Ontario's liquor board has sweetened an already sweet deal for the federal government and foreign diplomats as it chops the prices they pay for beer, wine and booze almost in half.
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Much higher gasoline prices push Canada's inflation rate up to 1.2 per cent in February, a sharp rise from the previous month's level but still well within policymakers' acceptable range.
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Crude oil prices held to more than $109 per barrel overnight and gas prices jumped 3.5 cents following U.S. President Obama's remarks on rising gasoline prices.
"There are no quick fixes to this problem, and you know we can't just drill our way to lower gas prices," Obama said during an...
AP - President Barack Obama says there is no easy answer to the problem of rising energy prices, dismissing Republican plans to address the problem as little more than gimmicks.
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The Canadian average price for regular gasoline rose more than a 10th of a cent Tuesday as oil prices spiked 2.5 per cent and hit their highest levels in nine months.
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WASHINGTON – An index of home prices in big metro areas has reached its lowest level since 2002, driven down by foreclosures, a glut of unsold homes and the reluctance or inability of many to buy.
Prices fell from February to March in 18 of the metro areas tracked by the Standard &...
NEW YORK (CNNMoney) -- Your caffeine kick is getting more expensive by the day.
Starbucks said Wednesday that it's hiking prices of its packaged coffee by an average of 17% in its U.S. retail stores. The price increase goes into effect July 16, and will mark the first time Starbucks (SBUX...
Chevron Corp (CVX.N), the second-largest U.S. oil company, reported a 36 percent jump in quarterly earnings as oil prices surged and refining profits improved along with the global economy.
Oil companies have seen their earnings boosted by the jump in global oil prices above $100 per barrel in...
Consumer prices rose at their fastest pace in more than 1-1/2 years in February, driven by higher food and energy prices, but underlying inflation pressures remained generally contained.
The Labor Department said on Thursday its Consumer Price Index rose 0.5 percent, the largest gain since June...
The U.S. trade deficit widened much more than expected in January as higher oil prices and surging imports of capital goods and cars overpowered record exports in a signal of strengthening domestic demand.
The trade gap grew by 15.1 percent to $46.3 billion from $40.3 billion in December, the...
Oil prices climbed Tuesday as Iran clamped down on anti-government protesters and unrest in the Middle East threatened to keep energy prices high for months to come.
Benchmark West Texas Intermediate for April delivery gained $2.66 to settle at $99.63 per barrel on the New York Mercantile...
DETROIT – U.S. auto sales are expected to show a gain of about 20 percent from the still-depressed levels of a year earlier in February, but the recent rise in oil prices could slow or even derail the industry's recovery, analysts and industry executives say.
Major automakers are set to report...
-- In the face of an "uneven" economic recovery, members of the G20 meeting in Paris agreed Saturday that the international monetary system has proven "resilient, but vulnerabilities remain."
Delegates at the meeting of finance ministers and central bank governors cited in a communique issued...
The price of gas, diesel and furnace oil is up again on P.E.I., despite a recent drop in the price of a barrel of oil.
The Island Regulatory and Appeals commission authorized a one cent per litre increase for all three petroleum products in its mid-month price review.
The increase occurred...
http://cnn.com/video/?/video/business/2011/02/14/boulden.uk.price.we.pay.cnn
-- The number of chronically hungry people is approaching 1bn, the level last seen during the 2007-08 food crisis, in the clearest sign yet of the humanitarian impact of rising agricultural commodities prices in poor...
Skyrocketing food and housing prices have topped concerns for both urban and rural residents.
Can money buy happiness? Apparently, not for millions of Chinese, including those who have prospered economically during the past three decades.
To be sure, China has much to brag about. It is now the...
Oil and gas prices in Iran could rise starting Sunday, as the government initiates the latest phase of a subsidy regulation initiative aimed at bolstering the nation's struggling economy.
President Mahmoud Ahmadinejad told Iranian TV on Saturday evening that prices for some energy-related items...
Retail sales were stronger than expected in November as consumers stepped up despite the shadow of high unemployment, while producer prices rose, offering further evidence the economic recovery gathered steam in the fourth quarter.
The Commerce Department said on Tuesday total retail sales...
Calculation Variables Used in Function:
1 U.S. Gallon = 0.83267 Canadian (Imperial) Gallons
1 Canadian Gallon = 1.201 U.S. Gallons
1 U.S. Gallon = 3.785 Liters
1 Can Gallon = 4.546 Liters
$5.67 for premium a Gallon - (1.26 x 4.5)
$5.40 for mid grade a Gallon - (1.20 x 4.5)
$5.04 for regular a...