7 h. ago Varcoe: No need for Alberta to panic, Smith says, as oil prices tumble amid economic havoc in U.S.

For Albertans, the volatility could have major financial implications

Economics

18 h. ago Panic Monday: Wall Street follows global markets sharply lower as Trump doubles down on tariffs

Wall Street is pointing toward major losses Monday, following enormous declines last week, as fears mount that U.S. tariffs announced by President Donald Trump will slow global economic growth. European and Asian shares are tumbling sharply, while the leading U.S. index briefly flirted with bear market territory before the opening bell. Oil prices sank again, […]

Economics

20 h. ago World stock markets nosedive again amid Trump’s tariff ‘medicine’

European and Asian shares saw dramatic losses, the leading U.S. index flirted with bear market territory in pre-market trading, and oil prices sagged.

Economics

20 h. ago Markets plummet amid warning of ‘economic nuclear winter’ from tariffs

European and Asian shares saw dramatic losses, the leading U.S. index flirted with bear market territory in pre-market trading, and oil prices sagged.

Economics

24 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

32 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

32 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

33 h. ago Canada’s energy industry faces ‘maelstrom’ of uncertain global economy

After a week of economic turmoil, Canada's energy industry – and the governments that rely on it for revenue – will be watching the markets closely in the coming days.

Other

68 h. 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

3 d. ago Oil in Freefall Reorders Energy Landscape From US to Middle East

The plunge in oil prices over the past two days following the twin shocks of President Donald Trump’s tariffs and the surprise boost in production from OPEC+ has altered the global energy landscape with stunning speed.

Other

3 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

3 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

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

4 d. ago OPEC+ Stuns Oil Market With Policy Switch to Drive Down Prices

For most of this decade, the OPEC+ alliance has been the world’s most stalwart defender of high oil prices. In just a few moments this week, that role reversed dramatically.

Economics

4 d. ago Varcoe: Alberta business leaders relieved but remain wary after no additional tariff hit from U.S.

Alberta energy and business leaders expressed relief after U.S. President Donald Trump unleashed his series of “reciprocal” tariffs against other countries Wednesday, as Canada escaped any new hits from our largest trading partner. “That’s a double-win for us because it means not only do we not get tariffed, but we get an answer on tariffs,” […]

Economics

4 d. ago Varcoe: Alberta business leaders relieved no additional U.S. tariffs, but remain wary amid global markets turmoil

'People will be wise to remain a bit tentative until the issue is fully laid to rest,' says Mike Belenkie, CEO of Advantage Energy

Economics

4 d. ago Letters April 3, 2025: ‘Carney is welcome to have the door hit him on his way out.’

Just leave, Carney So we had a great April fools day with the drop in gas prices didn’t we? Funny thing though, the prices two weeks ago were the same as they are now, then the major oil companies jacked up the prices over twenty cents a litre in some places. The only fool in […]

Transport

5 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 Canadian Oil Patch Enters Trade War With Highest Prices in Years

Canada’s oil patch is entering the trade war with the US backed by the strongest pricing for its crude in four years, giving it a cushion against any potential declines and threatening high costs for American refiners and drivers.

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