Oil prices fell on Monday morning after President Donald Trump said the U.S. was holding off on striking Iran’s energy infrastructure amid productive talks between the two countries.
Canada considered conserving oil with gasoline rationing stamps in 1979. While it never put the stamps into circulation, economist Peter Tertzakian said the proofs are a reminder that anything can happen in an oil shortage.
Canadian and U.S. stock markets sank on Friday amid fears about the effects of the U.S.-Iran war on interest rates.
Netflix and Warner Music Group have signed an exclusive multi-year deal to produce documentary series and films exploring the lives, music and legacies of the label’s storied artist roster.
More than a dozen customers told Marketplace they are frustrated with poor customer service they received from Canada’s big three telecoms. Employees at Rogers and Telus said frontline customer service representatives have less incentive to help customers issue credits or lower bills, and said they’re measured on their abilities to increase customers’ bills.
The popular online gaming platform Fortnite is hiking the price of its in-game currency starting Thursday, a rare move that experts say sheds some light on the cost of its parent company’s antitrust battles against tech giants Google and Apple.
Canada’s population dropped last year, marking the first time the country has seen an annual net decline in residents since Confederation.
The Bank of Canada held its key interest rate at 2.25 per cent on Wednesday, saying that higher oil and gas prices from the Middle East war are likely to boost global inflation but that it’s too soon to assess the conflict’s impact on the Canadian economy.
The ongoing U.S.-Iran war is causing diesel prices to spike across the country, climbing nearly 30 per cent since the beginning of March. In some parts of Quebec, a litre of diesel is selling for almost $2.50.
Gas prices worldwide have soared since the U.S. and Israel launched strikes on Iran, and the widening war has pinched tanker traffic in the crucially-important Strait of Hormuz shipping route. Ride-hail drivers, many of whom are on the road for hours a day, say they’re being hit hard by the extra expense.