'He's in our hearts': Family and friends still seek answers one year after Nathan Wise’s disappearance
It’s been a year since Nathan Wise went missing and his family is no closer to finding out what happened to him.
Motorists may want to wait until Sunday to fill up their tanks, as one analyst expects gas prices to fall 10 to 11 cents in most of Canada.
Gas analyst Dan McTeague, who is the president of Canadians for Affordable Energy, says prices at the pump will drop 11 cents per litre on Sunday in Ontario and Quebec. In Manitoba, Saskatchewan, Alberta and B.C., gas prices will fall 10 cents, he says.
"That's almost historical for a one-day drop. I don't think I've seen that since 2009," McTeague told CTVNews.ca over the phone on Friday evening.
Canadians have been reeling from record-breaking prices at the pumps. Since early October, the average price of gas in Canada has hovered between $1.47 and $1.50 per litre, according to data from Natural Resources Canada.
"We haven't seen prices this low in three months. And I think it's very welcome for now, for most people," McTeague said.
No price increases are expected in the Atlantic provinces, given that prices are regulated by the provincial governments in the region.
McTeague's forecast comes as the global price of oil tumbled 13 per cent to below US$70 a barrel, after fears surrounding the newly discovered omicron variant of COVID-19 prompted a mass oil selloff.
"It was an overreaction. We've been through this before. The selloff, I think, went beyond what would normally be considered in measured response," McTeague said. "The fundamentals remain now, and for the future, until someone can demonstrate the economies are literally shutting down because of this particular variant."
The U.S., China and other countries had announced plans to release their strategic oil reserves amid the high price of oil at the time earlier this week. However, McTeague says the recent drop in prices had nothing to do with this move.
"This drop was completely COVID related," he said.
The best time to fill up will be between Sunday and Tuesday, McTeague said. Gas prices could come back up, as Organization of the Petroleum Exporting Countries could delay its plans to increase oil production.
McTeague also said that many of the "more serious and experienced" energy market traders had been away this week due to U.S. Thanksgiving, and that the market could correct its "overreaction" once these traders return to work next week.
"I think cooler heads will prevail come Monday, which will mean possible price increases by Wednesday," McTeague said.
It’s been a year since Nathan Wise went missing and his family is no closer to finding out what happened to him.
Dozens of Ontarians are expressing frustration in the province’s health-care system after their family doctors either dropped them as patients or threatened to after they sought urgent care elsewhere.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
Amazon's paid subscription service provides free delivery for online shopping across Canada except for remote locations, the company said in an email. While customers in Iqaluit qualify for the offer, all other communities in Nunavut are excluded.
The fire burning near Fort McMurray grew from 25 hectares to 5,500 hectares over the weekend.
Russia’s President Vladimir Putin began a Cabinet shakeup on Sunday, proposing the replacement of Sergei Shoigu as defence minister as he begins his fifth term in office.
Police are searching for a male suspect after a man was “slashed in neck” on Sunday morning in downtown Toronto and died.
There were some scary moments for several people on a northern Ontario highway caught on video Thursday after a chain reaction following a truck fire.
Health Canada announced various product recalls this week, including electric adapters, armchairs, cannabis edibles and vehicle components.
English, history, entertainment, math and geography: high school trivia teams could be quizzed on any of it when they compete at the Reach for the Top Nationals in Ottawa in June.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
A Listowel, Ont. man, drafted by the Hamilton Tigercats last week, is also getting looks from the NFL, despite only playing 27 games of football in his life.
The threat of zebra mussels has prompted the federal government to temporarily ban watercraft from a Manitoba lake popular with tourists.
A small Ajax dessert shop that recently received a glowing review from celebrity food critic Keith Lee is being forced to move after a zoning complaint was made following the social media influencer’s visit last month.
The Canada Science and Technology Museum is inviting visitors to explore their poop. A new exhibition opens at the Ottawa museum on Friday called, 'Oh Crap! Rethinking human waste.'
The Regina Police Service says it is the first in Saskatchewan and possibly Canada to implement new technology in its detention facility that will offer real-time monitoring of detainees’ vital health metrics.
Just as she had feared, a restaurant owner from eastern Quebec who visited Montreal had her SUV stolen, but says it was all thanks to the kindness of strangers on the internet — not the police — that she got it back.