Monday, July 6th16.3°C
25936
26494

Wall Street's jitters over Iraq violence driving up pump prices in Canada

CALGARY - Conflict on the other side of the world is expected to drive up gasoline prices here in Canada.

Roger McKnight, an analyst with En-Pro International, says he sees pump prices rising by more than two cents per litre in the Toronto area in the next day.

He says the increase has nothing to do with supply and demand in North America.

Rather, he says the culprits are traders on Wall Street who are nervously eyeing how tensions in Iraq could affect global oil supplies.

Al-Qaida-inspired militants have captured two key cities in Iraq this week and are threatening to march on Baghdad.

McKnight says the traders are likely watching how close the militants get to key oil export infrastructure in the south.

The Canadian Press


Read more Business News

25354


Recent Trending




Today's Market
S&P TSX14682.39+44.40
S&P CDNX670.58-1.00
DJIA17730.11-27.80
Nasdaq5009.21-3.91
S&P 5002076.78-0.64
CDN Dollar0.7943+0.0009
Gold1167.80+4.80
Oil55.60-2.01
Lumber288.50+0.40
Natural Gas2.748-0.074

 
Okanagan Companies
Pacific Safety0.17+0.00
Knighthawk0.010.00
QHR Technologies Inc1.52-0.03
Cantex0.035-0.015
Anavex Life Sciences0.455+0.004
Metalex Ventures0.075+0.010
Russel Metals22.78-0.09
Copper Mountain Mining1.17+0.03
Colorado Resources0.09+0.03
ReliaBrand Inc0.006+0.000
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.165+0.005
Decisive Dividend Corporation3.00+0.50

 





FEATURED Property
22073284771 Rittich Road
5 bedrooms 3 baths
$879,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Active listening

Has this ever happened to you? You had an initial meeting with a prospect. You asked that prospect what seemed to be all the right questions. You had what felt to you like a good conversation, and bas...


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...


TFSA strategies

Photo: Thinkstock.comThe federal government has increased the annual contribution limit of Tax-Free Savings Accounts (TFSA) to $10,000. Going forward, the annual limit will no longer be indexed to inf...

_



26376

26928


Member of BC Press Council


26916