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Jun 8, 2022 · Analysis. Why high oil prices aren't creating an economic boom in Canada. Typically that discount is about $10-$15 US a barrel, but recent events have pushed the gap to beyond $20. That's...
- Why high oil prices aren't creating an economic boom in Canada
The recent surge in oil prices is still a net benefit to...
- Why high oil prices aren't creating an economic boom in Canada
Sep 24, 2023 · Some forecasts suggest that oil prices could soon reach at least $100 US per barrel — putting even more pressure on Canadian consumers coping with high inflation.
- Less Investment Appetite
- Record-Setting Profits
- Demand Flexible, But Steady
The last time the global price of oil surged this high, starting in 2008, there was a surge in investments and a hiring boom. Commodity expert Rory Johnston says years of low prices and low profits have made companies wary of moving too quickly this time. "There's a lot of scarring that occurred over the past decade," said Johnston, author of the n...
Higher oil prices are still a net positive for the Canadian economy, said CIBC's Shenfeld, but things are different this time. "When they're caused by disruptions in the global economy they are not as powerful as when they are caused by strength in economic activity around the world," he said. As the price of oil has skyrocketed these past few mont...
So will the high prices stay? These past two years have been some of the most tumultuous and volatile in modern history. It's easy to wonder if maybe things have changed. "I have an allergic reaction as an economist to any claim that this time is different," said Brett House, formerly the deputy chief economist at Scotiabank. He says there were man...
Oct 13, 2021 · The average retail price of furnace oil in Canada hit $1.33 per litre in early October, compared to 86 cents a litre and $1.14 a litre during the same period in 2020 and 2019, respectively,...
In coordination with the Embassy of Canada, the Energy and National Security Program set out to create a physical map depicting the U.S.-Canada energy trade relationship. This brief explores the map layer-by-layer, ultimately exposing the depth and detail of the complete picture.
Feb 10, 2022 · Higher oil prices have always been a double-edged sword for Canada. On one hand, it’s positive for our large energy sector but on the other, it means consumers are shelling out more at the pumps while companies see increased input costs.
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Aug 4, 2016 · Furnace Oil – Current weekly consumer prices for furnace oil in 30 Canadian cities plus the average Canada price. Prices by city. Prices by year. All fuels in a combined price chart.
