33 h. ago US Producer Prices Unexpectedly Fall, Dragged Down by Energy

US wholesale prices fell in March by the most since October 2023, restrained by energy costs and adding to evidence of muted inflation ahead of the Trump administration’s tariffs on US trading partners.

Economics

5 d. ago Here's how Toronto grocery prices compare with the Philippines

Groceries can be expensive no matter where you are. So we decided to compare prices at Walmart Canada to those of a supermarket in the Philippines.One Manila resident shared photos during a recent shopping trip at Cash & Carry, a supermarket selling local and international products.Filipinos can shop at "wet markets," a popular non-supermarket setting where meat, chicken, seafood, vegetables, and fruit can be purchased for a lower price. However, to make the shopping experience more easily comparable, we looked at a regular supermarket in the Philippines and Walmart Canada in Toronto.We also calculated the product's approximate price per unit and used the C$1 to 40.46 Philippine pesos conversion rate. Here's how shopping in the Philippines compares.Fuji applesPhilippines: Fuji apple, 204 pesos/1 kg ($5.04)Canada: Fuji apple, $5.50/1 kgPotatoesPhilippines: Potatoes, 210 pesos/1 kg ($5.18)Canada: Russet potatoes, $3.20/1 kgOnionsPhilippines: White onions, 192 pesos/1 kg ($4.74)Can...

Economics

5 d. 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

7 d. ago Varcoe: 'Market is fearful' — Global trade war, increased OPEC production shock oil prices, stocks

“There's a lot of uncertainty around how this is going to impact the global economy”

Economics

8 d. ago Steep drop in global crude prices drag down Canadian energy stocks

CALGARY — Fears of a tariff-driven recession have led to a steep drop in the price of crude oil, walloping Canadian energy stocks and stoking worry about the sector’s outlook should the weakness persist. West Texas Intermediate crude, the key U.S. benchmark, dropped as low as US$60.45 per barrel on Friday, recovering some ground by […]

Economics

8 d. ago Sharp drop in global crude oil prices drags down Canadian energy stocks

West Texas Intermediate crude, the key U.S. benchmark, dropped as low as US$60.45 per barrel today.

Economics

8 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

9 d. ago VW and Mercedes Answer Trump With Price Hikes, Output Shifts

Europe’s automakers are raising prices and preparing to shift car production to the US to try to protect themselves from President Donald Trump’s tariffs.

Economics

2 w. ago European Peak Power Prices Pressured as Solar Boom Causes Shift

When daylight hours increase in spring, increased solar production in Europe pushes down power prices during the day, creating a dip that’s also known as an inverted peak.

Economics

2 w. ago Kolibri Global Energy Announces a 24% Increase in Production in 2024 With Record Annual Revenues and Adjusted EBITDA and Net Income of US$18.1 Million

THOUSAND OAKS, Calif. — All amounts are in U.S. Dollars unless otherwise indicated: 2024 HIGHLIGHTS Net revenues for 2024 were $58.5 million, an increase of 16% compared to 2023, and within guidance. This increase was primarily due to a 24% increase in production partially offset by a 7% decrease in average prices in 2024 compared […]

Economics

2 w. ago Cannara Biotech Announces Appointment of Justin Cohen to Board of Directors

MONTREAL, March 24, 2025 (GLOBE NEWSWIRE) — Cannara Biotech Inc. (“Cannara”, “the Company”, “us” or “we”) (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB0), a vertically integrated producer of premium-grade cannabis and derivative product offerings at affordable prices with two mega facilities based in Québec spanning over 1,650,000 sq. ft., is pleased to announce the appointment of Mr. […]

Other

3 w. ago People in Ontario reselling iconic Hudson's Bay striped blankets for a fortune

Some people are already capitalizing on the looming closure of The Bay stores in Canada.Hudson's Bay Company (HBC) filed for creditor protection on March 7 and is currently waiting for the Ontario Superior Court's approval of its liquidation plan.In the meantime, shoppers have been flocking to the Bay locations in Canada to try and nab items from its classic striped collection.Some stores have been cleared of stripes as customers are looking to take a piece of North America's oldest company home with them.Others are already making money off of the retail institution's impending closures.One particular product has been reselling for shocking prices online — Hudson's Bay's iconic multi-stripe point wool blanket. The product was first made in 1779 and was traded by HBC to Indigenous and settler communities to use as bedding, clothing, room dividers, and fabric for other items.Just this week, several listings for the blanket have popped up on resale sites like eBay and Facebook Ma...

Economics

4 w. ago Trump Set to Meet Oil Titans on Energy Production Amid Trade War

President Donald Trump is set to meet with top oil executives at the White House next week as he charts plans to stoke domestic energy production, even as the industry grows uneasy about falling crude prices and tariff uncertainty.

Economics

4 w. ago Wildcatter Harold Hamm Says Shale Needs $80 Oil for Costly Fields

Harold Hamm, the billionaire wildcatter and a major donor to President Donald Trump, has challenged a claim from the new US energy secretary that domestic oil companies could increase production even at prices as low as $50 a barrel.

Economics

last month Loblaw clarifies made in Canada label confusion amid tariffs

No grocery store label is safe from the scrutiny of Canadian shoppers during the Canada-United States tariff war.The federal government's initial retaliatory tariffs saw a long list of grocery items impacted by the 25 per cent duty.U.S. President Donald Trump doubled tariffs on steel and aluminum products from Canada on Wednesday, so Ottawa responded with another $29.8 billion worth of tariffs on American goods ranging from stoves to roller coasters.Calls to support Canadian-made products have grown stronger than ever with nearly 25,000 people signing a petition urging "Product of Canada" labels in grocery stores.Canada's major grocers have heard the calls to highlight Canadian goods in stores. Loblaw has even started marking Canadian products with a maple leaf symbol and imported U.S. products with prices that have been affected by tariffs with a "T" symbol.However, some shoppers shared their confusion about discrepan...

Economics