Rising petrol prices drive down profits at the pump: FP Video investigates


gas pump
When gas prices are high, it’s tougher for gas stations to make a profit. (Credit: Azin Ghaffari/Postmedia)

This week FP Video looks at what it takes to keep the pumps flowing at a local gas station in Alberta during a global energy crisis, whether the fortunes of Canada’s pipeline industry are at a turning point and why American citizens are flocking to Canadian real estate websites. Plus an economist fills us in on a possible labour crunch on the horizon as retirement numbers soar.

Running a gas station during an energy crisis

It might sound surprising, but this is not a good time for gas stations. When prices are high, it’s tougher to make a profit. So, how are they managing? Watch as FP Videos take you behind the counter at Gas King, a local station in Lethbridge, Alta., where fuel prices shape what people spend and how often they shop. Find out how this independent outfit keeps on truckin’.

Canada’s pipeline industry at a turning point?

Canada’s pipeline industry may be entering a new phase after years of delays and cancellations. South Bow’s proposed Prairie Connector line to the U.S., upgrades to Enbridge’s Mainline and possible Trans Mountain upgrades could add room for rising oil production. But industry insiders say timing will determine whether Canada avoids another pipeline crunch.

Americans’ interest in Canadian real estate is spiking

Phil Soper, president and chief executive at Royal LePage, talks to Financial Post’s Larysa Harapyn about why more Americans are scanning Canadian real estate sites during Donald Trump’s second term and how the real estate market is shaping up going into the summer.

Labour crunch looms for Canada

Nathan Janzen, assistant chief economist for Royal Bank of Canada, talks about the headwinds to come for the labour market as record numbers of Canadians retire.



Source link

  • Related Posts

    Asia-to-US Container Rates Spike 109% Since Iran War Started

    (Bloomberg) — Container shipping rates jumped over the past week amid higher fuel costs, congestion at some Asian ports and a pickup in demand heading into a peak season for…

    Pope Leo praises Spain’s commitment to peace and respect for law after Trump rift

    MADRID — Pope Leo may not find it hard to connect with his hosts as he kicks off a weeklong visit to Spain this weekend. Subscribe to read this story…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Baseus Bowie MC2 Clip-On Earbuds Review: For $60, I’m Impressed

    Baseus Bowie MC2 Clip-On Earbuds Review: For $60, I’m Impressed

    Simple Flying Podcast Episode 294: Newark Liberty Leads On-Time Flights, Qantas’ 1st Airbus A350-1000ULR Takes Flight

    Simple Flying Podcast Episode 294: Newark Liberty Leads On-Time Flights, Qantas’ 1st Airbus A350-1000ULR Takes Flight

    Asia-to-US Container Rates Spike 109% Since Iran War Started

    Stéphane Dion says Canada needs more diplomats to build ties with Europe – National

    Stéphane Dion says Canada needs more diplomats to build ties with Europe – National

    Paxton’s Senate Bid Raises the Stakes in His War on Latino Voting Groups

    Paxton’s Senate Bid Raises the Stakes in His War on Latino Voting Groups

    Pope Leo praises Spain’s commitment to peace and respect for law after Trump rift

    Pope Leo praises Spain’s commitment to peace and respect for law after Trump rift