Oil is fresh off its biggest quarterly advance since early 2022, a rally supported by production cuts in both Saudi Arabia and Russia and record demand. Tightening crude supplies have pushed up the premium that traders are paying for West Texas Intermediate deliveries a month earlier, with every pair of futures contracts through the next six months above $1 a barrel.
The Canadian economy rebounded slightly last month but still saw little growth, backing a case for the central bank to keep rates on hold despite inflation remaining elevated.More landlords converting units into short-term rentals Some Ontario landlords are looking to change their long-term rental units into short-term leases where they stand to make more profit and face fewer challenges with the province’s backlogged tribunal, according to two landlords with groups representing rental operators.