The Trump administration has expanded its trade investigations to 60 countries, including Canada, in an effort to shore up the president’s tariff policies.
Author: Mario Spencer
Canada’s economy lost 84,000 jobs in February, while the unemployment rate edged up to 6.7 per cent, Statistics Canada said on Friday.
Because Canada is a net exporter of oil, it doesn’t need to keep reserves. But some say that rule is outdated, and our at-capacity oil industry can’t do much to help fill the gap created by stalled tanker traffic in the Strait of Hormuz.
Rising oil prices are just the start. By blocking the Strait of Hormuz, global supply chains are at risk. For every day the war drags on, the list of product shortages grows. Shortages of fertilizer for farmers, critical minerals, and helium for semiconductor production are already being felt around the world.
Canada’s telecommunications regulator says it will prevent companies from charging customers when they cancel, change or activate plans.
With no clear end in sight, the war with Iran is sending oil prices back to $100 US per barrel and stocks sinking worldwide on Thursday.
As the Mideast conflict escalates near the Strait of Hormuz, merchant ships and their workers have been caught in the crosshairs.
U.S. President Donald Trump’s administration on Wednesday launched a trade investigation into excess industrial capacity in 16 major trading partners in a move to rebuild tariff pressure after the U.S. Supreme Court tore down the centerpiece of Trump’s trade policy last month.
Air Transat is charging more for flights to Europe as the soaring cost of jet fuel — triggered by an oil crisis that has emerged from the war in the Middle East — weighs on Canadian and international airlines.
Wall Street pointed toward modest gains in pre-market trading Wednesday as energy prices stabilized somewhat on optimism that a major release of oil reserves was imminent.