Aramco Warns of Catastrophic Oil Crisis Amid Production Cuts
Saudi Aramco's CEO warns of catastrophic consequences for global oil markets as the company cuts output by 2.5 million barrels daily amid Middle East disruptions.
Category : Business
SAGA Metals Radar Project Gains Strategic Importance for Titanium Supply
SAGA Metals Corp. highlights its Radar Critical Minerals Project in Labrador as strategically relevant amid growing North American focus on securing domestic titanium and vanadium supply chains for defense and aerospace applications.
Brixton Metals Drills High-Grade Silver at Langis Project
Brixton Metals Corporation announces impressive initial drill results from its 2026 exploration program at the Langis Silver Project, including intervals of 15,522 g/t silver over 0.5m and 5,791 g/t silver over 1.75m.
Costco Canada's New Food Court Item Sparks Mixed Reactions
Costco Canada has unveiled a sweet new addition to its popular food court menu, but the announcement has generated a surprising wave of criticism alongside excitement from loyal customers.
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JetBriefly Grounds All Flights After Airline Request
JetBlue Airways temporarily halted all flights across its network after the airline itself requested the grounding. The brief suspension caused disruptions but was resolved quickly.
Markets Bet Trump Will End Iran War Soon Despite Threats
Financial markets are pricing in a rapid de-escalation of the Iran conflict under a potential Trump administration, even as military threats intensify from both sides, with oil prices whipsawing on the uncertainty.
Fire Destroys Villa Nova Motel in Wasaga Beach
A devastating fire has caused extensive damage to the Villa Nova Motel Resort in Wasaga Beach, Ontario, resulting in nearly $2 million in estimated damages. The incident occurred on March 10, 2026, at the property located on Mosley Street.
Stallion Uranium Finishes VTEM Survey, Coyote Drilling Update
Stallion Uranium Corp. has completed a helicopter-borne VTEM Plus airborne electromagnetic survey over the Stone Island target area in the Moonlite Project, while providing an update on ongoing diamond drilling at the Coyote Target in the Athabasca Basin.
Peanut Butter Raises: Companies Spreading Thin Pay Increases
A new compensation report reveals that 44% of companies are implementing across-the-board 'peanut butter' raises, averaging just 3.5%, barely keeping pace with inflation in a tight labor market.
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Edmonton Infill Controversy: Eight-Plexes as Rooming Houses
Edmonton's push for mid-block infill housing faces backlash as eight-plex developments are reportedly being used as short-term rooming houses, raising concerns about neighborhood character and property values.
FAA Briefly Grounds All JetBlue Flights After Airline Request
The U.S. Federal Aviation Administration temporarily halted all JetBlue Airways flights nationwide after the airline requested a ground stop, citing operational concerns. No injuries were reported.
G7, EU to Hold Emergency Talks on Soaring Energy Prices
Leaders from the G7 and European Union are set to hold urgent calls to address skyrocketing energy prices, driven by geopolitical conflicts and market volatility, impacting consumers worldwide.
Iran War Strains Global Economy via Strait of Hormuz
The closure of the Strait of Hormuz following U.S.-Israel strikes is driving up oil and fertilizer prices, threatening food shortages, and complicating central bank policies worldwide.
Ontario Woman Loses $85K in Mortgage Scam with Unlicensed Broker
A consumer protection agency in Ontario warns of unlicensed brokers accepting mortgage funds, as a woman lost $85,000 trying to refinance her home, highlighting risks in the financial sector.
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Renewables Should Be Part of Alberta Energy MOU Talks: Pembina
The Pembina Institute calls for removing barriers to renewable energy projects as a key topic in Alberta's upcoming energy memorandum of understanding negotiations.
Canada's Race for Domestic Graphite in Battery Supply Chains
As global demand for electric vehicle batteries surges, Canada is accelerating efforts to establish domestic graphite production, a critical mineral essential for battery anodes, to reduce reliance on foreign supply chains.
Nova Scotia Gas Prices Rise Third Time in a Week
Nova Scotia's Energy Board has triggered the interrupter clause, leading to another overnight gasoline price hike. This marks the third increase in just seven days, compounding consumer strain as global oil prices fluctuate around $100 per barrel.
Global Stocks Surge Following Wall Street Rally, Oil Drops to $90
Global share prices experienced a significant surge, mirroring a strong rally on Wall Street, while oil prices declined sharply to approximately US$90 per barrel, easing some inflationary pressures.
Government Taxes Shape Behavior: From Dad Tax to Window Tax
Drawing parallels between family dynamics and historical tax policies, this analysis explores how taxation influences behavior with unintended consequences, from British Columbia to centuries-old British examples.
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Oil Price Surge Threatens Quebec Grocery Bills
As oil and gas prices spike due to Middle East conflict, Quebec consumers face higher grocery costs from increased shipping expenses, while local farmers bear rising production costs without price benefits.
Costco Canada Food Court Adding New Sweet Item
Costco Canada is set to enhance its popular food court offerings with a new sweet menu item, delighting members across the country with an expanded selection of affordable treats.
Ottawa's Inclusionary Zoning Plan Faces Skepticism
Ottawa is considering an inclusionary zoning policy requiring developers to provide affordable housing near transit hubs, but experts and developers express doubts about its effectiveness in the current market.
Asian Shares Rebound as War Fears Ease, Oil Prices Volatile
Asian stock markets recovered Tuesday after sharp declines, buoyed by U.S. President Trump's comments suggesting the Iran conflict may be short-lived. However, gains were modest compared to Monday's losses, with oil prices swinging and economic data from
JetBlue Requests FAA Ground Stop at All Destinations
JetBlue Airways has requested a ground stop at all destinations, as announced by the U.S. Federal Aviation Administration on Tuesday. The airline has not provided further details or responded to comment requests.
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U.S. Preclearance Opens at Toronto's Billy Bishop Airport
A new U.S. preclearance facility has officially opened at Toronto's Billy Bishop Airport, streamlining travel for passengers flying to the United States and enhancing cross-border efficiency.
Oil Hits $100, Consumer Prices Rise Across Canada
As oil prices hover around $100 per barrel, experts warn Canadians to prepare for increased costs on groceries, travel, and more, with widespread economic impacts.
Montreal Gas Price Rise May Drive Up Food Costs
Experts warn that escalating gas prices in Montreal, fueled by the Iran war's impact on oil markets, could soon lead to higher food prices as farming and transportation costs increase.
Toronto Founder's Car Damaged by Pothole, Costs $2,000
A Toronto non-profit founder reports significant vehicle damage due to a pothole, highlighting the city's road maintenance challenges amid fluctuating winter temperatures.
Iran War's Impact on Gas Prices and Economic Costs
The escalating conflict in Iran is causing significant spikes in global oil prices, leading to higher fuel costs at the pump and increased expenses for farming, groceries, and transportation.
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Multi-Vehicle Crash Closes Southbound Deerfoot Trail in Calgary
A multi-vehicle collision has shut down southbound Deerfoot Trail near Peigan Trail in southeast Calgary, causing major traffic delays. One person was hospitalized with non-life-threatening injuries.
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