Posthaste: Insolvencies in this province are up 37% on higher interest rates, says economist
High interest rates and household debt and stretched purchasing power have pressured households’ finances over recent years. (Credit:…
Bank of Canada says food inflation likely to remain high for rest of 2026
A customer shops for produce at a FreshCo grocery store in Brampton, Ont., Friday, June 5, 2026. THE…
Central bank trims borrowing costs to 2022 low, sees room for further rate cuts
The Bank of Israel on Monday decided to lower interest rates, following the US deal with Iran, eased…
Weak economy, rising inflation presented a dilemma for Bank of Canada’s latest rate setting decision, deliberations show
Bank of Canada Governing Council members noted that monetary policy needs to remain “nimble” because markets and events…
Trump offers Ukraine olive branch at G7 — with a price tag – POLITICO
Trump’s apparent openness to increasing pressure on Russian President Vladimir Putin to end his war against Ukraine, and…
When will gas prices go down? What to know after Trump’s Iran deal.
Gas prices were easing as oil markets reacted to a preliminary peace deal between the U.S. and Iran…
Analysts were wrong about sky-high oil prices, and they have China to thank for it
In the early days of the Iran war, analysts held the grim prediction that crude oil prices would…
UK Economy Set to Shrink as Iran Energy Shock Hits Growth
The UK economy is expected to contract despite a boost at the start of the year, with economists…
Britain’s Borrowing Outlook Darkens as Energy Shock Deepens
Chancellor Rachel Reeves has been warned that government borrowing is set to spike as a result of the…
EU cuts growth forecasts as Middle East war drags on – POLITICO
The severity of the energy shock will depend on when the Strait of Hormuz — which channels 20…
Energy Crisis Is Changing Demand Patterns—For Now
Roughly one-fifth of global LNG flows has been impacted by the Hormuz crisis. The cumulative losses in crude…
Global Oil Stockpiles Plunge as Iran War Chokes Supply
The West’s international energy watchdog has warned that oil stockpiles were being drained at a record rate last…