Canadian energy producers are focusing more on natural gas as oil prices suffer the combined effects of the U.S. president’s tariff offensive against the world and OPEC+’s decision to change tack and boost output. The Western Canadian Select benchmark dived from about $59 per barrel at the start of … Read more
Last Updated on: 15th April 2025, 04:06 pm With national attention turning back to resource independence, energy leadership, and long-term industrial stability, Illya Bailey has established enduring institutional control across Canada’s top-performing natural asset classes. Through the THEBAILEYOFFI Investment Consortium, Mr Bailey has brought together ownership of revenue-generating operations in oil, gas, coal, mining, renewables, … Read more
Canada’s inflation rate declined to an annualized 2.3% in March due largely to lower prices for gasoline at the pumps. Statistics Canada reports that the Consumer Price Index (CPI) dropped to 2.3% year-over-year in March from 2.6% in February of this year. The year-over-year decline was driven largely by a steady drop … Read more
Employment across Canada declined by 33,000 jobs in March, sending the country’s unemployment rate up 0.1 percentage points to 6.7%. In March, employment declined among men aged 55 and older by 21,000 positions, while there was little change for other demographic groups in Canada. Among sectors of the economy, employment fell the … Read more
Canada’s gross domestic product (GDP), a measure of the goods and services produced in the country, grew 0.4% in January, building on a 0.3% advance in December of last year. However, an advance reading of February GDP shows that there was no change during that month, suggesting that the Canadian economy might … Read more
Canada is in the midst of a federal election campaign that is expected to cost taxpayers $570 million between now and when voters go to the polls on April 28. The cost estimate comes from Elections Canada, which said that the current campaign is likely to be “slightly less” than the last … Read more
Former central banker Mark Carney was sworn in as Canada’s new prime minister on Friday, and will now try to steer his country through a trade war brought by U.S. President Donald Trump, annexation threats and an expected federal election. Carney, 59, replaces Prime Minister Justin Trudeau, who announced his resignation in January but remained … Read more
Mark Carney has officially taken office as Canada’s 24th prime minister. Carney takes office at a tense moment in Canada-US relations, with US President Donald Trump imposing heavy tariffs and threatening more economic measures. The former Bank of Canada and Bank of England governor was sworn in on Friday, just days after the Liberal Party … Read more
Mark Carney, a former investment banker turned central bank governor, has become Canada’s new prime minister, succeeding outgoing leader Justin Trudeau. Carney, age 59, won a leadership vote within Canada’s governing Liberal Party, receiving 86% of the 152,000 votes that were cast. He now takes over as Liberal Party leader and prime … Read more
Two friends from Alberta, both with strong careers overseas and similar backgrounds, are vying to replace Justin Trudeau as leader of the Liberal Party and of Canada just as the country faces a generational crisis because of the Trump administration’s tariffs and sovereignty threats. Some 400,000 Liberal Party members were eligible to cast ballots in … Read more