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Yahoo
3 minutes ago
- Yahoo
Gas prices: Slipping oil prices fuel summer savings at Canadian pumps
Canada's gas price average fell 2.7 cents per litre over the past week, according to data from Kalibrate. The move lower is largely thanks to falling crude prices in response to fears of an oversupplied market. The biggest discount this week was in Calgary, where the price of a litre of regular gasoline dropped 10.6 cents between August 7 and August 15. At this time last year, Canada's gas price average was $1.678 per litre, compared to $1.452 as of Thursday. "As it stands today, there is a glut of crude oil on the market that is keeping prices down," En-Pro International chief petroleum analyst Roger McKnight wrote in a blog post on Thursday. Earlier this week, a report from the International Energy Agency found global supply could outpace demand by a record 2.96 million barrels per day in 2026, surpassing the buildup during the pandemic lockdown in 2020. At the same time, data from the U.S. Energy Information Administration released on Wednesday showed American stockpiles are at the highest level in two months. Benchmark oil prices drifted lower on Friday as investors await news from U.S. President Donald Trump's summit in Alaska with Russia's Vladimir Putin. Progress towards a deal to end Russia's war in Ukraine would help de-risk the global oil market and support prices. Trump recently increased U.S. tariffs on Indian goods in response to the country's purchases of Russian oil. So far, he has avoided targeting China over its Russian oil purchases. Follow Yahoo Finance Canada for more weekly gas price updates. Scroll below to find your nearest city. (All figures in CAD cents) Location August 7 August 14 Price Change Canada Average (V) 145.2 142.5 -2.7 WHITEHORSE 161.9 161.9 0 VANCOUVER* 171.1 168 -3.1 VICTORIA 166.3 171.9 5.6 PRINCE GEORGE 145.6 145.6 0 KAMLOOPS 152.3 150 -2.3 KELOWNA 149 146.3 -2.7 FORT ST. JOHN 149.2 143.4 -5.8 ABBOTSFORD 160.9 157.8 -3.1 YELLOWKNIFE 144.7 146.2 1.5 CALGARY* 137.9 127.3 -10.6 RED DEER 131.8 126.7 -5.1 EDMONTON 133.3 127.9 -5.4 LETHBRIDGE 131 130.7 -0.3 LLOYDMINSTER 130 128.9 -1.1 GRANDE PRAIRIE 131.7 129.1 -2.6 REGINA* 138.4 137.3 -1.1 SASKATOON 129.9 126.9 -3 PRINCE ALBERT 136.2 130.2 -6 MOOSE JAW 137.8 139.9 2.1 WINNIPEG * 137 135.2 -1.8 BRANDON 127.6 126.9 -0.7 CITY OF TORONTO* 135 134.5 -0.5 BRAMPTON 134.5 134.2 -0.3 ETOBICOKE 133.7 133.8 0.1 MISSISSAUGA 132.4 133.1 0.7 NORTH YORK 135.1 134.7 -0.4 SCARBOROUGH 134.1 133.9 -0.2 VAUGHAN/MARKHAM 134.1 134.5 0.4 OTTAWA 134.8 133.3 -1.5 KINGSTON 125.3 125.2 -0.1 PETERBOROUGH 126.9 121.2 -5.7 WINDSOR 131.8 132.3 0.5 LONDON 133.6 134.6 1 SUDBURY 134.2 128.6 -5.6 SAULT STE MARIE 127.6 127.6 0 THUNDER BAY 139.4 133.8 -5.6 NORTH BAY 138.3 133.1 -5.2 TIMMINS 138.6 138.1 -0.5 HAMILTON 131.3 132 0.7 ST. CATHARINES 131.4 130.8 -0.6 BARRIE 135.5 133.6 -1.9 BRANTFORD 134.1 131.4 -2.7 GUELPH 134.8 133.1 -1.7 KITCHENER 132.2 133.3 1.1 OSHAWA 130.3 133.4 3.1 SARNIA 131.2 126.9 -4.3 MONTRÉAL* 158.1 155.5 -2.6 QUÉBEC 151.6 152.8 1.2 SHERBROOKE 149.5 151.3 1.8 GASPÉ 157.7 157.7 0 CHICOUTIMI 140.4 138.6 -1.8 RIMOUSKI 151.4 150.1 -1.3 TROIS RIVIÈRES 154.4 154.3 -0.1 DRUMMONDVILLE 147.8 145.2 -2.6 VAL D'OR 156.7 156.6 -0.1 GATINEAU 142.9 139.1 -3.8 SAINT JOHN* 143 143.6 0.6 FREDERICTON 143.5 144.1 0.6 MONCTON 143.2 143.6 0.4 BATHURST 143.4 143.8 0.4 EDMUNDSTON 142.6 143 0.4 MIRAMICHI 144.9 145.8 0.9 CAMPBELLTON 144.9 145.5 0.6 SUSSEX 143.5 143.7 0.2 WOODSTOCK 144.8 145.4 0.6 HALIFAX* 145.7 146.7 1 SYDNEY 147.6 148.6 1 YARMOUTH 146.7 147.7 1 TRURO 146.8 147.8 1 KENTVILLE 146.3 147.3 1 NEW GLASGOW 146.8 147.8 1 CHARLOTTETOWN* 151.3 150.2 -1.1 ST JOHNS* 151.6 152.2 0.6 GANDER 155.3 155.9 0.6 LABRADOR CITY 158.7 159.4 0.7 CORNER BROOK 152.6 153.3 0.7 GRAND FALLS 155.3 156 0.7 SOURCE: KALIBRATE • All figures in CAD cents (*) Denotes markets used in Volume Weighted Canada Average Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on X @jefflagerquist. Download the Yahoo Finance app, available for Apple and Android.
Yahoo
3 minutes ago
- Yahoo
Why would Trump and Intel want to work together: Opening Bid top takeaway
Investors are in wait-and-see mode. Fed watchers have had quite a week, getting a hot Producer Price Index, a tame Consumer Price Index, and solid retail sales data out today. As it stands, markets are still betting on that September rate cut from the Jerome Powell-led Federal Reserve. There have been a few earnings stumbles in CoreWeave (CRWV), Applied Materials (AMAT), and Cava (CAVA), but a few bright spots from the likes of Cisco (CSCO). The Bullish (BLSH) IPO saw an enthusiastic response. And now markets cast their gaze to the highly anticipated meeting today between President Trump and his Russian counterpart, Vladimir Putin. The outcome of this meeting could have a host of surprises that bullish investors haven't even thought about! Stock analysis: Intel The Trump administration is reportedly in talks to have the US government take a stake in Intel (INTC). An Intel spokesperson didn't comment directly on this to me, but offered this: "Intel is deeply committed to supporting President Trump's efforts to strengthen U.S. technology and manufacturing leadership. We look forward to continuing our work with the Trump Administration to advance these shared priorities, but we are not going to comment on rumors or speculation.' The questions here are numerous. Why would the administration even want a stake in an Intel that is far behind chief rivals Nvidia (NVDA) and Advanced Micro Devices (AMD)? I encourage Trump to compare Nvidia's earnings report on Aug. 27 to the last disaster from Intel a few weeks ago. The president isn't known to hitch his ride to losers. Intel has been a loser and may stay that way in the chip game for some time. Then again, why would Intel want to get in bed with the government when embattled CEO Lip-Bu Tan and the board must act quickly to reorganize the company? I find it hard to believe the government will be a quiet minority shareholder! Intel has billions in cash and doesn't need the money that comes with terms from any government deal. There is a lot at stake here, as Intel should be a beacon of US chip-making, not the punching bag in tech circles. The company's financials have taken a major hit, with sales down for more than three straight years and earnings evaporating in the process. "[A stake would] be a big step for Intel, but right now Intel is on a horse and buggy compared to the Godfather of AI Jensen [Huang] and Nvidia," Wedbush tech analyst Dan Ives told me. Roundtable analysis: More tech When a Wall Street analyst who has been a bear on a stock for a while suddenly issues an upgrade, it always catches my attention. Today, we have that situation on Salesforce (CRM). DA Davidson analyst Gil Luria lifted his rating on Salesforce to Neutral from Underperform. Luria said investor sentiment has declined sharply on Salesforce in recent months as questions mount around the company's acquisition strategy and near-term margins. But what may not be factored into the stock is new activist investor activity, Luria said. Luria pointed out that noted activist investor Starboard Value — led by Jeff Smith — increased its stake in Salesforce by 47% this quarter, according to new 13F filings. Starboard pushed for big changes at Salesforce three years ago, which ultimately led to a new focus on margin expansion by CEO and co-founder Marc Benioff. Luria said, "We believe this is a signal there will be another round of investor activism and increased pressure on management to refocus on growth of the core business, additional margin expansion and hold off on dilutive M&A." Meanwhile, Warren Buffett's Berkshire Hathaway sold 20 million shares of Apple (AAPL) during the period, according to a new 13F filing. Berkshire's Apple holdings remain its largest equity stake by market value, despite dropping by about $9.2 billion in the second quarter. Is Buffett signaling he is concerned about Apple's tariff exposure? Perhaps. After all, Apple did warn tariffs would hit its profits by $1.1 billion in the current quarter. Brian Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 minutes ago
- Yahoo
Over two-thirds of Vermonters disapprove of Trump, the most of any state: See recent polls
Out of all 50 states, President Donald Trump is the least popular in Vermont, a new poll reveals. According to an Aug. 12 update from Morning Consult, which gathers polls over the course of three months to get a look at state-level data among registered voters, Trump has the lowest approval rating in the country in Vermont. There, he has a net approval rating of -32, with 64% disapproving of his job performance. This aligns with polls taken earlier this year, too: a University of New Hampshire Survey Center poll conducted in June found Trump's net approval in Vermont at -41. Trump isn't popular in any of the New England states: the poll found Massachusetts was tied with Maryland for the second lowest net approval nationally with -26. Trump saw his highest approval in New England in Maine: -14. What is Trump's approval rating in New England? According to Morning Consult, this is Trump's net approval rating in each New England state: Connecticut: -19 Maine: -14 Massachusetts: -26 New Hampshire: -16 Rhode Island: -21 Vermont: -32 Where is Trump the most popular? Trump's approval rating is above water in 27 states, according to Morning Consult. The poll found him to be most popular in Wyoming, where 66% of voters approve of his job performance. What is Trump's approval rating overall? An average of recent polls from the New York Times shows that Trump's approval rating as of Aug. 14 is 44%, with 53% disapproving of his performance. This average has remained largely steady over the past month, but some individual polls have shown his support dropping to near-record lows as voters seem frustrated with Trump's August tariffs and his sweeping budget bill passed in early July. What is Trump's current presidential approval rating?Disapprove +22 (38% approve, 60% disapprove) Poll taken Aug. 4-10 3,505 registered votersDisapprove +12 (42% approve, 54% disapprove) Poll taken Aug. 9-11 1,635 adults Hart Research Associates/Public Opinion Strategies Disapprove +5 (46% approve, 51% disapprove) Poll taken July 29 – Aug. 3 1,000 adultsDisapprove +16 (40% approve, 56% disapprove) Poll taken July 25-27 1,023 adults1,400 registered voters Disapprove +1 (46% approve, 47% disapprove) Poll taken July 21-22 Contributing: Kinsey Crowley This article originally appeared on Burlington Free Press: Trump's approval rating is lowest in Vermont, poll says
