Oil Prices Canada

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 11.28.2014 | 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 11.11.2014 | 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 10.31.2014 | 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 10.30.2014 | 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 10.22.2014 | 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 10.20.2014 | 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...

Oil Prices Are Diving. Is That Good Or Bad For Canada?

The Huffington Post Canada | Daniel Tencer | Posted 10.10.2014 | Canada Business

Oil prices are coming down fast, and analysts say that’s bad news for Canada’s oil-producing provinces. But what’s bad news for the drillers is ...

Why Not Everyone's Happy to See the Bitumen Bubble Burst

Jeffrey Rubin | Posted 09.24.2013 | Canada Business
Jeffrey Rubin

The grim news is that we've gone from bad to worse when it comes to how we move oil around North America. With oil prices now back in triple-digit territory, there is, at least, a glimmer of hope. The same high prices that are spurring producers to load crude on to train cars are about to, once again, curb our appetite for the fuel.

Oil Price Gap Draining Billions Out Of Economy: Study

CBC | Posted 02.12.2013 | Canada Business

The wide gap between oil’s global benchmark price and what Canadian producers can get for their oil is costing Canada $2.5 billion a month, accordin...

Rising Oil Prices A Double Loss For Canadians: Carney

CP | Posted 04.05.2012 | Canada Business

OTTAWA -- The recent run-up of oil prices is not bringing the usual benefits for the economy and an enduring or pronounced spike will hurt consumers, ...

LIVE UPDATES: Markets' Wild Monday

CP | Christian Cotroneo | Posted 10.08.2011 | Canada Business

OTTAWA - Fear gripped financial markets Monday as the fallout of a downgrade of America's credit worthiness crushed stocks and investors seeking safet...