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.
Convenience stores and gas stations had some inflation relief thanks to the tax holiday, but the war in the Middle East could cause another price surge.