Oil Prices Canada

Tumbling Oil Prices Draining ISIL War Chests

CP | The Canadian Press | Posted 01.23.2015 | Canada Politics

LONDON - The shocking decline in oil prices is not only hitting federal and provincial treasuries in Canada and elsewhere, it's also sapping the war c...

Why the Hysteria Over Oil Prices Is Overblown

Peter Hall | Posted 01.22.2015 | Canada Business
Peter Hall

When the storm hits, it's all we can think about -- especially if the power goes out. It can seem like an eternity, and can obliterate any pre-storm memory. This sounds eerily similar to the oil price tempest we are in the middle of right now. Today's price seems like the only reality, except that the plunge is still on. Are we going to survive this thing? Can we ever expect a return to calm? Dial in to the news, and you'd be tempted to think not. It's natural that storms bring about their own brand of myopia, but that's when experience should make us wiser. And we all have a lot of that to draw on.

Feds Out $4.3 Billion, Provinces Out $10 Billion As Oil Collapses

CP | Andy Blatchford, The Canadian Press | Posted 01.20.2015 | Canada Business

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 stu...

Oil Crunch Not Just Alberta's Problem: Prentice

CP | Dean Bennett, The Canadian Press | Posted 01.18.2015 | Canada Alberta

EDMONTON - The aftershocks of Alberta's collapsing petro-economy will shake up homes and businesses from coast to coast to coast, Premier Jim Prentice...

Oil Prices To Pull Down Housing Market, Royal LePage Says

CP | Alexandra Posadzki, The Canadian Press | Posted 01.15.2015 | Canada Business

TORONTO - Royal LePage says the price of a Canadian home is expected to rise by a relatively modest 2.9 per cent on average in 2015 as price appreciat...

Bank Of Canada Sees Sun Rising On The East, Setting On The West

CP | Andy Blatchford, The Canadian Press | Posted 01.12.2015 | Canada Business

OTTAWA - The Bank of Canada says while plummeting oil prices have darkened the confidence of firms linked to the energy sector, Canadian businesses ov...

Blame Goldman Sachs For Loonie's Tailspin To 6-Year Low

CP | Malcolm Morrison, The Canadian Press | Posted 01.12.2015 | Canada Business

TORONTO - The Canadian dollar closed down sharply Monday, hitting a fresh multi-year low as oil prices continued to retreat amid a bearish price forec...

Oil Price Carnage Is Good News For Canada's Tourism Industry

CP | Kevin Bissett, The Canadian Press | Posted 01.11.2015 | Canada Business

FREDERICTON - Falling gas prices and a weakening loonie are raising hopes within Canada's tourism industry that 2015 will be a banner year.Ian Jack, a...

Falling Gas Prices A $20-Billion Windfall For Canadians

The Huffington Post Canada | Daniel Tencer | Posted 01.09.2015 | Canada Business

Economists liken falling gas prices to “an instant tax cut,” and if gas prices stay as low as they are, that “tax cut” will amount to $20 bill...

Another Brutal Day On TSX As Oil Falls Below $50

CP | Malcolm Morrison, The Canadian Press | Posted 01.06.2015 | Canada Business

TORONTO - The Toronto stock market chalked up a triple-digit loss for a second day in a row as crude oil moved well below US$50 a barrel and energy st...

Cheap Oil May Actually Be Good For The Economy

CP | Andy Blatchford, The Canadian Press | Posted 01.05.2015 | Canada Business

OTTAWA - Perhaps an era of cheap crude won't be so bad for Canada after all.A new bank forecast argues the financial blows of low oil prices on the Ca...

U.S. Stock Markets At Record High As TSX Tanks Again

CP | Linda Nguyen, The Canadian Press | Posted 12.22.2014 | Canada Business

TORONTO — The Toronto stock market pulled back Monday as it looked for direction amid a shortened trading week ahead of the Christmas break. The ...

Canada ‘Much More Exposed' To Oil Prices Than It Used To Be: CIBC

The Huffington Post Canada | Daniel Tencer | Posted 12.17.2014 | Canada Business

Canada's economy three times as exposed to oil price changes as in 1998 collapse Lower gas prices will put $10 billion extra in Canadian consum...

Feds Could Take 'Steps' To Cool Housing Market, Oliver Says

CP | Andy Blatchford, The Canadian Press | Posted 12.18.2014 | Canada Business

OTTAWA - Finance Minister Joe Oliver says the federal government could take "moderate steps" to address Canada's strong housing market as he began two...

Joe Oliver Looks On The Bright Side Of Low Oil Prices

CBC | Posted 12.14.2014 | Canada Business

Increased consumer spending and additional money for savings are two of the benefits to lower oil prices, federal Finance Minister Joe Oliver has told...

Toronto Stock Exchange, Loonie Plunge Amid Oil Price Collapse

The Huffington Post Canada | Daniel Tencer | Posted 11.29.2014 | Canada Business

Oil prices will shave $15 billion to $20 billion from Canada’s economy annually if they stay at current, lower levels, the Bank of Montreal says. ...

Oil Price Collapse Sends TSX Reeling

CP | Malcolm Morrison, The Canadian Press | Posted 01.28.2015 | Canada Business

TORONTO - The Toronto stock market extended its losses Friday as energy stocks continued to sell off in the wake of a collapse in oil prices while min...

The Good News And The Really Good News About Gas Prices

The Huffington Post Canada | Daniel Tencer | Posted 11.18.2014 | Canada Business

The good news about gas prices is that, in many parts of the country, they haven't been lower in years. And the really good news is they're unlikely t...

How The Loonie Saved Canadian Oil

CBC | Posted 01.11.2015 | Canada Business

Amid a global crude slowdown pushing oil prices to multi-year lows, Canadian oil companies are faring better than their overseas counterparts, TD Bank...

As Oil Prices Drop, Energy Giant Passes On New Projects

CP | The Canadian Press | Posted 12.31.2014 | Canada Alberta

CALGARY - Oilsands giant Suncor Energy Inc. says it's taking a pass for now at "exploring the world," even though some opportunities may be up for gra...

Here's What The BoC Says Falling Oil Prices Will Do To Canada's Economy

CP | Andy Blatchford, The Canadian Press | Posted 12.30.2014 | Canada Business

OTTAWA - Bank of Canada governor Stephen Poloz estimates that if low oil prices linger they would cut the growth of Canada's gross domestic product by...

Worried About Falling Oil Prices? Divest and Re-Invest

Cameron Fenton | Posted 12.22.2014 | Canada Politics
Cameron Fenton

A recent plunge in oil prices as been driving a steady stream of commentary from leading economic voices across the spectrum in Canada calling for everything from outright panic to 'stay the course'. With oil hovering just north of $80 per barrel, many are starting to question the future of pipelines, tar sands and other resource intensive extractive projects.

What Falling Oil Prices Mean For Alberta

CBC | Posted 12.20.2014 | Canada Alberta

The falling price of oil will likely result in a round of project cancellations and disappointing results in the Canadian oilpatch, analysts say. A...

Sliding Oil Prices Will Cost Ottawa Billions, ‘Re-Order' Economy

The Huffington Post Canada | Daniel Tencer | Posted 10.20.2014 | Canada Business

The steep drop in oil prices in recent months will cost Canada’s federal government as much as $3 billion in lost revenue, according to an analysis ...

One-Quarter Of New Canadian Oil Projects In Danger: IEA

The Huffington Post Canada | Posted 10.15.2014 | Canada Business

About a quarter of new oil projects in Canada could be under threat if oil prices fall below $80 U.S. per barrel, the International Energy Agency warn...