Most recently, in 2022, Russia’s invasion of Ukraine caused disruptions to the energy supply chain, sending gasoline prices 60% higher. … READ MORE >
oil prices
Bank of Canada holds interest rate amid global uncertainty, domestic strain
The Bank of Canada kept its key interest rate at 2.25 per cent—a fifth consecutive hold—due to the elevated level of uncertainty around the direction of the domestic economy and the global financial implications of the war in the Middle East. … READ MORE >
Market Minute: Drawing down oil reserves
In the first two months of the conflict, almost 100 million barrels of inventory were burned through. … READ MORE >
Market Minute: Are you experienced?
Households in the U.S. and Canada, whose economies have become net exporters of oil, have not been spared the rising cost of gasoline and diesel. … READ MORE >
Market Minute: U.S. equity valuations rise amid supply shock
One gets the sense that rising commodity prices and elevated equity valuations cannot both be correct under current conditions. … READ MORE >
Bank of Canada holds interest rate again as economic uncertainty mounts
The Bank of Canada again maintained its key interest rate in a decision that provided little in the way of new information or an updated evaluation on the rapidly changing global economic environment. … READ MORE >
What the Strait of Hormuz reopening means for the economy
The destruction of energy production facilities as well as refining capacity in the Persian Gulf will take months and in some cases years to repair. … READ MORE >
Market Minute: The impact of the Iran war on Latin America
During the first few weeks of the war, Latin American economies have shown resilience amid the disruption in energy flows out of the Persian Gulf. … READ MORE >
Market Minute: The Middle East isn’t a gas station for the West anymore
The Mideast has expanded its economic advantage to include petrochemicals, fertilizers and metals while diversifying into finance, transportation, and leisure and hospitality. … READ MORE >
Market Minute: The cost of failed ceasefire talks in Iran
The announcement of a naval blockade of shipping out of the Persian Gulf will only worsen the shortages of oil, natural gas, distillates, other liquids and refined products. … READ MORE >