Jet Fuel Prices Hit Highs as Iran War Disrupts Middle East Exports
Jet fuel prices have surged globally, reaching over two-year highs in the U.S. and Asia, due to Middle East export disruptions from the Iran war, fueling inflation concerns.
Category : Business
Police Warn Hunters Not to Shoot Escaped Cattle in Ontario
Ontario Provincial Police issue a public warning after cattle escape near Kenora, urging hunters to avoid mistaking the animals for wildlife during hunting activities.
Canada Services PMI Shows Fourth Month of Contraction in February
Canada's services economy contracted for a fourth consecutive month in February, with activity and new business declining due to trade uncertainties, according to S&P Global's PMI data.
U.S. Shale Cannot Quickly Replace Middle East Oil Amid War
U.S. shale executives caution that production increases from Texas will take months, as drillers prioritize investor returns over rapid expansion despite oil price surge.
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Drone Attack Attempt on Saudi Aramco's Ras Tanura Oil Terminal
Saudi Arabia's defence ministry reports an attempted drone attack on the Ras Tanura oil refinery and terminal, a critical global energy hub, highlighting ongoing security threats in the region.
Airline Stocks Recover as Flights Resume Amid Iran Conflict
Airline shares stabilized after a selloff as some flights departed the Gulf region despite ongoing tensions between Iran, the U.S., and Israel, easing travel disruptions.
Kanata South to Downtown: Ottawa's Worst Commute?
Residents of Kanata South face a notoriously challenging daily journey to downtown Ottawa, with OC Transpo's Route 60 highlighting persistent transit issues amid broader urban mobility concerns.
Toronto Resident Wins $75 Million Lotto Max Jackpot
A single Lotto Max ticket sold in Toronto has claimed the massive $75 million jackpot, marking one of the largest lottery wins in the city's recent history. The winner's identity remains unknown as officials confirm the life-changing prize.
Condo Owners Fight Retroactive Photocopier Fees
Strata corporations in Vancouver face backlash for charging owners thousands in retroactive photocopier fees without proper bylaws, sparking legal concerns and intimidation tactics.
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Billionaire Tesla Investor Buys One Million Nvidia Shares
Billionaire Leo KoGuan, a major Tesla shareholder, has purchased one million shares of Nvidia, expressing strong confidence in AI's future and potential for further investment.
Private Credit Titans Warn of Turbulence Amid AI Disruption
Wall Street's private market leaders caution investors about rising default risks as AI disruption looms over corporate America, with firms facing withdrawals and struggling asset sales.
Person Injured in Kitchener Crash, Road Closed
A traffic accident at a Kitchener intersection resulted in one person being injured and prompted a road closure. Emergency services responded to the scene.
Ottawa-Musqueam Deal Raises Property Rights Alarms in B.C.
Federal agreements recognizing Musqueam Aboriginal title across Metro Vancouver create uncertainty for property owners and threaten private investment in British Columbia.
Wall Street Mixed, Oil Stabilizes in Iran War's Fifth Day
U.S. stock markets show mixed performance while oil prices stabilize as the military conflict in Iran enters its fifth day, with broader economic impacts unfolding.
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Wall Street Mixed, Oil Stabilizes After Trump's Hormuz Plan
Wall Street futures were mixed early Wednesday as oil prices steadied after President Trump announced potential U.S. Navy escorts for tankers through the Strait of Hormuz. Global markets remain volatile amid ongoing U.S.-Iran conflict concerns.
OPP Catches Driver Using Cellphone on Hwy. 417 in Ottawa
Ontario Provincial Police report intercepting a driver holding a cellphone while operating a vehicle on Highway 417 in Ottawa during peak traffic hours, highlighting ongoing distracted driving enforcement efforts.
Toronto Gas Prices Spike, More Increases Predicted
Motorists in Toronto face a sharp overnight increase in fuel costs, with industry experts warning of continued upward pressure on prices due to market volatility and supply factors.
Carney's Middle-Power Vision Overshadowed by U.S. Hegemon
Prime Minister Mark Carney's advocacy for middle-power nations like India faces reality as U.S. leadership dominates global crises, including recent actions against Iran.
Russian Tanker Sinks After Fire Off Libya
A Russian-flagged oil tanker has erupted in a massive blaze and subsequently sunk in waters off Libya, according to reports from the Associated Press. The incident highlights ongoing maritime risks in the region.
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U.S.-Israeli War on Iran Causes Major Oil, Gas Disruptions
The escalating U.S.-Israeli military engagement with Iran has led to significant disruptions in global oil and gas supplies, impacting energy markets worldwide.
New Flights Evacuate Travelers Stranded by Middle East War
Governments and airlines are organizing evacuation flights from Gulf hubs like Dubai and Riyadh to repatriate citizens stranded by the US-Israeli attacks on Iran, with passengers recounting harrowing ordeals.
Police Warn Against Hunting Escaped Cows After Highway Crash
Ontario Provincial Police issue a public warning not to hunt cows that escaped from a trailer after a collision on Highway 17 in Kenora, emphasizing public safety and animal welfare concerns.
Canada Packers Reports $23.2M Q4 Profit, Sales Rise
Canada Packers announced a fourth-quarter profit of $23.2 million, with sales edging higher amid challenging market conditions. The results highlight the company's resilience in the food processing sector.
Trump Pledges Safe Oil Transit as Iran War Intensifies
U.S. President Donald Trump announces insurance and naval escort measures to ensure oil flow through the Strait of Hormuz as conflict with Iran disrupts global energy markets and regional stability.
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Economists: Restart Dormant Pipeline for Canada's Energy Security
National Bank economists argue that reopening TC Energy's Line 2 pipeline would enhance national security, strengthen East-West unity, and support industrial growth amid rising electricity demands.
SHARC Energy Launches BFO System with Calgary Order
SHARC Energy announces commercial launch of its Back-Flush Only system with purchase order for Calgary wastewater treatment plant, expanding thermal energy recovery into new markets.
Quebec Tenant Alleges Landlord Keeps Despicable Conditions
A Quebec man alleges his landlord is maintaining despicable living conditions, including rats, mould, and ice, raising concerns about tenant rights and housing standards in the province.
Iran Conflict and Carbon Tax Hike Threaten Grocery Bills
Geopolitical tensions in the Strait of Hormuz combined with Canada's scheduled carbon price increase could add 0.4 to 0.7 percentage points to food inflation, costing households up to $200 more annually.
O-Train East Extension Nears Substantial Completion in Ottawa
The O-Train East Extension project in Ottawa is targeting a crucial milestone of substantial completion today, marking a significant step forward for the city's public transit infrastructure amid ongoing developments.
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Kingsville Fails to Acquire Former High School in Open Market
The Town of Kingsville's attempt to purchase the former Kingsville District High School through an open-market bid has been unsuccessful, leaving the property's future uncertain.
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