In today’s American economy, spikes in oil prices do not present significant downside risk to top-line economic growth or inflation that they did a half century ago. … READ MORE >
oil prices
Attack on Iran puts focus on energy markets
The primary focus across markets will be on the 20% of global petroleum and liquified natural gas that flows through Strait of Hormuz daily and the price of Brent crude, which stood at $72.87 per barrel on Friday. … READ MORE >
Market Minute: Volatility grips oil markets as tensions rise
As tensions escalate in the Middle East, volatility has gripped oil markets after a period of a growing global surplus. … READ MORE >
Market Minute: OPEC blinks as it plans to pause production increases
Facing the rising risk of a growing global oil glut, OPEC blinked, announcing on Sunday that it would pause a planned increase in oil production next year. … READ MORE >
Bank of Canada cuts interest rate to 2.5% amid economic, labour challenges
The Bank of Canada cut its key interest rate to 2.5 per cent as a slowing economy and rising unemployment likely contributed to the unexpected policy action. … READ MORE >
Market Minute: U.S. oil producers facing headwinds as global supply grows
The futures prices of the benchmark West Texas Intermediate have fallen below $61 per barrel over the next 12 months on news that OPEC+ intends to increase production. … READ MORE >
Market Minute: Oil prices fall as global production rises
The price of crude oil has continued to drop, with West Texas Intermediate falling below $63 per barrel on Wednesday. … READ MORE >
Canada’s consumer price index steady due to cooling housing market
Canada’s consumer price index rose 1.7 per cent in May thanks to a more balanced housing market and smaller increases in travel prices. … READ MORE >
Market Minute: Supply shocks and inflation expectations
The escalation of hostilities in the Middle East over the weekend could very well be the next step in a broader global supply shock. … READ MORE >
Market Minute: Tanker traffic through Strait of Hormuz at risk
The prospect of an expansion of hostilities in the Middle East has put in focus a potential oil supply shock if shipping through the Strait of Hormuz is significantly disrupted. … READ MORE >