Post Tagged with: "economics"

Oil Prices Could Crash by $30 if China Buys Iranian Crude: BofA

Oil Prices Could Crash by $30 if China Buys Iranian Crude: BofA

From CNBC


Crude oil prices could sink by as much as $30 a barrel if China decides to buy Iranian crude oil in retaliation to the latest U.S. tariff measures, according to Bank of America Merrill Lynch.

“While we retain …

Oil Gains About 3%; Records Loss for Week After Trump Tariff Threat

Oil Gains About 3%; Records Loss for Week After Trump Tariff Threat

From Reuters


Oil prices gained about 3% on Friday a day after recording their biggest daily drop in several years on U.S. President Donald Trump’s vow to impose more tariffs on Chinese imports.

For the week, crude oil benchmarks recorded …

Oil Slumps 7% as Trump Announces Additional Tariffs on Chinese Imports

Oil Slumps 7% as Trump Announces Additional Tariffs on Chinese Imports

From Reuters


Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept. 1.

The drop …

White House Trade Adviser Navarro, Senator Grassley Believe Mexico Tariffs Unlikely to Happen

White House Trade Adviser Navarro, Senator Grassley Believe Mexico Tariffs Unlikely to Happen

From Reuters


WASHINGTON (Reuters) – A White House trade adviser and a leading Republican senator said on Wednesday that a U.S. plan to impose tariffs on Mexican goods might not go into effect, offering hope for Mexico and American businesses …

Source: Society for Human Resource Management

Canada’s Hipster Economics in the Hot Seat

Canada’s 30% minimum wage hike, rocketing electricity costs and the U.S. tax cuts to corporations have undercut the former advantage of locating manufacturing plants in Canada

From Bloomberg/Toronto Star

The brass at Martinrea International Inc. ran the numbers, and they …

May 30, 2018 - 11:41 am Canada, Closing Bell Story‎, Energy News
Scotiabank Report:  Oil Near Term Could Hit $30

Scotiabank Report: Oil Near Term Could Hit $30

Bank Looks for Commodities Prices to Rebound on “Broad Front” by 2017, Examines 2015 OPEC/Saudi Actions

Scotiabank Economics released its annual commodities outlook today, saying near term WTI could be US$30, based on post-Dec. 4 OPEC oil trading below US$35 …