conduct may help stabilize food prices03:04 | July 19, 2024
-
Your Money04:27 | July 18, 2024
-
Home Renovation Deal Breakers05:17 | July 18, 2024
-
Amazon Prime Day: Best picks for fashion, wellness and pets10:55 | July 17, 2024
-
Succession Gardening05:16 | July 17, 2024
-
Wine war is over: B.C. wineries can once again sell directly to Alberta residents01:55 | July 16, 2024
-
LCBO launches advertising blitz to apologize for strike disruptions00:44 | July 16, 2024
-
New rules for crossing U.S. border with dogs01:53 | July 15, 2024
-
Inflation cools to 2.7% in June, but grocery prices heat up again: StatCan01:52 | July 15, 2024
-
Business Matters: Travel still disrupted due to Crowdstrike outage02:42 | July 15, 2024
-
Is the commercial flight industry slipping in safety standards? An expert explains05:03 | July 14, 2024
-
Struggling with money? What you can do to tackle mounting debt01:51 | July 14, 2024
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Apple Vision Pro launches in Canada05:48 | July 12, 2024
-
Apple cider vinegar pills vs. liquid – which is more effective?06:30 | July 12, 2024
-
Ace Your Look: Tennis-inspired tips for mastering country club chic06:38 | July 12, 2024
-
Susur Lee talks Summerlicious05:38 | July 12, 2024
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Canada’s newest border crossing links Windsor and Detroit05:23 | July 12, 2024
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Business Matters: BMW recalls more than 390,000 cars with airbags that could explode02:42 | July 11, 2024
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Ikea hacking: Low-cost, DIY movement finds new uses for furniture04:54 | July 11, 2024
-
Your Money: Ways to manage student debt06:06 | July 11, 2024
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Business Matters: Ticketmaster notifies Canadian customers of data breach from May02:03 | July 9, 2024
-
Jagmeet Singh outlines plan to lower grocery prices with price cap on essential food01:13 | July 8, 2024
-
How to be responsible with your summer spending04:33 | July 5, 2024
-
Canada enacts controversial digital services tax01:35 | July 4, 2024
-
Ideas for pet-friendly remodeling in your home05:42 | July 4, 2024
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LCBO extends store hours in preparation for potential strike00:36 | July 3, 2024
-
WestJet woes: What stranded travellers need to know05:21 | July 3, 2024
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Outdoor Craft Tips for the Summer Season05:53 | July 3, 2024
-
Business Matters: Tim Hortons parent company boosting presence in China02:03 | July 2, 2024
-
Economic ripple effects of escalating Red Sea conflict will be felt: business analysts01:55 | January 12, 2024
-
‘Don’t mess with people’s booze,’ Doug Ford says as LBCO strike ends04:19 | 2 hours ago
-
Global fish stocks could drop by at least 30% by end of century, UN report warns02:04 | July 21, 2024
-
Business Matters: Grocery code of conduct may help stabilize food prices03:04 | July 19, 2024
-
Your Money04:27 | July 18, 2024
-
Home Renovation Deal Breakers05:17 | July 18, 2024
-
Amazon Prime Day: Best picks for fashion, wellness and pets10:55 | July 17, 2024
-
Succession Gardening05:16 | July 17, 2024
-
Wine war is over: B.C. wineries can once again sell directly to Alberta residents01:55 | July 16, 2024
-
LCBO launches advertising blitz to apologize for strike disruptions00:44 | July 16, 2024
-
New rules for crossing U.S. border with dogs01:53 | July 15, 2024
-
Inflation cools to 2.7% in June, but grocery prices heat up again: StatCan01:52 | July 15, 2024
-
Business Matters: Travel still disrupted due to Crowdstrike outage02:42 | July 15, 2024
-
Is the commercial flight industry slipping in safety standards? An expert explains05:03 | July 14, 2024
-
Struggling with money? What you can do to tackle mounting debt01:51 | July 14, 2024
-
Apple Vision Pro launches in Canada05:48 | July 12, 2024
-
Apple cider vinegar pills vs. liquid – which is more effective?06:30 | July 12, 2024
-
Ace Your Look: Tennis-inspired tips for mastering country club chic06:38 | July 12, 2024
-
Susur Lee talks Summerlicious05:38 | July 12, 2024
-
Canada’s newest border crossing links Windsor and Detroit05:23 | July 12, 2024
-
Business Matters: BMW recalls more than 390,000 cars with airbags that could explode02:42 | July 11, 2024
-
Ikea hacking: Low-cost, DIY movement finds new uses for furniture04:54 | July 11, 2024
-
Your Money: Ways to manage student debt06:06 | July 11, 2024
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Business Matters: Ticketmaster notifies Canadian customers of data breach from May02:03 | July 9, 2024
-
Jagmeet Singh outlines plan to lower grocery prices with price cap on essential food01:13 | July 8, 2024
-
How to be responsible with your summer spending04:33 | July 5, 2024
-
Canada enacts controversial digital services tax01:35 | July 4, 2024
-
Ideas for pet-friendly remodeling in your home05:42 | July 4, 2024
-
LCBO extends store hours in preparation for potential strike00:36 | July 3, 2024
-
WestJet woes: What stranded travellers need to know05:21 | July 3, 2024
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Outdoor Craft Tips for the Summer Season05:53 | July 3, 2024
-
Business Matters: Tim Hortons parent company boosting presence in China02:03 | July 2, 2024
Economic ripple effects of escalating Red Sea conflict will be felt: business analysts
Description
January 12, 2024
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 fuel and labour costs. And the list of disrupted companies continues to grow, including Ikea, BP, Tesla, Volvo, Abercrombie and Crocs. Anne Gaviola has more on the current — and expected — impact on supply chains and inflation across North America.
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