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The war in the Middle East has disrupted oil shipments through the Strait of Hormuz, pushing gasoline prices higher worldwide. In Canada, prices have surged even though the country does not import oil that travels through the strait. The reason is that oil is traded on a global market, meaning prices rise and fall everywhere at the same time.

The war in Iran is pushing up gas prices, adding pressure on Quebec drivers. However, prices at the pump have been volatile聽rising, falling, and then climbing again.

One factor behind this uneven pattern is gasoline inventories held by energy companies, explained Saibal Ray in an interview with聽Le Devoir. These reserves can temporarily absorb spikes in oil prices.

On November 1, 2025, the United States implemented a 25% tariff on foreign imports of medium and heavy-duty trucks and truck parts鈥攁 move that poses significant challenges for Canadian manufacturers.

Canada鈥檚 truck building industry is smaller than the auto sector, but the tariffs will nevertheless have an effect on truck makers across the country.

Tariffs drive up prices for businesses, but some companies are finding a creative loophole to avoid some US tariffs. When a company imports a tariffed good, it pays a tariff. But it doesn鈥檛 pay a tariff if the goods are only passing through on the way to a final destination. This creates an incentive for US companies to store inventory in Canada. They can park products here until they sell them, and only pay tariffs on goods that are actually bound for the US market.

Two researchers at Desautels were among the academics recognized by 91黑料网 with prestigious internal awards for their outstanding scholarship and research excellence. Associate Professor Anna Kim聽was among the eleven associate and assistant professors honoured with a William Dawson Scholar award, which recognized the demonstrated potential to become a global leader in their field.

Tariffs impose costs on businesses who import goods, and when businessese pass those costs along to consumers, prices go up. This phenomenon is colloquially known as tarifflation, and in this tariff-happy economic moment, we are already seeing its effects. Acer鈥攁 Taiwanese electronics company鈥攔ecently raised its prices, and attributed the price increases to tariffs.

Imposing a 25% tariff on steel and aluminum could disrupt supply chains and drive up prices for everything from auto parts to canned goods. But for some towns in Quebec, the impact could be even more disruptive. The aluminum sector employs more than 40,000 people in Quebec, and the economies of some small towns are almost entirely reliant on aluminum production. And the sweeping nature of the steel and aluminum tariffs imposed by the Trump administration will make it difficult to find new buyers for Quebec aluminum.