Canada announces they will be banning Huawei from 5G networks
The Canadian government has announced that it will be banning Huawei Technologies, a Chinese vendor, from Canada’s planned 5G network.
canada
Correlation between oil prices and Canadian dollar breaks as Canada loses hedge against economic downturn
The historical correlation between the Canadian dollar and oil prices is no more.
gas
Russian oil production falls by nearly 9% in April, amid tensions in Ukraine and western sanctions
An OPEC+ report shows that Russian crude output fell by nearly 9% in April 2022 from the previous month.
gas prices
Every single day last week the U.S. experienced record-breaking gas prices
Last week, between May 9th and May 15th, the United States a new record-breaking gas price high for the national average per gallon gas price.
JOE BIDEN
Maker of store-brand baby formula says shortages are expected throughout the rest of 2022
In an interview with Reuters, Perrigo Company PLC CEO Murray Kessler said he expects shortages and increased demand for the product to last for the “balance of the year,”.
Economy
Inflation shows no sign of ease as CPI increases 8.3% in April
The prevalent inflation in the United States shows no real sign of ease as the Consumer Price Index grew 8.3% year-over-year in April.
gas prices
Price of gas and diesel at the pump highest in U.S. history
The average price per gallon of gas is the highest it has ever been in the United States.
gas prices
Only five states have average gas prices under $4 per gallon, as the U.S. sees record-breaking pump prices
As of May 11, 2022, only five states in the entire United States have an average gallon of gas under $4 USD.
elon musk
Jack Dorsey says he agrees with Musk on reversing Trump’s permanent Twitter ban
On May 10, Elon Musk told the Financial Times that he believes Donald Trump’s Twitter ban “was morally wrong and flat out stupid,”.
canada
Despite housing shortage, City of Montreal to require all new buildings to be “zero emission” by 2025
The new measures were announced at Montreal’s Climate Summit.
