Oil Surges Past $100 as Iran War Forces Production Cuts
Brent crude oil prices skyrocketed 11% to over $103 per barrel, marking the largest daily gain since 1988, as Middle East producers cut output amid escalating conflict.
Category : Business
Small Investors Buy Energy Stocks Amid Market Dip
Retail investors are seizing opportunities in energy stocks as geopolitical tensions drive oil prices higher and cause broader market declines, according to recent reports.
Oil Prices Spike Over $120 Amid Iran War Production Woes
Global crude oil prices have skyrocketed, nearing $120 per barrel, as escalating military conflict in Iran severely hampers production and shipping, triggering market volatility and economic concerns worldwide.
Trump's Economy Faces Rough Start in 2026: Data Shows Slowdown
The U.S. economy, previously booming under President Trump, shows signs of deceleration in early 2026 as new economic indicators point to challenges ahead.
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Carney Should Fix Domestic Issues to Spur Trade and Investment
Prime Minister Mark Carney's international trade efforts risk overlooking critical domestic problems like uncompetitive taxes and transportation deficiencies that hinder investment and export growth in Canada.
Kanata Lakes Protest Over Golf Course Housing Development
Residents in Kanata rallied on Sunday against a proposed housing development that would replace the local Kanata Lakes golf course, voicing concerns over green space loss and community impact.
Alberta's Time Zone Dilemma Between Provinces
Alberta finds itself between provinces that no longer observe daylight saving time, creating logistical challenges for shippers and travelers while researchers debate whether alignment with the U.S. offers greater benefits.
Oil Price Surge Could Push Food Inflation to 8% in Canada
As oil prices exceed $90 per barrel, experts warn of a looming spike in grocery bills. Historical data shows oil shocks consistently lead to higher food prices within 6-9 months, potentially pushing inflation to 8% this year.
Farm Labor Shortages Worsen Amid Immigration Crackdowns
Agricultural experts warn that immigration enforcement is creating farm labor shortages, potentially leading to unharvested crops, higher produce prices, and supply chain disruptions across key agricultural regions.
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Nobel Discovers Copper Porphyry System in Chile's Cuprita
Nobel Resources Corp. has identified a new mineralized porphyry copper system at its Cuprita project in northern Chile, with drilling revealing over 100 meters of copper-bearing mineralization and promising XRF readings.
G7 to Discuss Joint Oil Reserve Release Amid Price Surge
G7 finance ministers will hold an emergency meeting to discuss a coordinated release of petroleum reserves through the International Energy Agency, aiming to stabilize oil markets after prices surged above $100 per barrel due to Middle East conflict.
IMF Chief: Prepare for 'Unthinkable' Amid Iran War
IMF Managing Director Kristalina Georgieva warns that the Iran conflict could spike oil prices and inflation, urging policymakers globally to plan for worst-case scenarios.
Security Guards in EI Limbo Without Employment Records
Former Toronto security contractors are unable to access employment insurance benefits due to missing records of employment, with a law firm seeking an injunction against One Community Solutions.
Canadians Underestimate CUSMA Termination Economic Risks
A recent Abacus Data poll shows only 45% of Canadians believe ending CUSMA would harm Canada, revealing widespread misunderstanding of significant market and trade vulnerabilities.
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Canada's Pipeline Shortfall Costs Billions Amid Oil Price Surge
As oil prices exceed $100 per barrel due to Middle East conflict, Canada's lack of pipeline infrastructure prevents full economic benefit, costing the nation billions in lost revenue.
Government Job Boom Fuels Debt and Productivity Decline
Canada's public sector workforce has expanded by 21.9% since 2019, outpacing population growth. This debt-financed expansion is linked to falling productivity and a decline in self-employment, raising economic concerns.
Wealth of Nations: Timeless Rebuke to Protectionist Policies
As Adam Smith's seminal work marks its 250th anniversary, its insights on free trade and economic liberty offer a powerful critique of modern protectionist approaches championed by political figures like Donald Trump.
Ridgeline Surpasses $650B AUM with AI Platform Growth
Ridgeline, an AI-native investment management platform, has exceeded $650 billion in committed assets under management. The growth reflects adoption by top asset and wealth managers, driven by AI innovations and operational efficiencies.
Iran War Fears Drive Oil Over $110, Stocks Tumble
World stock markets experienced a sharp decline on Monday as escalating tensions in the Middle East pushed crude oil prices above $110 per barrel, raising concerns about inflation and economic stability.
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Oil Prices Soar After Iran Names New Leader, Launches Attacks
Global oil markets experience significant volatility as Iran appoints a new supreme leader and intensifies military actions, impacting energy security and economic stability worldwide.
Wheatley Fisherman Fined for Lake Erie Fishing Violations
Robert Johnston of Wheatley pleaded guilty to several commercial fishing offenses, including abandoning gill nets and spoiling fish, resulting in a $4,500 fine from the Ontario Ministry of Natural Resources.
Trump Officials Defend Russian Oil Waiver Amid Iran War Price Spike
Trump administration officials justify a temporary waiver on Russian oil sanctions, predicting gasoline price hikes from the Iran conflict will ease within weeks as global markets adjust.
Oil Prices Jump 20% on Middle East War Supply Cuts
Oil prices surged nearly 20% to their highest since July 2022 as the U.S.-Israeli war with Iran prompts major Middle Eastern producers to cut output amid fears of prolonged shipping disruptions through the Strait of Hormuz.
Regina Forum Fuels Female Entrepreneurship on Women's Day
The University of Regina's Inspiring Leadership Forum highlighted female entrepreneurship as a central theme during International Women's Day celebrations, showcasing local business leaders.
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Glasgow Central Station Fire Causes Major Train Disruption
A significant fire near Glasgow Central Station has led to extensive train cancellations and delays, impacting commuters across Scotland's rail network as emergency services respond.
Oil Prices Surge Past $100 Amid Iran Conflict Disruptions
Crude oil prices have exceeded US$100 per barrel due to production and shipping disruptions caused by the Iran war, impacting global energy markets and driving up costs.
Winnipeg Women's Show Spotlights Female Entrepreneurs
The Winnipeg Women's Show celebrated International Women's Day by showcasing women-led businesses at the RBC Convention Centre, providing a platform for entrepreneurs to connect and grow.
Halifax Hosts Major B2B Gift Trade Show for Atlantic Business
The Gift + Home Market Atlantic 2026 trade show in Halifax provides crucial exposure for businesses, with industry leaders highlighting its role in fostering regional economic growth and networking opportunities.
Liquor Store Sales Drop Again, Statistics Canada Data Shows
New data from Statistics Canada reveals a continued decline in liquor store sales across the country, marking another year of reduced consumer spending in this retail sector.
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Femme Fest Honors Ottawa Women on International Women's Day
The Femme Fest event in Ottawa highlighted local women-owned businesses and creatives on International Women's Day, featuring a market and community celebration.
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