HALIFAX - Nova Scotia Premier Tim Houston says some opponents of fracking are drowning out voices who want to have a conversation and learn more about new fossil fuel production. Houston posted the comments on social media, along with a short video of a consultation session in Windsor, N.S., hosted by Dalhousie University on Monday evening. The provincial government kicked off the consultations more than a year after lifting a ban on fracking that was in place for over a decade. Houston [Read more]

CALGARY - A new report from Enverus says Western Canadian oil production can grow by about one million barrels a day over the next seven years. The research firm says the growth will be mostly driven by expansions to existing steam-driven oilsands projects. The report notes it can take years to plan and build such a project, so producers have a limited ability to take advantage of the surge in global crude oil projects driven by the war in the Middle East. West Texas Intermediate crude [Read more]

EDMONTON - Alberta Premier Danielle Smith has signed a joint statement with South Korea to waive a three per cent tariff on crude exports from the oil-rich province. The Alberta government says the agreement will open up more market access for energy producers shipping bitumen from Canada. It says Alberta exported almost $400 million in crude oil to South Korea last year, but with tariffs removed, that number could grow to between $400 million and $1 billion annually. Smith has stated [Read more]

MONTREAL - Statistics Canada says airfares rose year-over-year for the first time in nearly two years in March amid sky-high jet fuel prices. Agency data shows that plane ticket prices rose 2.9 per cent last month compared with March 2025. National Bank analyst Cameron Doerksen notes that the last time the consumer price index notched a year-over-year increase for air travel was June 2024. Doerksen says ballooning jet fuel prices is driving the recent fare surge, with airlines passing [Read more]

TORONTO - Shares of Superior Plus Corp. were up more than 10 per cent in early trading after it announced it has recently been awarded multiple contracts, including an agreement to support a hyperscale data centre project. The company says its Certarus Ltd. subsidiary will provide natural gas to support about 135 megawatts of power generation once the facility is online. It says the project is under development and is expected to start operations in mid-2027. Certarus expects total [Read more]

OTTAWA - The annual rate of inflation accelerated to 2.4 per cent in March as the war in Iran sent fuel costs soaring, Statistics Canada said Monday. That’s a jump of more than half a percentage point from the headline inflation rate of 1.8 per cent in February, though economists had widely expected the March figures to come in a tick higher. Iran’s move to close of the Strait of Hormuz in response to U.S. and Israeli attacks and ongoing uncertainty over ceasefire talks has sent global [Read more]

CALGARY - 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. Werner Antweiler, an associate professor at the Sauder School of Business, says it's not as easy as flipping a switch and it will take time for the backlog of oil shipments to work itself out — and that's if hostilities don't resume. Antweiler says Insurers also still have to sign off [Read more]