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Oil Prices Continue to Fall as Trade War Escalates

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Monday saw the continuous fall in oil prices, pushing the United States crude oil to its lowest in over two weeks.

This is obviously a result of the intensifying trade war between the United States and China. Experts are warning the continued trade war could affect the global economy worse more than feared.

Many people around the world are worried about how this will all affect them and are doing all they can to keep their jobs.

Some people in need of money are deciding to do more side hustles to keep money coming in, even if they lose their jobs. Thanks to the Internet many are able to get things to do online, to keep money coming in.

Even students are selling pictures online to people buying as explained on this BuyFeetPictures.com website. The Internet is obviously going to help people make extra money on the side, no matter how things go with the economy.

As for the falling oil prices, U.S. oil fell 68 cents (1.3%) to a low of $53.49 a barrel. It’s feared such fall would continue as the trade war escalates even further with China talking of more tariffs on products coming from the United States.

In particular, China warned it would impose 5% or even 10% additional tariffs on over 5,000 products coming from the United States. These products would include agricultural products like soybeans, crude oil and even small aircrafts.

Trump has also mentioned he was going to order U.S. companies to close their operations in China, all of which would only make the entire situation even worse.

It’s uncertain Trump and his team know the full extent of how this will affect the U.S. but there are already more signs of trouble brewing.

For example, further signs of trouble for the U.S. is the fact that this is the first time that U.S. manufacturing industries have registered a month of contraction in nearly a decade.

Things are obviously not looking good, not just for the United States and China, but for the global economy as well. Countries as far away as Australia are also beginning to feel the devastating effect of the trade war.

That’s why experts like Jeffrey Halley are hoping both nations come together to resolve the trade war, to prevent further damage.

In his words, “The only thing that will lift the storm clouds over oil markets this week will be if both China and the U.S. talk and decide to mutually take a step back“.

Jenny is one of the oldest contributors of Bigtime Daily with a unique perspective of the world events. She aims to empower the readers with delivery of apt factual analysis of various news pieces from around the World.

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World

Top Road Trip Destinations in Canada

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Did you know that 1.93 million Americans traveled to Canada in 2020? That number was down year-over-year due to COVID-related travel restrictions. 

While some Americans visit the Great White North via plane, others prefer road trips. It can be fun to plan an itinerary, book a hotel, pack the luggage, load your family into the car, and head to the border. But if a road trip to Canada is in the plans for you and yours this summer, what Canadian destinations are worth the potentially thousands of miles of driving? Keep reading to learn about the top road trip destinations in Canada.

Grasslands National Park in Saskatchewan

Grasslands National Park is one of Canada’s 44 national parks and park reserves. Whether you’re an earlier bird or a night owl, the national park in Southern Saskatchewan provides an ideal prairie landscape. It’s the perfect place to unwind, immerse yourself in nature, and recalibrate your life.

Enjoy the great outdoors on a campsite, or take part in hiking adventures by exploring trails. The solitude and breathtaking beauty of this national park will leave you in awe. Make time for the Ecotour Scenic Drive. It’s about 20 km (around 12.5 miles) long and will take one to three hours to complete depending on your pace. 

Toronto to Stratford, Ontario

If there’s one Canadian city most Americans have heard of, it’s Toronto. Toronto, the capital of Ontario, is the fourth largest city on the continent. It’s also home to the only authentic castle in North America. Casa Loma, located in midtown Toronto, is worth the visit. So, too, is the CN Tower, which is the biggest free-standing structure in the Western Hemisphere. The city also has citizens representing 200+ ethnic groups. 

While there’s plenty to see and do in Toronto, why stop there? It’s a good idea to include a Toronto-to-Stratford excursion while on your road trip to Canada. You must travel 150 km (about 93 miles ) west to get to Stratford. You’ll see Victorian architecture and get to take in the live theater. Most Americans probably haven’t heard of Stratford before. But when you come for a visit, there’s a good possibility you won’t ever forget it.

North Cape Coastal Drive, Prince Edward Island

If you haven’t ever taken a road trip to Prince Edward Island, you don’t know what you’re missing. It’s Canada’s smallest province, but it sure offers a boatload of fun. Are you a foodie or do you like to indulge in the local cuisine when traveling? Check out the western peninsula. You can delight your tastebuds with the range of food available. 

Make time to visit the Canadian Potato Museum in the province. After taking in the sites and attractions at the museum, enjoy a meal at the onsite PEI Potato Country Kitchen. The menu has items like the chili topped baked potato, which features a baked potato, homemade chili, and cheese. Meanwhile, the pulled pork potato features a baked potato topped with pulled pork, cheese, and sour cream on the side. That’s just a sampling, and all baked potato dishes are served with fresh-cut, homemade chips.

If you’re intersted in a U.S. to Canada road trip this year, the options above will give you some ideas. The sky’s the limit since there’s so much to see and do. 

You’ll want to ensure your vehicle is in good working order to avoid breakdowns. You’ll also want to stay alert on the road since you’ll be traveling a lot of miles and spending hours behind the wheel of your car. 

If you get into an accident, you must know what to do. In addition to reporting the accident, calling your insurer, and possibly even booking a rental car to complete your road trip, you’ll want to contact a personal injury lawyer if anyone is injured. 

No one wants to consider accidents or injuries when on a road trip. But it’s best to hope for the best while being prepared for the worst. You’ll enjoy the journey and the destination a lot more when you’ve done everything possible to prepare for any possible issues.

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