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To ban or not to ban: Biden grapples with calls to block Russian oil imports
The US says it is considering a ban on Russian energy. The announcement sent crude oil prices to a 14-year high on Monday morning.
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High gas prices could have ripple effect on Canadian economy
With gas prices hitting record highs, Canadians are being warned to brace themselves for higher costs on groceries, electronics and other consumer purchases.
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US bans Russian oil: What is next for oil and gas prices?
US President Joe Biden’s ban on Russian energy imports is latest move to punish Russia over its invasion of Ukraine.
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EU announces plan to slash Russian gas imports this year
The European Commission has announced a plan to reduce gas imports from Russia by two-thirds this year.
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What Biden's Ban on Russian Oil Imports Could Mean for Growing Energy Costs
As Russia intensifies its war on Ukraine, President Biden announced a ban on oil imported from the aggressor nation. Critics of Russia have said this would be the best way to force Putin to pull back, but curbs on Russian oil exports are...
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US fuel prices: Cost of oil and gas up amid Russia sanctions
The economic impact of the sanctions against Russia is being felt at petrol pumps in the US.
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Bank of Canada hikes interest rate in attempt to curb inflation
The Bank of Canada is raising interest rates for the first time since 2018 to try to curb inflation, but the rate hike could add to the financial strain of people already struggling.
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Motorists react to record high pump prices
Gasoline has never been more expensive, and drivers filling up at a gas station in Toronto this week were more than happy to discuss it. (Photo Credit: Evan Mitsui/CBC)
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Record-breaking gas prices across Canada could keep climbing, experts warn
The cost of gas across Canada is rapidly rising, and with Russian oil supplies taken off the market, as well as OPEC nations failing to increase production, experts warn prices won't come down anytime soon.
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Automakers Face New Supply Chain Crisis Amid Ukraine War
The pandemic, chip shortages, and now war. Automakers around the world have been getting slammed, and it now seems like things could get worse. Several car manufacturers have announced they are halting sales or shutting down factories in...
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Sri Lanka: Food, fuel shortages lead to protests as economic crisis bites
Why Sri Lanka's economic problems have led to people protesting in the streets.
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U.S. officials weigh ban on Russian oil
The Biden administration is considering banning oil imports from Russia, a move that could trigger higher gas prices. White House officials have confirmed discussions are in the works with other oil producers, including Venezuela, Saudi...
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Ukraine war disrupts global grain market, wheat supply
Countries dependent on wheat and corn from Russia and Ukraine are preparing for a global disruption. They supply more than 25% of the world's wheat and there are increasing concerns that millions across the world will have to pay more...
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Russians feeling impact of Western sanctions, says reporter
Freelance reporter Stuart Smith in Moscow says the ruble tanked and a key interest rate spiked after Western sanctions kicked in.
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The increasing financial impact of long-term care
As baby boomers age, more Canadians are faced with the high cost of long-term care or serving as unpaid caregivers and it has led to calls for national plans to help reduce the financial burden.
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Many in US struggle to make ends meet amid inflation crisis
US President Joe Biden is expected to deliver his first State of the Union address on March 1.