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.
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A Markham-based startup is betting on the future of electric vehicles with the launch of its first public fast-charging station and plans to build a network of 1,000 charging stations across Canada and the United States within five years.
Economists at Royal Bank pin much of the blame on higher gas prices, noting that the average price of gasoline accelerated another eight per cent in April after a 21 per cent surge in March.
High diesel prices continue to ripple through the economy and put pressure on consumers even as a shaky ceasefire in the Middle East offers a hint of relief to global commodities.
