Global stocks fell on Friday after U.S. President Donald Trump intensified his tariff war against Canada, leaving Europe squarely in the firing line, sparking a modest investor push into safe havens such as gold. The Canadian dollar fell after Trump issued a letter late on Thursday that said a 35% tariff rate on all imports from Canada would apply from August 1. The European Union was set to receive a letter by Friday. The U.S. president, whose global wave of tariffs has upended businesses [Read more]
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Canada back in tariff crosshairs
What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Although markets are trying to shrug off the week's U.S. tariff threats as yet another negotiation tactic, there's growing unease at the daily barrage, the latest being a 35% tariff on Canadian goods and higher levies on other countries. It's Friday, so today I'll provide a quick overview of what's happening in global markets and then offer you some weekend reading suggestions away from the [Read more]
Oil climbs on potential Russia sanctions; OPEC+ output, tariffs weigh
Oil prices rose on Friday after U.S. President Donald Trump said he would make an announcement regarding Russia, raising the prospect of more sanctions on the major oil producer, while tariff concern and rising OPEC+ output capped gains. Brent crude futures were up 19 cents, or 0.28%, at $68.83 a barrel as of 0408 GMT. U.S. West Texas Intermediate crude ticked up 24 cents, or 0.36%, to $66.81 a barrel. So far this week, Brent has added 0.8% and WTI has dipped 0.2%. Both contracts lost [Read more]
July 9th Alberta Crown Land Sale totals $25.3 MM – Montney and Clearwater prospects command premiums – StackDX Intel
The Alberta Government brought in $25.3 MM on its July 9th Crown land sale. In total, 32,416 hectares were sold at an average price of $780.18/ha. Click here to see the full land sale results on StackDX Intel. What exactly is StackDX Intel? See for yourself here with our new website, featuring client testimonials and case studies. There were 2 areas of particular interest that drove the majority of the bonus in this land sale. The first area was west of Grande Prairie (Figure 1). [Read more]
Discount on Western Canada Select narrows to $10 a barrel
The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures narrowed on Thursday to its tightest discount this month. WCS for August delivery in Hardisty, Alberta, settled at $10 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $10.15 a barrel on Wednesday. * Thursday's WCS settlement was the tightest discount so far this July, but the differential between Canadian heavy crude and the U.S. benchmark remains wider [Read more]
Vermilion Energy Inc. Announces Closing of the Saskatchewan Asset Sale
CALGARY, AB, July 10, 2025 /CNW/ - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) is pleased to confirm the closing of the previously announced sale of Saskatchewan assets for gross proceeds of $415 million. The assets are comprised of approximately 10,500 boe/d (86% oil and liquids) of non-core light oil production in Saskatchewan and Manitoba. This transaction marks another significant step in Vermilion's strategic plan to high-grade the asset portfolio that began [Read more]
Brazilian oil could find new destinations in the face of Trump’s tariffs
Brazil has logistical and commercial flexibility to preserve the competitiveness of its oil on the international market if the 50% tariff announced by U.S. President Donald Trump on Wednesday comes into effect on August 1, experts told Reuters. Oil is the main product on Brazil's export list to the U.S. and until now was exempt from the 10% tariff applied this year to Brazilian exports, but it is unclear whether that will remain the case with the new 50% tariffs. "These tariffs may [Read more]
Gibson Energy Confirms 2025 Second Quarter Earnings Release Date and Provides Conference Call & Webcast Details
CALGARY, Alberta, July 10, 2025 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (TSX:GEI) (“Gibson” or the “Company”) announced today that it expects to release its 2025 second quarter financial and operating results on Monday, July 28, 2025, after the close of North American markets. The 2025 second quarter management's discussion and analysis and unaudited consolidated financial statements will be available on the Company's website at www.gibsonenergy.com and on SEDAR+ at www.sedarplus.ca. Earnings [Read more]
LNG Canada’s start-up yet to lift gas prices amid supply glut
Last month's start-up of LNG Canada, the country's first large-scale liquefied natural gas export facility, has failed to lift Western Canadian natural gas prices as quickly as some market participants and observers expected, due to a persistent supply glut and the gradual pace of the facility's ramp-up. Shell-led LNG Canada shipped its first cargo of 70,000 metric tons from the country's Pacific coast on June 30, to South Korea. The export facility, located in northern British Columbia, is [Read more]
Ovintiv to Host its Second Quarter 2025 Results Conference Call and Webcast on July 25, 2025
DENVER, July 10, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its second quarter 2025 results conference call at 8:00 a.m. MT, on Friday July 25, 2025. The Company plans to release its financial and operating results after market close, Thursday July 24, 2025. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the conference call without operator [Read more]
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