Indigenous girls hockey clinic aims to build P.E.I. players’ skills and confidence | CBC News


Indigenous girls hockey clinic aims to build P.E.I. players’ skills and confidence | CBC News

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As many hockey players across the region pack away their gear for the off-season, some Indigenous girls on Prince Edward Island are being asked to keep their sticks and skates handy.

The Mi’kmaq Confederacy of P.E.I. is bringing the girls together to hit the ice for a hockey clinic at the Simmons Sports Centre on April 18.

Lynn Anne Hogan with the Indigenous Sport Circle at the confederacy said the event is about much more than just getting time on the ice.

“We’re there to develop skills. We’re there to strengthen existing skills, have fun, but most importantly, celebrate Indigenous girls and women in hockey … and for them to see themselves as coaches, as leaders,” Hogan told CBC’s Island Morning.

LISTEN | Indigenous girls hockey clinic brings together next generation:

Island Morning10:28Indigenous girls hockey clinic brings together next generation

A hockey clinic in Charlottetown, hosted by Indigenous Sport Circle P.E.I., is uniting girls through culture and sport.

The event is supported by the Genevieve Francis Memorial Fund, started by Ryan Francis to support sport, recreation and physical activity opportunities for Indigenous women and girls in Atlantic Canada.

Francis said the idea for the clinic grew out of an Indigenous girls hockey program in Nova Scotia.

“We built a really great network, and had so many young girls experiencing the game, we had so many incredible leaders who were on the ice with them,” he said.

“We started to talk with different partners and different groups about what a day-long celebration could look like. And so that’s where the Indigenous girls hockey jamboree or clinics have sort of come to life.”

The clinic is not a beginner “come-try” event. It is open to Indigenous female players currently enrolled in minor hockey in the U9, U11, U13 and U15 age categories.

Hogan said more than 20 players have already registered, with space still available. Registration links can be found on the Mi’kmaq Confederacy of P.E.I.’s website and social media pages.

‘From the playground to the podium’

Francis said events like this go beyond drills and skating.

“You see friendship. You see community,” he said. “You see that sense of belonging when peers are able to come together and play the game of hockey and recognize that there’s space for them to do it together.”

He added that clinics like this come at a time of growing opportunities for girls and women in hockey at all levels.

“It’s been so cool to see the growth and the development of the girls’ game,” he said.

Francis noted that Professional Women’s Hockey League has held games in Halifax twice and that organizers brought many girls from communities to meet role models like Jocelyne Larocque and Jamie Lee Rattray after the games. 

A group of young girls in white jerseys and two coaches pose for a photo on the ice at the UPEI Panthers arena in Charlottetown
The Indigenous Sport Circle at the Mi’kmaq Confederacy of P.E.I. has hosted many events that provide opportunities for Indigenous youth on the Island to strengthen their athletic skills. (Mi’kmaq Confederacy of P.E.I.)

Hogan said partnerships with the Genevieve Francis Memorial Fund and local sports organizations across P.E.I. are helping expand opportunities for Indigenous youth, from introducing kids to sports to preparing Indigenous athletes for competitions such as the North American Indigenous Games.

“Our mandate at the Indigenous Sport Circle is really to provide opportunities for Indigenous youth to participate in sport, recreation, physical activity … from the playground to the podium,” she said.

Hogan added that a boys clinic will follow on April 19, with registration now open.


Dean Penney’s mother pointed to another suspect 1 day after Jennifer Hillier-Penney disappeared | CBC News


Indigenous girls hockey clinic aims to build P.E.I. players’ skills and confidence | CBC News

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“Oh my God. What am I doing?”

Ruby Penney questioned herself at times as she sat in the RCMP detachment in St. Anthony on Dec. 1, 2016, and gave a voluntary statement to a police officer.

Her daughter-in-law, Jennifer Hillier-Penney, had been reported missing a day earlier. Ruby was the first person to show up at the house after her granddaughter, Deana, realized her mother was nowhere to be found.

She told the officer there was one thing she couldn’t get out of her head — a phone call Jennifer had with her cousin seven months earlier, that Ruby and Deana had overheard.

“This is a long shot,” she said before launching into the story.

Jennifer, Ruby and Deana were coming home from a trip to Florida, when Jennifer got a call from Derick Hillier.

Derick had been hospitalized at the Waterford psychiatric facility in St. John’s, but said he was getting out soon.

“He told her he was Jesus Christ,” Ruby said.

She went on to explain how Derick told Jennifer he was going to come to her house with all of her dead relatives, and take her to a party in heaven.

“I can’t get it out of my mind now,” Ruby told the officer. “It’s possible that he did something.”

Ruby expressed guilt at times for bringing his name up at all.

“He’s my friend,” she said. “How can I do this to him?”

Ruby Penney is now dead. So is Derick Hillier. Ruby’s son, Dean, is on trial for first-degree murder at the Supreme Court of Newfoundland and Labrador in Corner Brook.

He has pleaded not guilty.

A photo of a woman with blonde hair.
Jennifer Hillier-Penney has been missing since Nov. 30, 2016. Her estranged husband is now on trial for murder. (CBC)

The court has yet to hear from any RCMP officer who spoke to Derick Hillier directly, but one officer who interviewed his parents did testify.

Staff-Sgt. Daniel Murrin said Hillier was in St. Anthony around the time, but said Derick’s parents told him he’d left to drive across the island before Jennifer Hillier-Penney was last seen on Nov. 30, 2016.

Deana Penney was also asked about the phone call when she testified on Monday, and rejected any claim that Hillier could have been responsible for her mother’s disappearance.

“That was a misunderstanding because the man was genuinely sick,” she said.

The trial was delayed on Wednesday due to a technical problem with the audio recording system in the courtroom. Proceedings got underway at 2 p.m.

The court will break on Thursday before returning for a half-day on Friday. The trial is slated to run until the end of April.

Download our free CBC News app to sign up for push alerts for CBC Newfoundland and Labrador. Sign up for our daily headlines newsletter here. Click here to visit our landing page.


B.C. gov’t forces through West Vancouver zoning change, approves neighbourhood plan | CBC News


Indigenous girls hockey clinic aims to build P.E.I. players’ skills and confidence | CBC News

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The B.C. government has finally overridden a months-long council stalemate in West Vancouver and approved a neighbourhood plan that will allow more housing to be built in the centre of the city.

The province announced Tuesday that it had changed the district’s Official Community Plan bylaw to include the Ambleside Centre Local Area Plan.

West Van Mayor Mark Sager said the municipality expected the order to come.

“Honestly, there is no surprise,” he said. “I was happy that the minister took the time to call me personally and explain the rationale.”

The Ambleside plan, which prioritizes increased heights of up to four storeys through most of the Marine Drive corridor and allows taller buildings up to 16 storeys in specific areas, was developed by city staff but has proven politically contentious. 

Council has been deadlocked in a 3-3 vote split for months, as the mayor owns property in the area and recused himself from voting.

The province said the change will “allow more homes to be built, while creating more opportunities for nearby shops, community spaces and improved sidewalks, with public infrastructure already included in the Ambleside Plan.”

The province said the city has failed in meeting a set target of 220 net new housing units, delivering only 58, and missed a Dec. 31, 2025, deadline to complete three provincial housing directives.

One of those directives was approving the Ambleside Plan.

The other two are to increase density in the Park Royal-Taylor Way area and to provide for increased density in the single- and two-family areas next to Ambleside and Dundarave.

The province said it issued the order for Ambleside, and not the other two directives, because the neighbourhood plan was already complete, public engagement had taken place, and technical studies were also finished.

“The plan was ready to move forward despite previously being withdrawn by council from its October 2025 meeting agenda, with no further direction to implement it,” said the province’s news release on Tuesday.

The province repeatedly said it would override the city if it did not pass the directives by the deadline.

Now West Van is also required to do enhanced reporting for the other two directives, which are still in the drafting stage.

“We can certainly work with the minister on these issues,” Sager said. “You know, is anyone happy that the minister had to use an order-in-council on the local area plan? Probably not.”

He added he’s pleased that the housing ministry will work with the district on the other two directives, as he said the community will never accept upzoning the area by Dundarave.

He agreed that councillors were generally not opposed to additional density in the Ambleside area, but they disagreed about specifics.

He said the province will have to stand by its decisions if there are residents unhappy with the order to override the municipality.

“I think that’s an issue that the provincial government in the next provincial election will have to deal with, whether that’s an appropriate use of their power or not.”


Треба памʼятати про ціну: головний сержант роти снайперів висловився про перемирʼя у війні


Він каже, що в памʼять про полеглих військових не можна навіть в питанні перемирʼя обирати щось, що буде не на руку Україні.

Треба памʼятати про ціну: головний сержант роти снайперів висловився про перемирʼя у війні

Україні однозначно потрібен певний етап для того, щоб трохи видихнути та підготувати людей. Таку думку, говорячи про перспективи перемирʼя, висловив головний сержант роти снайперів спеціального призначення бригади “Рубіж” Микола “Раптор”, підрозділ якого перебуває на Покровському напрямку.

“Треба нормально навчити людей, дати їм розуміння, щоб вони побачили, що армія – це не тільки про “Гей, пливе кача”. Армія – це ще про перемогу над ворогом. Ми йдемо воювати не для того, щоб помирати; ми йдемо воювати для того, щоб вбивати й перемагати”, – пояснив він в етері подкасту “Воїн волі” для 24 Каналу

Водночас військовий зауважив, що якщо перемирʼя буде досягнуто на умовах російського диктатора Володимира Путіна, він “буде дуже сильно ображений”. 

“Напевно, я висловлю спільну думку всіх військових, принаймні тих, з якими спілкуюся: треба розуміти, якою ціною ми вибиваємо це перемир’я. Якщо всі ті жертви, які наша країна віддала в обличчях своїх чоловіків, синів, батьків, моїх друзів, будуть оцінені так недбало, – це буде просто жахіття”, – акцентував “Раптор”.

Він наголосив, що в памʼять про полеглих військових не можна навіть в питанні перемирʼя обирати щось, що буде не на руку Україні. За словами Миколи, він не хотів би віддавати ворогу Донецьку, Луганську області, частину Запорізької, Херсонської та Сумської областей.

Він згадав, що кілька місяців тому лунали пропозиції про те, щоб залишити ці території непідконтрольними ні Росії, ні Україні.

“Виставити на кордонах наші війська для захисту і щоб у буферній зоні перебували миротворчі підрозділи інших держав, тих самих країн НАТО. Напевно, на це б я погодився, бо між нами з Росією буде якийсь буфер у вигляді солдат НАТО, на яких ворог не полізе, бо розуміє, що отримає відповідь Тоді ми зможемо трохи видихнути, розуміючи, що там є люди, які виступають нам живим щитом, як ми зараз виступаємо живим щитом для всієї Європи”, – додав він.

Така пауза також дозволить заново набрати людей та якісно їх підготувати. 

“Я хочу, щоб люди бачили, що до кожного кандидата, якого відбираємо, ми ставимося з максимальною повагою. Якщо людина потрапляє в підрозділ, ми зробимо все, аби вона стала єдиним цілим з колективом. Неважливо, як люди до нас потрапили, якщо вони вже з нами, ми працюємо по максимуму. Якщо щось не подобається – скажи чесно, але тільки не тікай в СЗЧ. Це трошки бісить”, – резюмував “Раптор”. 

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Війна в Україні – ви могли це пропустити

Віцепрезидент США Джей Ді Венс заявив, що у переговорах між Росією й Україною щодо припинення війни є “значний прогрес”. При цьому він стверджує, що позиції сторін нібито зблизилися.

Тим часом на фронті росіяни були вимушені перейти до оборони на одному з напрямків. Як розповів офіцер відділення комунікацій 148 окремої артилерійської бригади Десантно-штурмових військ Сергій Колесниченко, оцінки аналітиків, що український наступ на Олександрівському напрямку зірвав плани росіян на літню кампанію, загалом відповідають реаліям.

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Rep. Ritchie Torres calls for probe into futures trades placed ahead March pause on Iran hostilities


U.S. Rep. Ritchie Torres, a Democrat from New York, during an interview in New York, Jan. 28, 2025.

Victor J. Blue | Bloomberg | Getty Images

Rep. Ritchie Torres, D-N.Y., on Wednesday called for a federal probe into suspicious trading activity in oil and equity futures markets just before President Donald Trump’s announcement of a five-day delay in attacks on Iran’s energy infrastructure in March.

In a letter to Securities and Exchange Commission Chair Paul Atkins and Commodity Futures Trading Commission Chair Michael Selig, first reported by CNBC, Torres cites reports on a series of irregular and well-timed trades in the minutes ahead of Trump calling a pause on hostilities.

“What kind of trader would make a massive trade at 6:49 a.m., 15 minutes before a market-moving presidential announcement with billions of dollars at stake and without a hedge?” Torres said in an interview on Wednesday. “The only plausible answer to that question is an insider trader. Any other alternative is a statistical impossibility.”

More than $500 million in crude oil futures trades were made in the roughly 15 minutes before Trump announced the halt in strikes via Truth Social, Reuters reported last month. The New Yorker reported that in the immediate lead-up to Trump’s announcement, there was an abnormal surge in futures trading volume predicting a decline in oil prices and a rebound in equity markets.

Read more CNBC politics coverage

Torres in his letter said the “occurrence may constitute one of the largest instances of insider trading in history,” and called on the SEC to open a formal investigation and, in consultation with the CFTC, obtain comprehensive trading records.

A spokesperson for the SEC on Wednesday declined to comment. The CFTC did not immediately respond to a request for comment.

The SEC tapped David Woodcock, a Gibson Dunn lawyer and former agency official, to be its next enforcement director, Reuters reported Wednesday.

“I have a lack of confidence in our market regulators,” Torres said in the interview. “But we have no choice but to agitate for accountability. We cannot allow the SEC and the CFTC to turn a blind eye to what may be the largest case of insider trading in history.”

This is the second time in several months that Torres — a member of the House Financial Services Committee — has raised the issue of potential insider trading around Trump administration actions.

Torres introduced legislation in January after an account on the prediction market platform Polymarket placed a well-time bet in the hours leading up to the ouster Venezuelan President Nicolás Maduro, earning a $400,000 payout.

The legislation would bar federal elected officials, congressional staff, political appointees and executive branch officials from buying or selling event contracts based on government policy, action or political outcomes if they have material nonpublic information. It has 42 Democratic cosponsors but is unlikely to pass in the Republican-controlled House.

Congressional Democrats in recent months have repeatedly raised concerns about the appearance of insider trading within the Trump administration, particularly on prediction markets. A group of House Democrats on Monday sent a letter to Selig questioning the CFTC’s role in regulating event bets placed on offshore prediction markets like Polymarket.

“Recent high-profile instances of alleged insider trading on prediction market platforms relating to U.S. government actions — including the military’s intervention in Venezuela and our recent attack on Iran —have fueled concern that the CFTC does not have adequate control over these fast-growing markets,” wrote the group, led by Reps. Seth Moulton and Jim McGovern, Massachusetts Democrats.

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Gas prices expected to drop 11 to 12 cents by Friday amid apparent ceasefire


Gas prices in the GTA could drop by 11 to 12 cents by Friday amid the apparent ceasefire between the U.S. and Iran.

The two-week ceasefire was subject to Iran reopening the Strait of Hormuz where a fifth of the world’s oil is transported during peacetime.

Iran originally reopened the strait, but closed the waterway on Wednesday in response to Israeli attacks against the Hezbollah militant group in Lebanon

The country’s stranglehold on the strait, the waterway leading out of the Persian Gulf, has driven up global oil prices, as have Tehran’s attacks on regional energy infrastructure.

The price of gas in the GTA is currently sitting at 188.9 cents/litre but is expected to drop two cents on Thursday to 186.9 cents/litre.

Roger McKnight, chief petroleum analyst with En-Pro, says the ceasefire crashed crude prices by $18 a barrel, which would drive gas pump prices down.

“How low and how long the lower prices will go will depend on the strength of the ceasefire agreement. If the agreement becomes just another disagreement then prices will bounce back up again and rapidly,” said McKnight.

He added that he has little to no confidence this war will pause for any appreciable period of time so the low prices likely won’t last long.

The price of gas has jumped by over 50 cents in the GTA since the United States and Israel launched missile attacks against Iran on Feb. 28.

Click here to see the latest gas prices.

With files from the Associated Press


Politics watchdog calls for end of ‘ethics screens’


Finance Minister Francois-Philippe Champagne’s partner is a vice-president with the crown corporation responsible for building Alto, Canada’s high-speed rail project

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OTTAWA — Ethics screens are little more than loopholes for politicians to cover themselves while sidestepping ethical compliance, an ethics watchdog said Wednesday.

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One day after federal Finance Minister Francois-Philippe Champagne says he officially recused himself from discussions involving the Alto high speed rail project, Democracy Watch Founder Duff Conacher said “ethics screens” like the one minister created for himself are little more than “secretive smokescreens” that don’t prevent cabinet ministers from ethically-questionable situations.

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“Ethics screens should be banned because they are secretive smokescreens that are not independently enforced, and do not prevent Cabinet ministers and top government officials from participating in decision-making processes when they have a conflict of interest, but instead hide the fact that the office holder is participating even when they or their family members or friends can profit or benefit from the decision,” Conacher told the Toronto Sun in an email.

Minister’s partner is executive with crown corporation

Over the weekend, news quickly spread across Parliament Hill about the recusal, with Champagne releasing a letter Monday — an “ethics screen” purportedly filed in September — promising to remove himself from discussions or decisions concerning the multi-billion dollar Alto project to construct a high-speed rail corridor between Toronto and Quebec City.

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Alto is the crown corporation responsible for the high-speed rail project.

Champagne’s partner, Anne-Marie Gaudet, is Alto’s vice-president of environment.

In the letter, Champagne delegated authority to Secretary of State for the Canada Revenue Agency Wayne Long, with this ethics “filter” overseen by his chief of staff and deputy finance minister.

Questions still remain

Conacher countered claims by ministerial spokespersons that Champagne hasn’t been a party to or involved in any Alto-related discussions since filing the screen.

“Champagne introduced Bill C-15, voted on it in the House, and testified about it before the Finance Committee, and Part 5, Division 1 of Bill C-15 contained the High Speed Rail Network Act which specifically and only benefits Alto (and its private consortium partner Cadence),” he said.

“So he clearly participated in discussions and votes related to Alto.”

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He also said questions remain on how the High Speed Rail Network Actended up in the budget bill in the first place if the finance minister had no say.

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“It is hard to believe that he wouldn’t have participated in at least one discussion, decision or vote about this,” Conacher said.

“And if he did, then he violated the Conflict of Interest Act because he participated in a specific decision that specifically affects and benefits only Alto and the Cadence consortium (again, the High Speed Rail Network Act only applies to them), where his spouse works as a senior executive.”

bpassifiume@postmedia.com

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Joint Statement on the U.S.-North Macedonia Strategic Dialogue – United States Department of State


The following is the text of a joint statement by the United States of America and the Republic of North Macedonia on the occasion of the second U.S.-North Macedonia Strategic Dialogue.

Begin text:

Deputy Secretary of State Christopher Landau and Minister of Foreign Affairs and Foreign Trade Timcho Mucunski led the second U.S.-North Macedonia Strategic Dialogue in Washington, D.C. on April 7.  The Strategic Dialogue deepened the partnership between the United States and North Macedonia and advanced our shared goals of promoting peace, security, and prosperity. 

Energy and Economic Cooperation

The United States welcomed the signing of a Memorandum of Understanding on Enhancing Security of Natural Gas Supply to North Macedonia, a bilateral arrangement to enhance the resiliency of the natural gas market through the purchase of U.S. liquified natural gas and strengthen energy security.  North Macedonia’s decision to develop a One-Stop Shop system for U.S. exports and investment can deepen bilateral commercial ties, and its pursuit of investment screening legislation may also improve the business climate for U.S. investment. 

The two countries welcomed the U.S. International Development Finance Corporation’s decision to award $5 million in assistance to restart antimony mining in North Macedonia.  The agreement demonstrates joint commitment to develop alternative supplies of the critical minerals essential to maintaining competitive advantage in the global economy.  They also recognized the importance of open and transparent investment climates and policies, with strong legal frameworks, investment facilitation, and fair procedures to resolve disputes.  They recognized that such policies promote lasting economic development and growth, job creation, increased productivity, technological innovation, and competitiveness.  The United States welcomed the interest of North Macedonia to join the Three Seas Initiative, acknowledging its unique strategic position.

Security and Defense Cooperation 

The United States and North Macedonia reaffirmed their enduring alliance and shared commitment to NATO’s collective security, recognizing that all Allies must increase defense spending, improve interoperability, and meet NATO capability targets.  The United States acknowledged North Macedonia’s roadmap to meet its NATO commitment of spending 5 percent of GDP on defense by 2035.  North Macedonia highlighted its donation to the Prioritized Ukraine Requirements List (PURL) as well as pursuit of Foreign Military Sales in line with North Macedonia modernization goals and NATO requirements. 

Cyber and Digital Cooperation

The United States announced its intention to provide technical assistance to strengthen digital infrastructure across North Macedonia’s government ministries through the Department of State’s Foreign Assistance Leveraged for Cybersecurity Operational Needs (FALCON) program.  FALCON will conduct comprehensive cyber security assessments of critical infrastructure and other important networks to identify vulnerabilities, recommend remediation measures, and inform the Government of North Macedonia’s procurement decisions, including the purchase of cybersecurity products and services from the U.S. and other trusted vendors.  The United States also announced the placement of embedded cybersecurity advisors to support both North Macedonia’s Ministry of Defense as well as the Ministry of Digital Transformation in bolstering the country’s cybersecurity capabilities, defense, and resilience.  The United States additionally intends to deliver $5 million in Foreign Military Financing (FMF) initiatives to provide a deployable cyber capability for expeditionary forces and enhance the protection of national defense infrastructure through equipment and training.

Border Security and Countering Transnational Threats

The United States and North Macedonia share a strong interest in stemming the flow of illegal migration and countering transnational crime and narcotics trafficking.  The United States welcomes the efforts of North Macedonia, a transit country in the heart of the Balkans, to combat these destabilizing activities.  To deepen our cooperation, the United States intends to provide $3,523,000 in security assistance to enhance North Macedonia’s law enforcement and border management capabilities, making both of our countries safer, more secure, and more prosperous.  The United States will launch an initiative to strengthen intelligence-led border enforcement against transnational criminal organizations, illicit drug trafficking, and irregular migration threats. 

Other Initiatives

The United States and North Macedonia also signed a bilateral Cultural Property Agreement to prevent the illicit trafficking of archeological and ethnological artifacts of North Macedonia.  This agreement is designed to help disrupt illegal trafficking networks, protect American collectors and museums, and cut off financial flows to terrorists and transnational criminals.    The United States also welcomed North Macedonia’s signing of a Letter of Intent to pursue the Trusted Traveler Program.  Global Entry would allow expedited clearance for pre-approved, low-risk travelers from North Macedonia upon arrival in the United States. 

End Text.


Deloitte sees Canada’s oilpatch as ripe for deals once turmoil blows over | Globalnews.ca


It might be a busy market for mergers and acquisitions in Canada’s oilpatch later this year, provided the geopolitical mayhem eases enough for buyers and sellers to find common ground on price, says a partner at consulting firm Deloitte.

Deloitte sees Canada’s oilpatch as ripe for deals once turmoil blows over  | Globalnews.ca

In a report published Wednesday, Deloitte said deal activity seemed to be on the upswing heading into this year after a decade-long lull. But with the U.S.-Israel war on Iran shaking global oil markets, the outlook now is much more hazy.

“It’s really hard for a deal to get done” with the US$115-a-barrel price West Texas Intermediate was hovering around earlier this week, said Andrew Botterill, partner for energy, resources and industrials at Deloitte Canada. “Buyers and sellers are just too far apart.”

WTI plummeted 17 per cent to trade at about US$96 per barrel in late-morning trading Wednesday after the U.S., Iran and Israel agreed to a two-week ceasefire, heading off U.S. President Donald Trump’s threats to destroy Iranian civilization.

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Business Matters: Global leaders look for new ways to stabilize oil prices


The current crude price is still about 40 per cent higher than where it was trading before the conflict began in late February, spilling over to several countries in the region and choking off 20 per cent of the world’s oil and liquefied natural gas supplies.

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But if the volatility blows over — as futures market trading seems to suggest might happen later this year — Canada’s energy sector would be ripe for an acceleration in merger and acquisition activity.

“People are starting to really come to the recognition that Canada is very investable right now and it’s a place to deploy capital and we should expect to see more deals,” said Botterill.

The oilsands are already dominated by a handful of big players, so there are few opportunities in that space, he said.

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But the Montney and Duvernay areas of northeastern B.C. and northwestern Alberta are some of “the world’s highest-quality assets out there” and are likely to see more consolidation. Those rocks are rich in natural gas liquids, whose prices tend to track those of crude oil.

“The repeatability economics are so strong, the technology is so consistent and Canadian producers have just done such a great job at managing costs alongside that and continuing to make large swaths of resource highly profitable,” said Botterill.


Click to play video: 'Canada ‘reliable’ and ‘low-risk’ oil exporter, will up production amid energy crisis: Carney'


Canada ‘reliable’ and ‘low-risk’ oil exporter, will up production amid energy crisis: Carney


In its latest forecast, Deloitte predicted an average 2026 WTI price of US$85 per barrel, but the closure of the Strait of Hormuz has been driving prices significantly higher than that, but oil traders seem to be betting on a more mellow market in the latter half of this year.

Contracts for delivery in August and beyond have been sinking below US$80 per barrel. For 2027, Deloitte is forecasting a drop in WTI to US$76.50. For 2028, it sees a return to the prewar level of US$67.65.

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Meanwhile, the benchmark for Alberta natural gas is forecast to average $2.15 per mmBTU in 2026, climbing to $3.20 in 2028.

A balmy winter in much of Canada coupled with a slower-than-expected ramp-up of the LNG Canada export terminal on the B.C. coast put pressure on the price of the home-heating fuel, Botterill said.

He’s never felt so positively about the prospects for Canada’s liquefied natural gas export ambitions.

The war has knocked out LNG production from Qatar, one of the world’s biggest players, sending Asian and European power prices soaring and highlighting Canada as a relatively stable global supplier.

“These are hard projects to get approved and it’s a lot of money, so I think there’s still a lot of work to get done to move particular projects forward,” Botterill said.

“But at the end of the day, Canada is seen as a real safe place for capital and it’s seen as even more investable now than it was a few years ago. We’re going to be talking about one or two or three more projects off the West Coast over the coming years.”


Click to play video: 'Canada’s role in historic emergency oil reserve release'


Canada’s role in historic emergency oil reserve release


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