business
Oil hits $90 US per barrel for first time in 2 years
U.S. crude prices rise above $90 per barrel for the first time in more than two years. Source link
With a crucial oil artery blocked near Iran, can Canada fill the gap in global supply?
As the war in Iran disrupts oil and gas exports from the Gulf region, the Canadian energy sector could see a jump in demand — and federal officials are positioning Canada as a beacon of stability during an unpredictable moment. Source link
Oil prices spike to highest level since summer of 2024 amid war in Iran
Stocks on Wall Street sank on Thursday after the price of oil spiked to its highest level since the summer of 2024 due to the U.S.-Israeli war with Iran. Source link
Trump wants AI data centres to bring their own power. Alberta’s been doing that from the get-go
While the U.S. has developed far more AI infrastructure, Alberta also sees a major opportunity to capitalize on the AI boom, given its colder climate, vast real estate and deregulated electricity market. Source link
Wall Street, global markets slammed with sell-off as war with Iran broadens
A worldwide sell-off of stocks is slamming onto Wall Street on Tuesday, and oil prices are leaping even higher as worries rise that the war with Iran is widening and may do more sustained damage to the global economy than feared. Source link
Prediction market bets on Iran strikes spur allegations of insider trading
Bets placed on the ouster of Iran’s Supreme Leader Ayatollah Ali Khamenei drew scrutiny of prediction markets such as Polymarket and Kalshi on Monday, sparking calls from Democratic U.S. lawmakers to outlaw wagers on military actions that could enrich officials with inside knowledge. Source link
How the U.S.-Iran conflict is impacting gas prices in Canada
Gas prices inched up a few cents overnight in Canada as the North American oil market reacts to escalating tensions in the Middle East, where the U.S. and Israel launched a joint attack on Iran Saturday that threatens to destabilize the rest of the region. Source link
Oil jumps 10% on Iran conflict and could spike to $100 US a barrel, analysts say
Brent crude jumped 10 per cent to about $80 US a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 US after U.S. and Israeli strikes on Iran plunged the Middle East into a new war. Source link
Trumps directs all federal agencies to stop using AI company Anthropic's technology
Trump’s directive comes amid a feud between the Pentagon and top artificial intelligence lab Anthropic over concerns about how the military could use AI at war. Source link
AI company Anthropic amends core safety principle amid growing competition in sector
Anthropic, the AI company behind the Claude chatbot that was founded with a focus on safe technology, appears to be scaling back its safety commitments in order to keep the company competitive, after it amended a set of self-imposed guidelines aimed at preventing the development of AI that could potentially be dangerous. Source link