Oil Prices Canada

Cheap Oil Good For Canada And The World, Scotiabank CEO Says

CP | Alexandra Posadzki, The Canadian Press | Posted 08.28.2015 | Canada Business

TORONTO — Concerns about the prolonged decline in the value of crude have left a dark cloud hanging over the banks, but the chief executive of Scoti...

Oil Prices Rebound, Biggest One Day Gain Since 2008

CP | The Associated Press | Posted 08.27.2015 | Canada Business

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.

Oil Prices Hit Six-Year Low

CP | Ian Bickis, The Canadian Press | Posted 08.19.2015 | Canada Business

The drop in oil prices comes as Canadian producers struggle with a high discount to the U.S. benchmark after a major shutdown at a refinery that processes  Canadian heavy oil.

Gas Prices Soar In Western Canada As Canadian Crude Hits Decade Low

The Huffington Post Canada | Daniel Tencer | Posted 08.13.2015 | Canada Business

Shutdown of U.S. refinery sends Canadian oil down, gas prices up More pain at the pumps to come for Western Canadians Lower loonie adds 11 c...

Oilsands Producing Below Cost As Canadian Crude Hits 10-Year Low

Reuters | Posted 08.12.2015 | Canada Business

Heavy Canadian crude slumped to its lowest level in at least a decade on Wednesday after Enbridge Inc closed two of its main pipelines in the United S...

Oilsands Producing Below Cost As Canadian Crude Hits 1-Year Low

Reuters | Posted 08.12.2015 | Canada Business

Heavy Canadian crude slumped to its lowest level in at least a decade on Wednesday after Enbridge Inc closed two of its main pipelines in the United S...

Low Fuel Prices Send Air Canada Profit Into Stratosphere

CP | Posted 08.12.2015 | Canada Business

MONTREAL — Air Canada (TSX:AC) says its net income in the second quarter was $296 million, up 33 per cent from the comparable period last year, as t...

Economic Downturn Is Only Temporary: Harper

CP | Andy Blatchford, The Canadian Press | Posted 08.03.2015 | Canada Politics

Stephen Harper made an effort on the campaign trail Monday to reassure Canadians about their limping economy, insisting that hurdles like the sliding price of crude oil have caused only momentary ripples in some sectors.

$200 Billion In Oil Projects Cancelled, Nearly A Third In Canada

The Huffington Post Canada | Daniel Tencer | Posted 07.27.2015 | Canada Business

Worst oil price crash in 45 years, Morgan Stanley says Nearly one-third of $200B in cancelled projects are in Canada Energy industry now a d...

Cheap Oil, Pricey Gas ‘A Lose-Lose Situation': BMO

The Huffington Post Canada | Daniel Tencer | Posted 07.22.2015 | Canada Business

There was supposed to be a silver lining to the oil price collapse that has devastated Western Canada’s economy. Lower energy prices would lead to l...

Oil Patch Puts On Brave Face As Prices Slide Again

CP | Lauren Krugel, The Canadian Press | Posted 07.07.2015 | Canada Business

CALGARY - With oil prices drifting closer to US$50, energy executives in downtown Calgary are trying to stay positive.Apart from the crude drop and st...

A Look At Canada's Oil Sector Before And After The Collapse

CP | Lauren Krugel, The Canadian Press | Posted 05.19.2015 | Canada Alberta

In June 2014, the U.S. benchmark crude price averaged US$105.79 a barrel. By January of this year, it had shrivelled to just US$47.22.

Oil Price War 'Has Just Started'

The Huffington Post Canada | Daniel Tencer | Posted 05.13.2015 | Canada Business

For those hoping that the recent run-up in oil prices means the end of Western Canada’s economic pain, the International Energy Agency has bad news:...

Alberta Oil Has Soared 80% Since March

CBC | Posted 05.12.2015 | Canada Business

The price of heavy oil from Canada's oilsands has quietly rebounded by 77 per cent in the past six weeks, far better than the comeback in other...

5 Things We Can Expect To Learn From The Oil Patch Next Week

CP | Lauren Krugel, The Canadian Press | Posted 06.24.2015 | Canada Alberta

CALGARY - This coming week the toll of weak oil prices will be thrown into stark relief as some of Canada's biggest energy names report first-quarter ...

Fear Of An Oil-Price ‘Contagion'

The Huffington Post Canada | Daniel Tencer | Posted 03.29.2015 | Canada Business

‘Unbelievable’ decline in oil drilling could impact banks, construction Cost-cutting budgets in Alberta, Quebec will reduce economic growth...

Oil Prices Won't Bounce Back Anytime Soon: Conference Board

CP | Lauren Krugel, The Canadian Press | Posted 05.25.2015 | Canada Business

CALGARY - The Conference Board of Canada delivered bad news Wednesday for those hoping the pain from the latest crude oil downturn will subside any ti...

Oil Prices Aren't Done Falling: IEA

CP | The Associated Press | Posted 03.13.2015 | Canada Business

NEW YORK — Oil prices have further to drop with no signs of slowing production in the U.S., according to a global energy agency. The Internationa...

Oilsands Face $121 Billion In Lost Cash If Prices Stay Low

The Huffington Post Canada | Daniel Tencer | Posted 02.25.2015 | Canada Business

The amount of money flowing into Canada’s oilsands will drop by nearly two-thirds in the next few years, but prices are just high enough to keep pro...

Poloz Unsure Of Oil Crash's Impact .. But Debt Will Rise

CP | Terry Pedwell, The Canadian Press | Posted 04.26.2015 | Canada Business

LONDON, Ont. - The impact of lower oil prices and how much they will hurt Canada's economy remains unclear, but last month's surprise rate cut gives t...

Commodity Prices Hit 8-Year Low

CP | Posted 02.23.2015 | Canada Business

TORONTO — Scotiabank's monthly index of commodity prices has plunged to its lowest since January 2007. The bank says global economic conditions a...

Oilsands Face ‘Death Spiral' If They Don't Cut Costs: Laut

The Huffington Post Canada | Daniel Tencer | Posted 02.20.2015 | Canada Business

As the world’s oil glut continues to build, wiping out hopes of a price recovery, the head of one of Canada’s largest oilsands operators is warnin...

Tumbling Oil Prices Draining ISIL War Chests

CP | The Canadian Press | Posted 03.24.2015 | 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 03.24.2015 | 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 03.22.2015 | 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...