Trade Disruptions

Southgate Council throws its support behind LCBO Convenience Outlets as owners warn that unfair margins, rigid payment terms and a surge in bottle returns are forcing historic community hubs to go up for sale.

As the conflict in the Middle East drags on and the global oil supply dwindles, the price of gas continues to hover near historic highs, with no sign of dropping before the travel-heavy summer season kicks off in earnest — or even before it winds down.

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.

Experts discuss underutilized trade agreements and untapped opportunities at SIAL Canada.

Canada Packers said high oil prices have made customer deliveries more expensive while the cost of fuel used on farms has also gone up.

While slow supply chains inflate the cost of coffee, tea, and tropical fruit for Canadians, Northern retailers face even greater delays and expenses.

Iran says it has reopened the Strait of Hormuz to commercial traffic, but a University of British Columbia economist says it could be a while before any calm returns to rattled global oil markets.

Some convenience and fuel industries might find financial relief, as shippers look for flexibility — and a way to work around U.S. tariffs.