Russia-Iran Oil Price War as Crude Piles Up in Asia
Russia and Iran are slashing oil prices to compete for limited Chinese buyers, causing a massive buildup of unsold crude in Asian waters as India reduces imports and China's capacity is maxed out.
Category : Business
OPEC+ Eyes 137,000 bpd Oil Output Rise for April
OPEC+ is reportedly considering a modest oil production increase of 137,000 barrels per day for April, according to Reuters sources, amid ongoing market volatility and geopolitical tensions.
Russia-Iran Oil Price War Intensifies for Chinese Buyers
Russian and Iranian oil producers are offering deepening discounts to compete for Chinese buyers after India reduced imports, leading to a buildup of unsold crude in Asian waters.
OPEC+ Expected to Resume Modest Oil Production Hikes
OPEC+ delegates anticipate the group will agree to resume modest production increases when it meets this weekend, despite warnings of a supply glut that hasn't yet impacted prices due to geopolitical risks and output disruptions.
Jasper Place Hotel Fire: Historic Loss or Renewal Opportunity?
The destruction of the long-abandoned Jasper Place Hotel in a fire has ignited a complex conversation among west-end Edmonton residents, balancing the loss of local history against potential for new development in the community.
Surrey Downtown to Get Thousands of New Homes in Major Projects
Two major development proposals in Surrey's downtown core could bring thousands of residential units and commercial spaces, though city staff have raised concerns about non-residential space requirements.
Surrey Greenhouse Manager Sued for $7M Over Fake Invoices
A long-time manager at Burnaby Lake Greenhouses in Surrey is being sued for over $7 million after allegations surfaced that he created fake invoices to a company he owned, with the scheme reportedly lasting over a decade.
Muskoka Brewery Unveils New Packaging for 30th Year
Muskoka Brewery reveals refreshed packaging designs across its core portfolio to mark three decades of brewing in Ontario's cottage country, featuring modern updates while honoring regional heritage.
Employers Struggle to Validate Self-Taught Skills in Canada
A new survey reveals Canadian employers are slow to adapt hiring practices as self-taught skills surge, with 52% of job seekers claiming online learning credibility but 61% of hiring managers still preferring formal education.
Globex Reports Drilling Progress at Duquesne West Gold Project
Globex Mining Enterprises announces initial results from Emperor Metals' 2025-2026 drilling program at Duquesne West, revealing extensive mineralization and potential resource expansion.
U.S.-Canada Trade Talks Set After Trump's Tariff Speech
U.S. Trade Representative Jamieson Greer announces upcoming bilateral meetings as President Trump defends tariffs in State of the Union address, signaling continued trade discussions between the two nations.
Edmonton House Under Construction Destroyed by Fire
A house under construction in Edmonton was destroyed by a fire on 104 Street between 112 and 113 Avenues on February 25, 2026, with firefighters responding to the scene.
Windsor Overpass Project Needs More Noise Exemptions
The Banwell Road and E.C. Row Expressway interchange project in Windsor requires further noise exemptions to proceed with construction, as officials address community concerns and regulatory requirements.
Strata Fines Need Majority Vote, Not One Member's Call
A strata council president's unilateral fines for minor infractions, like parking a clean trailer overnight, are invalid. Bylaw enforcement requires a majority council decision, not individual action, ensuring fairness and legal compliance.
AlectraCARES Awards $1M to Ontario Non-Profits for Community Aid
Alectra Inc. has announced over $1 million in funding through its AlectraCARES Community Support Program for 2026, benefiting non-profits across Ontario. The grants target critical areas like food security, mental health, and environmental conservation.
Ring of Fire Mine Clears Regulatory Hurdle in Northern Ontario
A proposed mining operation in Ontario's Ring of Fire region has successfully passed another regulatory stage, moving closer to development amid environmental and economic considerations.
Foremost Clean Energy Reports High-Grade Gold at Jean Lake
Foremost Clean Energy Ltd. announces final assay results from its 2025 diamond drill program at the Jean Lake Gold-Lithium Property in Manitoba, revealing high-grade gold intercepts and a ~600-metre mineralized strike length along the Valkyrie Gold Trend.
National Bank Beats Estimates as CWB Acquisition Drives Growth
National Bank of Canada exceeded analyst expectations in its fiscal first quarter, reporting robust gains across personal, commercial, and capital markets segments, largely due to its acquisition of Canadian Western Bank.
Nvidia's Earnings Volatility at 3-Year Low, Options Show
Options traders are pricing in Nvidia's smallest post-earnings stock swing in three years, signaling reduced market volatility expectations ahead of its quarterly report.
Circle's Q4 Revenue Rises on Strong Stablecoin Growth
Circle reports a significant fourth-quarter revenue increase driven by heightened stablecoin circulation, as the company progresses toward its public listing with the SEC.
Workday Shares Drop as Soft Forecast Sparks AI Fears
Workday's stock continues to fall sharply after a disappointing forecast, intensifying investor worries about the company's ability to compete in the rapidly evolving AI-driven business software landscape.
Nvidia Earnings Test for AI-Obsessed Stock Market
Nvidia's upcoming earnings report arrives amid market jitters over AI sustainability, with investors questioning massive tech investments despite anticipated strong results from the chip giant.
Tow Truck Impounded in Springwater Over Driver Certification
Ontario Provincial Police stopped a tow truck on Bayfield Street North and impounded the vehicle after discovering the driver did not possess the required operating certificate.
Lowe's Downbeat Forecast as Home Remodels Deferred
Lowe's has provided a subdued annual forecast, citing a trend where customers are postponing expensive home improvement projects amid economic uncertainty.
Windsor Lakeshore Rejects Social Housing, Stays Independent
The Lakeshore district in Windsor, Ontario, has decided against participating in a regional social housing program, choosing to maintain its own municipal approach to addressing homelessness and housing needs.
Loblaw Misses Q4 Revenue Estimates
Canada's largest grocery retailer, Loblaw, reported fourth-quarter revenue below analyst forecasts, highlighting challenges in the competitive retail sector.
National Bank Q1 Profit Hits $1.25B, Up from $997M
National Bank of Canada reports a substantial increase in first-quarter profits, reaching $1.25 billion compared to $997 million in the same period last year, reflecting strong financial performance.
Australia Sends LNG to Canada as Asian Markets Falter
Australia is shipping liquefied natural gas over 25,000 kilometers to eastern Canada, marking a strategic shift as demand in key Asian markets like China declines significantly.
BMO Reports $2.49B Q1 Profit, Up from $2.14B Last Year
The Bank of Montreal announced a substantial increase in its first-quarter profit, reaching $2.49 billion compared to $2.14 billion in the same period last year, reflecting strong financial performance.
Bill Gates Took Responsibility for Epstein Links
The Bill & Melinda Gates Foundation confirms that Bill Gates acknowledged responsibility for his interactions with Jeffrey Epstein, as reported by Reuters in February 2026.
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