Ottawa Gas Prices to Rise 6-12 Cents per Litre
Ottawa drivers face imminent gas price hikes of 6-12 cents per litre, driven by Middle East conflicts affecting global oil markets and local supply dynamics.
Category : Business
Aramco Eyes Red Sea Exports to Avoid Hormuz Strait
Saudi Aramco is considering shifting oil exports to the Red Sea port of Yanbu as Middle East conflicts disrupt Persian Gulf shipping, with Saudi production at 10 million barrels daily.
OC Transpo's Most Cancelled Bus Trips in February
New data highlights the bus routes with the highest cancellation rates for OC Transpo during a specific week in February, raising concerns about transit reliability in Ottawa.
TSX Drops 1,000+ Points as Oil Prices Rise
The S&P/TSX composite index experienced a dramatic decline of over 1,000 points, while global oil prices surged, reflecting heightened market volatility and economic uncertainty.
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Stock Sell-Off Worsens with Oil Surge in Iran War Fallout
Wall Street faces sharp declines as oil prices leap over 8%, driven by escalating Iran conflict and inflation concerns, impacting global markets and airline stocks.
Oil Surges as Middle East War Disrupts Shipping Routes
Global oil prices have jumped 18% in two days as conflict between the U.S., Israel, and Iran disrupts shipping through the Strait of Hormuz, threatening energy supplies and economic stability worldwide.
IEA Ready to Stabilize Oil Market Hit by Iran War
The International Energy Agency is prepared to help stabilize global oil markets following the Iran conflict, with member countries holding over a billion barrels in emergency stockpiles, according to a document seen by Bloomberg News.
Fatal Crash West of St. Paul: 2 Dead, 2 Injured
A tragic collision west of St. Paul has resulted in two fatalities and two individuals sustaining injuries. The incident underscores ongoing road safety concerns in the region.
Norway Wealth Fund's First U.S. Renewable Energy Investment
Norway's massive sovereign wealth fund has announced its inaugural investment in U.S. renewable energy assets, marking a significant strategic shift toward sustainable infrastructure.
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U.S. Court Sees Surge in Tariff Refund Cases
The U.S. Court of International Trade, a specialized tribunal with expertise in major trade disputes, is experiencing a significant influx of cases from businesses seeking tariff refunds, highlighting ongoing trade policy complexities.
Ticketmaster and Live Nation Antitrust Trial Begins in New York
The U.S. government's antitrust trial against Ticketmaster and parent company Live Nation commenced Tuesday, alleging the entertainment giant's practices harm artists, venues, and fans.
Elliott Boosts Pinterest Stake by $1 Billion
Activist investor Elliott Management has increased its investment in social media platform Pinterest by approximately $1 billion, signaling strong confidence in the company's strategic direction and growth potential.
Ottawa Parking Garage to Reopen After 2025 Collapse
The owner of a downtown Ottawa parking garage at 150 Slater Street announces plans to reopen the structure, which has been closed since a partial collapse in February 2025.
Ziff Davis Sells Connectivity Division to Accenture for $1.2B
Ziff Davis has agreed to sell its connectivity division to global consulting giant Accenture for US$1.2 billion, marking a significant strategic shift in the technology and media landscape.
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Best Buy Beats Profit Estimates, Shares Soar
Best Buy exceeded Wall Street's profit forecasts for the crucial holiday quarter, leading to a significant surge in its stock price as consumer electronics demand remained robust.
Oil Shock from Iran War to Strain Emerging Markets
The conflict in Iran and resulting energy price surge will pressure emerging markets' external balances, currencies, and capital flows, analysts warn, extending impacts well beyond inflation concerns.
Canadian Real Estate Funds Halt Redemptions, Eye Public Listing
Avenue Living Asset Management suspends redemptions at two multibillion-dollar real estate funds for up to six months while boards evaluate potential public listing options amid market challenges.
Metro Vancouver Approves Thousands of Housing Units Despite NDP
Metro Vancouver municipalities have approved over 60,000 housing units in recent years, contradicting provincial claims of excessive red tape. However, many projects remain unbuilt due to real estate market conditions.
On Holding Sees Boost from Lower U.S. Tariff Rates
Swiss sportswear brand On Holding anticipates a potential boost from reduced U.S. tariff rates following a Supreme Court decision, as CEO Martin Hoffmann reports strong quarterly results.
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Allinial Global Selects Caseware as Preferred Cloud Assurance Partner
Allinial Global, the world's second-largest accounting association, has chosen Caseware as its preferred cloud assurance partner. This strategic alliance will provide member firms with advanced AI-powered audit technology to improve efficiency, consistenc
Fraser Valley Real Estate Shows Early Spring Activity in February
The Fraser Valley real estate market experienced a 36% sales increase in February compared to January, though sales remain 38% below the ten-year seasonal average. Inventory levels remain elevated, creating buyer-friendly conditions.
Venture Global Shares Jump as Court Rejects Shell's LNG Challenge
A U.S. court has dismissed Shell's legal challenge against a key LNG export ruling, triggering a significant stock price increase for Venture Global LNG. The decision reinforces regulatory support for the company's export operations.
Aramco Seeks to Reroute Crude Away from Hormuz Strait
Saudi Arabia's state oil giant is exploring alternative shipping routes to bypass the Strait of Hormuz, a critical chokepoint, amid regional tensions, according to Reuters sources.
Energy Costs Soar Amid Iran Crisis Disrupting Supply
Global energy prices are skyrocketing as the Iran conflict disrupts shipping lanes and oil and gas production, impacting markets worldwide and raising economic concerns.
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Kettlemans Bagel Expands with New Kingston Location
Ottawa-based Kettlemans Bagel reveals a significant expansion plan, including a new store in Kingston, as part of its growth strategy in Eastern Ontario.
Tenants Reject York Developments' Offer, Oppose Tower
London residents refuse relocation or $10K compensation from York Developments, opposing a proposed 30-story apartment building at 550 Ridout Street North.
Unknown Chemicals Secretly Added to U.S. Food Supply
A new investigation reveals that chemicals of unknown safety are being covertly introduced into the American food system, raising significant public health concerns.
Roots Launches Strategic Review Including Possible Sale
Canadian apparel retailer Roots has announced a comprehensive review of strategic alternatives, which may include a potential sale of the company, as it seeks to enhance shareholder value.
Pet Valu Q4 Profit Up, Dividend Raised
Pet Valu announced a rise in fourth-quarter profit compared to the previous year and increased its dividend, reflecting robust financial performance in the pet retail sector.
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Eldorado Gold's Lamaque Complex Wins TSM Gold Leadership Award
Eldorado Gold Corporation's Lamaque Complex in Val-d'Or, Quebec has received the TSM Gold Leadership Award from the Mining Association of Canada for achieving the highest sustainability ratings across all performance indicators.
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