10 h. ago Economy shrunk 0.2% in February, StatCan estimates 1.5% annualized growth for Q1

OTTAWA — Statistics Canada says the Canadian economy contracted in February but early signs suggest moderate growth in March. The agency says real gross domestic product decreased 0.2 per cent in February. That was driven by a 0.6 per cent decline for goods-producing industries, with mining, quarrying, and oil and gas extraction and construction contributing […]

Other

18 h. ago Equinor Earnings Decline on Oil Trading Weakness, LNG Outage

Equinor ASA said first-quarter profit fell, reflecting weaker oil and gas trading and a prolonged outage in northern Norway.

Other

6 d. ago Oil Holds Decline With Focus on OPEC+ Supply and Tariff Outlook

Oil held a decline as investors weighed the prospect of more OPEC+ supply and the fallout from trade tensions between the US and China.

Economics

7 d. ago Oil Prices May Fall Further on China Slowdown, IEA Chief Says

Oil prices may decline further this year as new production swells and demand remains capped by China’s faltering growth, the head of the International Energy Agency said.

Economics

1 week ago Asian Stocks Advance, Yen Weakens on Tariff Talks: Markets Wrap

Asian stocks nudged higher and the yen weakened as investors took heart from a first round of trade negotiations between the US and Japan.

Economics

2 w. ago Oil Steadies With Glut Expectations, Trade War Souring Outlook

Oil steadied after a modest decline on Tuesday as expectations for a glut, and the trade war between the world’s two biggest economies weighed on the demand outlook.

Economics

2 w. ago How this northern Alberta First Nation used ‘community capitalism’ to raise living standards

How Canada Wins: '(Fort McKay First Nation) was historically a trapping and fishing community. As those industries declined, we saw the oil sands as an opportunity for transition'

Economics

2 w. ago Oil Heads for Weekly Decline as Trade War Roils Global Markets

Oil headed for a second weekly loss as mounting disorder in global markets triggered by US President Donald Trump’s aggressive trade policy spurred concerns about a recession and a flight from risk.

Economics

2 w. ago UK Housing Market Risks Being Derailed by Trade War, RICS Says

The UK housing market is in danger of being “blown off course” by US President Donald Trump’s trade war, estate agents warned after activity weakened sharply last month.

Economics

3 w. ago Trade War Ignites Inflation Expectations, Bank of Canada Says

Bank of Canada surveys show firms believe upward price pressures from the trade conflict with the US will exceed the downward pull from weaker demand, threatening to undo progress on keeping inflation expectations well-anchored.

Economics

3 w. ago Mideast stock markets tumble as US tariffs and low oil prices squeeze energy

DUBAI, United Arab Emirates (AP) — Middle East stock markets tumbled Monday as they struggled with the dual hit of the United States’ new tariff policy and a sharp decline in oil prices, squeezing energy-producing nations that rely on those sales to power their economies and government spending. Benchmark Brent crude is down by nearly […]

Economics

3 w. ago Oil Extends Slump as Saudis Slash Prices and Tariff Risks Mount

Oil sank at the week’s open after Saudi Arabia slashed its flagship crude price by the most in more than two years, and the escalating trade war spurred concerns about a global recession and weaker demand.

Economics

3 w. ago Oil Plummets as Trade Risks Increase and Saudis Slash Prices

Oil sank at the week’s open after Saudi Arabia slashed its flagship crude price by the most in more than two years, and the escalating trade war spurred concerns about a global recession and weaker demand.

Economics

3 w. ago Dollar Traders Prep for More Losses After 1.5% Slide in Currency

Traders are bracing for more dollar weakness after President Donald Trump’s sweeping trade tariffs weakened the US currency by the most in two and a half years.

Economics