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Prices elsewhere in Canada should catch up soon to Ontario’s 12-cent drop: analyst

Gasoline prices dropped about 12 cents a litre overnight in Ontario and are down across much of Canada after a big dip in the price of crude oil this week that analysts say could be linked to recession fears.

Prices elsewhere in Canada should catch up soon to Ontario’s 12-cent drop: analyst

Investment bank Citigroup is predicting oil prices to tumble into the sixties by the end of the year in case the world slips into a recession.

If U.S. President Joe Biden is successful in his bid to pause gas taxes in the U.S., Canada will be the only G7 country not to bring in a tax cut or a subsidy to help people at the pump. But some experts say a gas tax holiday is not the answer.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

After long being deeply discounted for years because of a lack of pipelines, Canadian heavy crude is finally trading like a “North American” grade, moving in…

The Strategic Petroleum Reserve release in the United States—a large one designed to release a million barrels per day from storage into the commercial markets—is creating a bit of a problem for the Canadian oil industry

Pain at the gas pumps in Canada is usually offset by a surge in spending and hiring by oil companies. The recent surge in oil prices is still a net benefit to Canada's economy, but not nearly to the extent that we have come to expect.

In today's Morning Brief, the recent surge in oil prices is still a net benefit to Canada's economy, but not nearly to the extent that we have come to expect.