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Tag: Canadian Energy Prices

Canada

Canadians Will Spend Another 1% of Income To Cover Gas At These Prices: BMO

March 7, 2022

The global energy shock is driving costs higher everywhere, and Canadians can feel it at the pump. BMO Capital Markets took a stab at estimating the consumer impact from rising prices. Their research shows gas was ~$1.80/liter on Monday, up from $1.60/liter last week. That’s on top of the increase from last year, sending costs […]

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Canada

Canada’s Economy Has Never Been More Dependent On Energy As Oil Climbs: BMO

February 8, 2022

Canada is shying away from its image as a petro-state, but its economy is moving in the other direction. BMO Capital Markets’ latest research note looks at Canada’s merchandise trade balance for 2021. Canada produced its first surplus since 2014, way back when oil was above $100 barrel. That’s not a coincidence, with energy prices […]

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