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And the Fort Mac fire isn't the only reason why,
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Iran and Saudi Arabia essentially walked away from the table.
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They haven't quite closed at US$35 a barrel. But they're close.
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"We're trying to bring our best perspective as to what's going on in the global oil market and what are the good investments for Canada."
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EDC will hand out loans or loan guarantees to oil firms with an export plan.
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Amid oil price crunch, Saudi minister preaches survival of the fittest.
Loonie, TSX sink along with oil prices, yet again.
CALGARY — The debt ratings for more than a dozen Canadian companies have been placed under review and may be downgraded by Moody's Investor Services as a result of lower oil and gas prices. Among the...
TORONTO — Strengthening oil prices boosted North American markets Friday as investors mulled the possibility of monetary stimulus in Europe and Asia. The Toronto Stock Exchange's S&P/TSX composite ind...
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"We will not make reckless cuts that would simply make a bad situation worse."
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Think oil in the $20s is bad? In Canada they’d be happy to sell it for $10. Canadian oil sands producers are feeling pain as bitumen -- the thick, sticky substance at the center of the heated debate o...
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Hitting the off switch could damage an oilsands reservoir.
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Canadian house prices would drop 26 per cent on average if oil fell to $35 a barrel and stayed there for five years, says the CEO of Canada Mortgage and Housing Corp. Evan Siddall made the comment at...
Oil has been trading near a 6 1/2 year low because of worries about the health of China's economy, concerns that had punished other commodities as well as global stock markets.
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TORONTO — The Toronto Stock Exchange's main index was showing a triple-digit gain in early trading Tuesday as markets around the world rebounded from the previous day's tumult, which the media had dub...
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NEW YORK - A barrel of U.S. crude oil fell below $40 per barrel for the first time since the end of the global economic crisis. Friday's fall, to $39.86, was just the latest indicator of a vast shift...
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Persistently low oil prices could pose a bigger threat to Canadians’ sky-high consumer debt loads than to oil companies, according to a new report from Moody’s Investor Services. The credit rating age...
The “market death” phase of the oil downcycle is about to commence as margins of many producers are starting to dry up, according to an energy analyst. “We are in the midst of a price war and one of t...
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Oil is likely to fall to the $40 a barrel mark in the second quarter of 2015 before recovering in 2016, according to a new report from TD Economics. The report predicting more pain in the oil sector...
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‘Unbelievable’ decline in oil drilling could impact banks, construction Cost-cutting budgets in Alberta, Quebec will reduce economic growth Analysts completely divided on where oil prices are headed...
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CALGARY - The Conference Board of Canada delivered bad news Wednesday for those hoping the pain from the latest crude oil downturn will subside any time soon.In a report, the Ottawa-based think tank p...
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CARACAS, Venezuela — Condoms are the latest item to become scarce — and costly — in Venezuela. Once easy to find, condoms disappeared from pharmacy shelves as the year started, along with many food an...
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OTTAWA - A new report by the Conference Board of Canada is predicting the oil-price collapse to cut federal revenues by $4.3 billion this year.The study also says lower crude prices will drain provinc...
This is the climate movement's moment to seize. It's a moment for the labour movement and climate movement to join together to demand investment in re-tooling and re-training workers to build the new economy. It's a moment to divest from dangerous fossil fuels like tar sands and reinvest in the solutions that are here and growing.
TORONTO - Canadian banks are taking a hard look at their energy and consumer loans as they brace for the possibility of a prolonged period of depressed oil prices.The chief executive of Royal Bank of...
TORONTO — Energy stocks helped push the Toronto stock market lower Thursday as concerns about oversupply pushed crude oil prices below US$75 a barrel for the first time in four years. The S&P/TSX comp...
The price of oil rose Wednesday on new concerns about possible supply disruptions in the Middle East after Israel launched airstrikes in Gaza.Benchmark West Texas Intermediate crude rose 94 cents to f...
LONDON - The price of oil edged down toward US$92 a barrel on Wednesday amid gloomy forecasts for world economic growth.By early afternoon in Europe, benchmark West Texas Intermediate crude was down 2...
Peak oil as it turns out isn't about supply but rather demand. It is a concept rooted more in economics than geology. It doesn't matter if there are billions of barrels of oil waiting to be tapped from oil sands or oil shales if the prices to extract them are beyond our economies' capacity to pay.
The Keystone pipeline will not serve American interests, but delight the Canadian government and its oil lobby. In addition to draining your pocketbooks and further compromising your environmental health, it will enrich Canadian politicians who don't believe in climate change.