As oil prices fall, what happens to Alberta’s gas tax relief plan?

As oil prices fall, what happens to Alberta’s gas tax relief plan?

As Alberta drivers get set to head out for another summer weekend, prices at the gas pumps are trending down. On Friday afternoon, most stations in Edmonton had pump prices around 157.9 cents per litre, with at least one station charging as low as 136.9 cents per litre. Read more: Gas tax savings to start … Read more

As oil prices fall, what happens to Alberta’s gas tax relief plan?

As oil prices fall, what happens to Alberta’s gas tax relief plan?

As Alberta drivers get set to head out for another summer weekend, prices at the gas pumps are trending down. On Friday afternoon, most stations in Edmonton had pump prices around 157.9 cents per litre, with at least one station charging as low as 136.9 cents per litre. Read more: Gas tax savings to start … Read more

Senegal accuses police of ‘savagely beating’ one of its Ottawa diplomats

Senegal accuses police of ‘savagely beating’ one of its Ottawa diplomats

GATINEAU, THAT. — Senegal is accusing Canadian police of “savagely beating” one of its diplomats earlier this week. The Gatineau police service (SPVG) says instead that it faced “an aggressive person” who allegedly injured two police officers. In a press release dated Thursday and made public on Friday, the Ministry of Foreign Affairs of Senegal … Read more

UBS: UK Gas Crisis Set To Plunge British Pound To Historic Lows

UBS: UK Gas Crisis Set To Plunge British Pound To Historic Lows

The British pound is expected to plunge to a historically low level versus the US dollar in the fourth quarter of this year, when the energy and gas crisis in the UK will worsen, according to strategists at the private banking unit of UBS Group. “We expect GBP/USD to come under pressure this year,” Thomas … Read more

Is the worst of the inflation crisis behind us? We asked five economists

Is the worst of the inflation crisis behind us?  We asked five economists

The worst of it may be over. Just a week after Statistics Canada reported inflation rose to 8.1 per cent year-over-year in June — the largest increase in nearly four decades — some economists say inflation has peaked, but warn of turbulence ahead for the country’s fragile economy. “It’s like a fever that has peaked … Read more

Ottawa’s most expensive home is on the market for $8.8 million

Ottawa’s most expensive home is on the market for .8 million

On the shores of the Ottawa River in the community of Dunrobin, Ont., sits Ottawa’s most expensive home on the market. River View Estate is a 27.8-acre property featuring a home with water views, wooded trails, sports facilities and 835 feet of waterfront, according to the listing on Christie’s International Real Estate. “Simply spectacular! This … Read more

Suspected gas pump price gouging prompts Alberta first to demand investigation

Suspected gas pump price gouging prompts Alberta first to demand investigation

Alberta’s premier is demanding an explanation for continued sky-high gas prices across the province. In a news release Friday afternoon, Jason Kenney said he’s launching an investigation into potential price gouging. “First, this afternoon I met with the Canadian Fuels Association to express Albertans’ frustration with recent gas price trends and demand an explanation for … Read more

Suspected gas pump price gouging prompts Alberta first to demand investigation

Suspected gas pump price gouging prompts Alberta first to demand investigation

Alberta’s premier is demanding an explanation for continued sky-high gas prices across the province. In a news release Friday afternoon, Jason Kenney said he’s launching an investigation into potential price gouging. “First, this afternoon I met with the Canadian Fuels Association to express Albertans’ frustration with recent gas price trends and demand an explanation for … Read more

Half a million Toronto residents in apartments with no air conditioning this summer

Half a million Toronto residents in apartments with no air conditioning this summer

Kiki Jones has spent the past few days taking cold showers, avoiding physical activity, keeping the blinds shut and blasting electric fans in their non-air-conditioned apartment in Toronto. But despite those measures, the 31-year-old hasn’t found much relief from the intense summer heat that’s gripped the city this week. “I’ve lived in Toronto for about … Read more

Oil Prices Unmoved By Small Crude, Gasoline Build

Oil Prices Unmoved By Small Crude, Gasoline Build

The American Petroleum Institute (API) reported a build this week for crude oil of 1.860 million barrels, while analysts predicted a build of 333,000 barrels. The build comes as the Department of Energy released 5 million barrels from the Strategic Petroleum Reserves in Week Ending July 15, to 480.1 million barrels. US crude inventories have … Read more