Atmospheric river brings heavy rain, snow to B.C. coast
An atmospheric river is forecast to bring significant precipitation to British Columbia's north coast, with heavy rain and snow expected. Residents should prepare for potential impacts.
Category : Search result: heavy crude prices
China eyes Canadian oil after US Venezuela action
Chinese refiners are seeking Canadian crude as a replacement for sanctioned Venezuelan oil, with China buying nearly 40% of Canada's seaborne exports in 2025. Discover the market shift.
N.B. food prices rise fastest in Canada, N.S. slowest: study
A new study reveals New Brunswick saw Canada's largest food price jump, while Nova Scotia recorded the smallest. Explore the regional disparities and impacts on shoppers.
Venezuela Oil Coup: A Warning for Canada
The U.S.-backed change in Venezuela puts Canada's oil exports at risk, highlighting an urgent need for trade diversification and infrastructure investment. Read the analysis.
Precious Metals Slide as Traders Weigh Index Rebalancing, Tariffs
Gold, silver, and platinum fell sharply Wednesday amid exceptional market volatility. Traders assess index re-weightings, supply tightness, and potential U.S. tariffs. Get the latest analysis on precious metals.
Venezuela's Oil Potential Locked by Sanctions, Investment Gap
Venezuela holds the world's largest oil reserves but production is a fraction of its peak. Sanctions and crumbling infrastructure mean its impact on tight global crude markets remains minimal. Discover the barriers to unlocking its potential.
Venezuelan Oil to Impact U.S. Refiners and Canadian Producers
The potential return of Venezuelan oil to global markets could benefit U.S. Gulf Coast refiners while posing a competitive threat to Canadian heavy crude producers. Analysis of the shifting energy landscape.
Venezuela to Send Up to $2.8B in Oil to U.S., Trump Says
President Trump announces Venezuela will send up to 50 million barrels of oil to the U.S., a move reshaping global energy flows and challenging China's influence. Read the full analysis.
Slick roads, heavy fog hit Middlesex County
Middlesex County faces hazardous travel with slick roads and dense fog amid mixed precipitation. Stay updated on the forecast and road safety advisories.
U.S. and Venezuela Strike $2 Billion Oil Export Deal
The U.S. and Venezuela reach a landmark deal for up to $2 billion in crude oil exports, redirecting shipments from China. President Trump announces the agreement, which follows the capture of Nicolas Maduro.
Freezing Rain Warning in Toronto, School Buses Cancelled
A special weather statement is in effect for Toronto as freezing rain transitions to heavy snow, causing widespread disruptions including school bus cancellations. Get the latest details.
Venezuelan Oil Won't Quickly Replace Canadian Crude: Analysts
Experts say concerns that Canadian oil exports will be displaced by Venezuelan crude are premature. Canada's deep integration with U.S. refineries and Venezuela's infrastructure challenges provide a buffer.
U.S. Tariffs Alter Canadian Bar Menus and Drink Prices
New U.S. import tariffs are changing what Canadians drink, raising prices on Champagne, tequila, and spirits. Discover how global trade policy impacts your happy hour.
Venezuela regime change may hurt Canada's oil sector
A political shift in Venezuela could flood markets with heavy crude, undercutting Canadian oil prices and investment. Explore the potential risks for Alberta's economy.
Barrie digs out after major winter snowfall
Residents of Barrie, Ontario, continue shoveling out from significant snow piles following a major winter storm. Get the latest on local conditions and community response.
New Stats Show Food Inflation Varies Widely Across Canada
Fresh statistics reveal uneven food inflation rates across Canadian regions. Discover the local impacts on grocery bills and what the data means for consumers nationwide.
Canadian Oil Prices Weaken After Venezuela Upheaval
The dramatic capture of Venezuela's president by U.S. forces has sent shockwaves through North American oil markets, weakening Canadian heavy crude prices. Discover the immediate impact and long-term outlook for Alberta's energy sector.
Gold, Silver Jump on Venezuela Tensions and Fed Outlook
Gold and silver prices soared as U.S. actions in Venezuela heightened geopolitical risk. Analysts see further gains with expected Fed rate cuts and central bank buying driving momentum.
Significant Snowfall to Impact Toronto Monday Morning Rush Hour
Environment Canada warns of heavy snow disrupting Toronto's Monday morning commute. Get the latest details on the snowfall warning and travel impacts.
Heavy snow expected in Toronto area Monday morning
Environment Canada forecasts significant snowfall for Toronto and surrounding regions Monday morning. Residents advised to prepare for hazardous travel conditions and potential delays.
Venezuela Oil Revival Needs Years, Major Investment
Trump's plan for US firms to revitalize Venezuela's oil post-Maduro capture won't impact prices soon. Analysts say rebuilding decayed infrastructure requires a decade and $100B. Explore the global energy implications.
Heavy Snow, Extreme Cold Forecast for Canada This Weekend
Environment Canada warns of heavy snow, extreme cold, and reduced visibility across Quebec, Ontario, and Western Canada. Get the latest forecast and safety details.
Gold, Silver Advance as New Year Trading Begins
Gold and silver prices climbed as 2026 trading opened, building on record annual gains. Analysts warn of near-term pressure from a massive index rebalancing set to trigger billions in sales.
No Change in Gas Prices for Nova Scotia, P.E.I.
Fuel costs remain stable in Atlantic Canada to start the new year. Get the latest on what's driving prices at the pumps and what to expect next.
Winter Storm Warnings Across Canada, Up to 70 cm Snow
A major multi-day winter storm hits Canada, with warnings for up to 70 cm of snow and extreme cold. Environment Canada issues alerts for 12 provinces and territories. Stay informed on closures and safety.
Quebec orders public inquiry into fatal truck crashes
Quebec's chief coroner has mandated a public inquiry into deadly collisions involving heavy trucks, citing urgent road safety concerns. Learn about the investigation's scope and goals.
Afghanistan flash floods kill 17 after heavy rains
At least 17 people have died in Afghanistan due to flash floods triggered by heavy rainfall. The disaster highlights the region's vulnerability to extreme weather events.
Manitoba gas prices drop, low costs expected for weeks
Gas prices in Manitoba have fallen significantly and are projected to stay low for several weeks. Get the details on this welcome relief for drivers and what's behind the trend.
U.S. crude oil imports fall to lowest since Feb 2021
U.S. crude oil imports dropped sharply last week to their lowest point in nearly five years, according to the Energy Information Administration. Explore the data and potential market impacts.
Oil Heads for Deepest Annual Loss Since Pandemic on Surplus
Brent crude steadies above $61 as markets brace for the largest yearly decline since 2020. Geopolitical risks and rising global supplies drive the surplus expected to pressure prices into 2026.
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