News
Discount on Western Canada Select tightens to narrowest since November
1+ hour, 58+ min ago (67+ words) BOE Report The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures tightened again on Thursday to its narrowest point since November WCS for July delivery in Hardisty, Alberta, settled at $11. 65 a barrel below…...
Bank of Canada holds key rate steady in fifth consecutive decision
1+ day, 9+ hour ago (583+ words) OTTAWA " The Bank of Canada held its benchmark interest rate steady for a fifth consecutive decision on Wednesday as it tries to support a turbulent economy without letting prices rise unchecked. The central bank's policy rate remains at 2. 25 per cent…...
Economists pour cold water on recession talk after Canada's economy stalls in Q1
1+ week, 6+ day ago (934+ words) May 29, 202610: 50 AM The Canadian Press0 Comments OTTAWA " Canada's economy is still struggling to grow but some economists weighing in on the latest real gross domestic product results Friday argued that weakness may not qualify as a recession. Stat Can reported Friday…...
Forget 3% US inflation. It's heading for 4%: Mc Geever
1+ mon, 1+ week ago (779+ words) May 4, 20269: 00 AM Reuters0 Comments U. S. inflation has been above the Federal Reserve's target for so long that many observers believe policymakers have implicitly accepted a higher level. The worry now is that it just keeps rising. Businesses, consumers and investors could be…...
Unlike 2022, central banks to diverge if energy shock deepens: Mc Geever
2+ mon, 1+ week ago (784+ words) The last time the world faced a sudden surge in inflationary pressures from a severe supply shock and spiking energy prices, in 2021-22, major central banks responded in unison. That's unlikely to happen this time around. Five years ago, pandemic-related supply…...
Alberta's economy remains resilient amid geopolitical turmoil
2+ mon, 2+ week ago (176+ words) March 26, 20269: 00 AM CNW EDMONTON, AB, March 26, 2026 /CNW/ " Ongoing trade and geopolitical uncertainty continues to create a" challenging backdrop for Alberta businesses and consumers. At the same time, Alberta's economy has remained resilient, and is expected to continue to grow faster…...
Kevin Warsh's first move as Fed chair could be a rate hike: Mc Geever
2+ mon, 3+ week ago (677+ words) March 20, 202612: 39 PM Reuters0 Comments With the Middle East conflict triggering a massive global energy shock, oil soaring above $100 a barrel, and pre-conflict U. S. inflation figures already flashing red, it's not an outlandish scenario. Fed officials are discussing it, and financial markets are…...
Governments globally roll out measures to blunt effect of Iran war energy shock on consumers
2+ mon, 4+ week ago (385+ words) Governments from Asia to Europe are scrambling to shield consumers from surging fuel and food costs triggered by the U. S. -Israeli war on Iran, rolling out measures ranging from fuel subsidies and price caps to emergency commodity releases. Governments are taking…...
Trump's Hormuz shipping plan is too little, too late in race to avert energy shock: Bousso
3+ mon, 1+ week ago (857+ words) March 4, 20265: 18 AM Reuters0 Comments Even if successful, it will likely offer only limited relief as time quickly runs out to avert the worst global economic fallout from the closure of this vital energy artery. Trump said on Tuesday he had ordered…...