G7 nations will release 100 million barrels of oil and diesel fuel after prices soar
The Group of Seven industrial nations said they agreed to release 100 million barrels of oil, starting with “substantial” amounts of diesel.
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The Group of Seven industrial nations said they agreed to release 100 million barrels of oil, starting with “substantial” amounts of diesel.
Canada’s main stock index was up more than 150 points in late-morning trading, helped by broad-based strength including gains in the technology and industrial sectors, while U.S. stock markets also moved higher.
Some relief is returning to the rattled U.S. bond market on Friday after the latest jobs report cooled worries that a potentially hot U.S economy could make inflation much worse. The resulting drop in bond yields helped U.S. stocks climb back toward their all-time high.
Alberta is on the fast track to get a new oil pipeline to the B.C. coast – but leaders who want the province to quit Canada say that doesn’t move the needle for them on wanting to stay in Confederation.
Canada’s main stock index finished in negative territory, weighed down by losses in the basic materials sector, while U.S. markets gained ground.
More swings in the bond market rattled stock markets around the world on Thursday. The S&P 500 rose 0.2 per cent.
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Most of the U.S. stock market fell Wednesday as Wall Street contended with the downside of a U.S. economy that keeps powering through its many challenges.
Canada’s main stock index lost more than 200 points Wednesday, weighed down by losses in the basic materials sector, while U.S. markets were mixed.
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Mark Carney says the government is making a new $1.2 billion investment in ocean conservation as the country inches toward a decision on a new West Coast pipeline.
Pressure from another increase in Treasury yields weighed down stocks on Wall Street Tuesday. The S&P 500 fell 0.3 per cent.
Canada’s main stock index edged lower on Tuesday, weighed down by losses in the energy sector, while U.S. markets were also negative.
Oil prices settled 2.5 per cent lower on Tuesday as investors focused on signs of recovering crude exports from the Middle East.
Iran’s currency fell to a new record low in a stark reflection of how the war in the Middle East has steadily eroded the Iranian economy.
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