Electrical

It's called the world's most critical oil choke point — and Iran holds the power. Washington's strikes on Iran stoked fears that Iran could retaliate by closing the Strait of Hormuz, a waterway between Iran and Oman through which around 20 per cent of the oil and gas consumed globally flows.  Oil prices tumbled Monday after Iran's initial retaliation didn't appear to…

The annual pace of inflation held steady at 1.7 per cent in May as cooling shelter costs helped tame price pressures, Statistics Canada said on Tuesday. Shelter costs rose three per cent in May, the agency said, marking a slowdown from 3.4 per cent in April. Statistics Canada singled out Ontario as the major source of…

Another year, another record for Alberta's oil industry. Oilsands production is on pace to reach an all-time high this year as production in northern Alberta is expected to grow by five per cent in 2025 compared to last year. The latest forecast released Wednesday by S&P Global Commodity Insights anticipates average annual production of 3.5 million…