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In recent decades, the growing emphasis on climate change and environmental stewardship has led to a marked rise in 'green' marketing. Since the enactment of Bill C-59 last year, however, many businesses have been cautious in making environmental claims, due to ongoing uncertainty regarding the enforcement approach toward the newly implemented greenwashing provisions of the Competition Act (Act).[1] Refresher: How did Bill C-59 change the Competition Act? Bill C-59 introduced significant [Read more]

Brent crude oil is up around 20% so far in June, and set for its biggest monthly jump since 2020 as Israel/Iran tensions flare-up. Although relatively contained, the rise has not gone unnoticed just three years after Russia's invasion of Ukraine triggered a surge in energy prices that ramped up global inflation and sparked aggressive interest rate hikes. Here's a look at what rising oil means for world markets. 1/ HOW HIGH? Oil prices have crept rather than surged higher with [Read more]

Brent crude prices pared gains from the previous session and fell nearly $2 on Friday after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict, but they were still poised for a third straight week in the black. Brent crude futures fell $1.89, or 2.4%, to $76.96 a barrel by 0255 GMT. On a weekly basis, it was up 3.8%. The U.S. West Texas Intermediate crude for July - which did not settle on Thursday as it was a U.S. holiday and expires on Friday - was up 53 [Read more]

Oil prices were on track to rise for the third straight week despite slipping on Friday, with investors on edge as the week-old war between Israel and Iran showed no signs of either side backing down. Brent crude futures fell $1.57 cents, or 2%, to $77.28 a barrel by 0030 GMT. On a weekly basis, it was up 3.9%. The U.S. West Texas Intermediate crude for July - which did not settle on Thursday as it was a U.S. holiday and expires on Friday - was up 86 cents, or 1.1%, to $76. The more liquid [Read more]

JP Morgan believes that a Strait of Hormuz closure would likely trigger a sustained oil price shock that will reverberate through global macro developments, the bank said in a note. It said that in the most extreme case of a broader regional conflagration that includes the closure of Hormuz, it estimates oil prices could surge to $120-130 per barrel. (Reporting by Anjana Anil in Bengaluru, editing by Deepa Babington) [Read more]