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A long-running Canadian energy bargain has finally moved from political promise to concrete terms. Ottawa, Alberta and the country’s biggest oil sands producers have reached an agreement to advance the Pathways carbon-capture project, a deal designed to make a new West Coast oil pipeline politically and commercially possible.
At the centre is a six-million-tonne annual...
A single announcement from Washington sent a jolt through energy markets on July 13, 2026. President Donald Trump said the United States would reinstate its blockade of Iranian shipping and seek reimbursement equal to 20% of cargo moving through the Strait of Hormuz. Brent crude surged nearly 10% to more than US$83 a barrel, while West Texas Intermediate recorded a similarly ...
A renewed confrontation between the United States and Iran sent another jolt through global markets, but the reaction in Toronto was anything but straightforward. Canadian energy shares climbed as concerns about oil shipments through the Strait of Hormuz pushed crude prices higher. At the same time, declining gold prices weighed on mining companies, preventing the broader mar...
America’s emergency oil stockpile is shrinking at a pace that has turned a technical energy-policy decision into a North American power story. President Donald Trump’s 2026 Strategic Petroleum Reserve release was framed as a response to global supply pressure and Middle East instability, but the numbers reveal a deeper reality: the United States still leans heavily on Canadia...
The Bank of Canada appears ready to give borrowers another lesson in patience. With the policy rate already parked at 2.25%, economists overwhelmingly expect the central bank to leave it unchanged at its July 15 decision. That would protect the economy from a premature increase in borrowing costs, but it would also delay the next clear round of relief for households carrying ...