15 h. 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

17 h. ago Australia Says Global Chaos a Result of US’s ‘Bad Decisions’

Australian Treasurer Jim Chalmers has blamed “bad decisions” on tariffs for stock markets tumbling around the world, even as his department forecasts only minor impacts on domestic economic growth and inflation.

Other

23 h. 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

23 h. 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 d. ago Canadian energy stocks dragged down by steep drop in global crude oil prices

If crude price drop ends up being sustained, oilpatch may throttle back spending plans, expert says

Economics

3 d. ago Stocks Tumble as Tariff War Overshadows Solid Jobs: Markets Wrap

Stocks tumbled around the world, bonds surged and oil hit a four-year low, with China stepping up its the fight against President Donald Trump’s trade war to intensify concerns about the economy despite signs of a solid jobs market.

Economics

3 d. ago Oil Extends Sharp Drop After Surprise OPEC+ Hike, Trump Tariffs

Oil fell further after President Donald Trump’s tariffs and an OPEC+ decision to increase output faster than previously announced triggered the worst rout since 2022.

Economics

4 d. ago BREAKING: Stock markets in Canada and U.S. tumble after tariff announcement

Stock markets in Canada and the U.S. plunged at the start of trading following the announcement of U.S. President Donald Trump’s latest tariff plan. The S&P/TSX composite index was down 616.25 points at 24,690.93. In New York, the Dow Jones industrial average was down 1,105.78 points at 41,119.54. The S&P 500 index was down 181.56 […]

Economics

4 d. ago Commodities Impact Mixed as Trump Announces Reciprocal Tariffs

The long—awaited unveiling by President Donald Trump of sweeping reciprocal tariffs on imports into the US triggered a slump in oil prices while gold rose.

Economics

5 d. ago U.S. attacking its ‘number one ally’ in trade war, Ford says

'It's going to hurt American jobs, it's going to hurt investments, we've seen the markets tumble'

Economics

5 d. ago Oil Rally Wavers as Focus Turns to US ‘Liberation Day’ Tariffs

Oil was little changed, pausing last month’s rally as traders position themselves for US tariff announcements.

Economics

6 d. ago Alberta Premier Danielle Smith expects some industries to escape new U.S. tariffs

Danielle Smith says that since Canada doesn't tariff imports of U.S. oil or most food products, she expects those industries to remain unscathed.

Economics

6 d. ago Smith hopeful, but unsure, that Alberta oil and food production will escape Wednesday's U.S. tariffs

"We don't have any tariffs on their oil and gas. So, I'm assuming that means that they're not going to have tariffs on our oil and gas," Smith said.

Economics

6 d. ago California’s Thirst for Canadian Oil Spurs West Coast Import Boom

US West Coast refiners imported a record amount of Canadian oil last month as the threat of tariffs and high prices for competing grades prompted buyers to stock up on the heavy, high-sulfur crude.

Economics

6 d. ago Oil Holds Hefty Advance With Trump Sanctions, Tariffs in Focus

Oil steadied after jumping on Monday as President Donald Trump suggested that the US may work to curtail crude shipments from Russia, the world’s third-largest producer and a major exporter.

Economics

7 d. ago Stock markets around world tumble as Trump’s ’Liberation Day’ approaches

NEW YORK — President Donald Trump’s “Liberation Day” is fast approaching, and stock markets around the world are tumbling Monday in advance of it. On Wall Street, the S&P 500 was down 1.3% following one of its worst losses of the past couple of years on Friday. It’s on track to finish the first three […]

Economics

8 d. ago Trump Says He’s ‘Very Angry’ With Putin, Threatens Oil Penalties

President Donald Trump said he’s “pissed off” at Russian President Vladimir Putin and would consider “secondary tariffs” on Russian oil if a ceasefire with Ukraine can’t be reached, NBC News reported.

Politics

1 week ago TSX down 400 points on Friday amid looming tariffs, inflation worries

Canadian and American markets tumbled Friday amid inflation worries and uncertainty over the scale and scope of the next round of U.S. tariffs set to kick in April 2. The S&P/TSX composite index was down 1.6 per cent, or 401.91 points, at 24,759.15. In New York, the Dow Jones industrial average finished down 715.80 points […]

Economics

1 week ago China Refiners Face Yet Another Blow as Trump Presses Venezuela

China’s private refiners, long plagued by excess capacity and paper-thin margins, are facing yet another setback as the Trump administration imposes a 25% tariff on any buyer of Venezuelan oil and gas.

Other

1 week ago Trump’s Threat of ‘Secondary Tariffs’ Invents New Trade Weapon

President Donald Trump appeared to invent a new weapon of economic statecraft on Monday by threatening what he dubbed “secondary tariffs” on countries that buy oil from Venezuela to choke off its oil trade with other nations.

Economics