Sustainability/Energy

Economists expect inflation edged higher in July as consumers were getting whiplash at the gasoline pumps.

Old Dutch Foods expands Atlantic Canada operations with a new zero-carbon, solar and geothermal facility in Summerside, PEI.

The Mississauga facility is the largest base oil producer in Canada, boasting a production capacity of approximately 15,600 barrels per day.

A new oil pipeline would lift Canada and Alberta's gross domestic product, but perhaps not to the degree governments are forecasting, says a new report from TD Economics.

Fuel costs are on the rise in Canada as geopolitical turmoil drives the price of crude oil to its highest level in more than a month.

Gas prices boosted sales at gasoline stations and fuel vendors, Statistics Canada said, stating sales at food and beverage retailers also saw a raise.

Falling gas prices in June are expected to pull the annual inflation rate back below 3% when Statistics Canada reports fresh price data on Monday.

Global oil prices receded after Iran and the United States agreed to a ceasefire in mid-June, but hostilities reignited between the nations last week, casting doubt over a lasting peace deal.