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
How the Canada-U.S. trade deal fell apart
On Friday, Canada's trade talks with the U.S. fell apart less than an hour before the deadline for new tariffs hit. While there had been positive signs earlier in the week, Prime Minister Mark Carney says the U.S. proposed new terms in recent days that were "uneconomic, unfair" a ... Show More
35m 34s
Aug 21
Carney's big challenge as Canada-U.S. trade deal nears
On Thursday, Canadian trade representatives were in Washington for more talks amid a tentative trade deal with the U.S. Coming out of the meeting, Canada-U.S. Trade Minister Dominic LeBlanc said that they were "very close" to reaching an agreement.Today, CBC senior parliamentary ... Show More
29m 11s
Aug 20
Trade war update // What happened to 'woke' politics?
In 2020, the politics of racial justice appeared to be everywhere: the killing of George Floyd sparked one of the largest protest movements in American history, and progressive ideas about policing, prisons, racism and inequality moved into the political mainstream.But many of th ... Show More
38m 45s
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