Skip to main content

Featured

Gas Is Still $1.81 a Litre: Why Pump Prices Won't Fall (and What to Do Before Winter)

  Canadians hoping for relief at the pump got bad news heading into this week: it isn't coming soon. The national average for regular gas was $1.81 a litre on Friday, according to Kalibrate, with provincial averages ranging from $1.557 in Alberta to $2.156 in Newfoundland, per GasBuddy. That's after a big policy move. On Friday the G7 announced plans to release 100 million barrels of oil right away, starting with diesel. Brent crude dipped on the news, then climbed back to about US$102 a barrel by the afternoon. Don't expect the release to show up at your station, because crude is only half the story. Crude oil explains only half your pump price Wood Mackenzie's Jim Mitchell says crude makes up 50 to 60 per cent of the retail price of gas. The rest is the cost of refining it, and that's where the squeeze is. Bank of Canada Governor Tiff Macklem pointed to damaged refining capacity worldwide in a Sept. 21 speech, noting that pump prices reflect crude roughly US$40 a ...
Post a Comment
Read more

article

Labels

Canada and UAE Deepen Economic Ties with Landmark Investment Pact

 

                               Carney signs UAE investment pact, launches trade talks during Abu Dhabi visit.


Canadian Prime Minister Mark Carney has signed a foreign investment protection agreement with the United Arab Emirates during his visit to Abu Dhabi, marking a significant step in strengthening bilateral economic relations. The pact establishes clear rules for private sector deals and is expected to encourage larger cross-border investments.

Alongside the agreement, both countries formally launched negotiations for a free trade deal, aiming toward a comprehensive economic partnership. This initiative could expand cooperation in key sectors such as energy, agriculture, infrastructure, and artificial intelligence, reflecting Canada’s ambition to diversify its global trade portfolio.

Carney’s trip is notable as the first visit by a Canadian prime minister to the UAE since 1983, underscoring the strategic importance of the Gulf nation in Canada’s foreign policy. The visit also comes amid international scrutiny of the UAE’s role in Sudan, adding a layer of geopolitical complexity to the talks.

During his stay, Carney met with Sultan Ahmed al-Jaber, the UAE’s Minister of Industry and Advanced Technology, and toured cultural landmarks, signaling a broader diplomatic engagement beyond trade. The investment pact and trade talks are expected to lay the groundwork for deeper economic integration between Canada and the UAE, potentially opening new opportunities for Canadian businesses in the Middle East.

In summary: Carney’s Abu Dhabi visit has produced a landmark investment pact and initiated trade negotiations, positioning Canada to expand its economic footprint in the Gulf region.

Labels:

Comments

Post a Comment