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Good morning. In focus this week: Canada gets a price check as the oil shock spreads; world leaders meet over Iran as Donald Trump put a planned attack on the country on hold; and Canadian EV sales are picking up as Honda pulls up stakes.
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Globe investigation: A businessman appointed to the board of Invest Alberta by Premier Danielle Smith has said he is a certified accountant for more than a decade despite not having those credentials.
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Iran: Government bonds remained under pressure on fears that the impasse over the opening of the Strait of Hormuz will keep boosting energy costs, stoking inflation.
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Artificial intelligence: Shares of Canada’s leading engineering companies are sinking despite solid financial results over fears that AI will eat into corporate profits.
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A gas station in Ottawa last month. Gas prices in Canada have risen by roughly 20 to 25 cents per litre since the beginning of April. Keito Newman/The Globe and Mail
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Talking inflation with Globe economics reporter Mark |
