American millionaire Jonathan Lehrer denied bail after being charged with killing Canadian couple
American millionaire Jonathan Lehrer, one of two men charged in the killings of a Canadian couple in Dominica, has been denied bail.
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.
American millionaire Jonathan Lehrer, one of two men charged in the killings of a Canadian couple in Dominica, has been denied bail.
The judge presiding over the trial of a man accused of fatally running over a Toronto police officer is telling jurors the possible verdicts they may reach based on the evidence in the case.
Nearly half of China's major cities are suffering 'moderate to severe' levels of subsidence, putting millions at risk of flooding especially as sea levels rise.
Cabinet minister Dominic LeBlanc says he plans to run in the next election as a candidate under Prime Minister Justin Trudeau's leadership, amid questions about his rumoured interest in succeeding his longtime friend for the top job.
A male columnist has apologized for a cringeworthy moment during former University of Iowa superstar and college basketball's highest scorer Caitlin Clark's first news conference as an Indiana Fever player.
Health Canada will change its longstanding policy restricting gay and bisexual men from donating to sperm banks in Canada, CTV News has learned. The federal health agency has adopted a revised directive removing the ban on gay, bisexual and other men who have sex with men, effective May 8.
Prince Harry, the son of King Charles III and fifth in line to the British throne, has formally confirmed he is now a U.S. resident.
The United States has vetoed a widely backed UN resolution that would have paved the way for full United Nations membership for the state of Palestine.
Sophie Kinsella, the best-selling author behind the 'Shopaholic' book series, has revealed that she is receiving treatment for brain cancer.
Kevin the cat has been reunited with his family after enduring a harrowing three-day ordeal while lost at Toronto Pearson International Airport earlier this week.
Molly Knight, a grade four student in Nova Scotia, noticed her school library did not have many books on female athletes, so she started her own book drive in hopes of changing that.
Almost 7,000 bars of pure gold were stolen from Pearson International Airport exactly one year ago during an elaborate heist, but so far only a tiny fraction of that stolen loot has been found.
When Les Robertson was walking home from the gym in North Vancouver's Lower Lonsdale neighbourhood three weeks ago, he did a double take. Standing near a burrow it had dug in a vacant lot near East 1st Street and St. Georges Avenue was a yellow-bellied marmot.
A moulting seal who was relocated after drawing daily crowds of onlookers in Greater Victoria has made a surprise return, after what officials described as an 'astonishing' six-day journey.
Just steps from Parliament Hill is a barber shop that for the last 100 years has catered to everyone from prime ministers to tourists.
A high score on a Foo Fighters pinball machine has Edmonton player Dave Formenti on a high.
A compound used to treat sour gas that's been linked to fertility issues in cattle has been found throughout groundwater in the Prairies, according to a new study.
While many people choose to keep their medical appointments private, four longtime friends decided to undergo vasectomies as a group in B.C.'s Lower Mainland.