COVID-19 lockdowns have taken a major swipe at the dominance of oil…as the worth of a barrel of U.S. oil tumbled to less than nothing. That's the first time in history that the price has turned negative. So, what does that mean exactly - and how did it happen?
To explain it all, we talk to CBC News national business correspondent, Peter Armstrong.
Yesterday
Brazil rides the 'Donroe Doctrine's' orange wave
Right now former Brazilian President Jair Bolsonaro is on house arrest, after being sentenced to 27 years in prison. On Sunday his son Flavio won the first round of that country's presidential elections, his wife, and two more of his children were voted into office. A runoff elec ... Show More
32m 24s
Oct 7
Quebec separatism in the 'elbows up' era
With the election of the Parti Québécois in Quebec Monday night, it's the first time in twelve years that Canada will have a separatist government in power. Over the course of the campaign, the party's leader, Paul St-Pierre Plamondon, made clear some of the fights he could take ... Show More
28m 24s
Oct 2023
Oil Prices Plunge, The Ozempic Effect, Disney’s Dismal Run 10/5/23
<p>Carl Quintanilla, Jim Cramer and David Faber began the hour by breaking down the drop in oil prices. WTI crude came off its worst day of 2023, and touched its lowest price since August. The anchors then shifted to weight loss drugs, with the Walmart U.S. CEO saying he’s seeing ... Show More
43m 8s