World’s Cheapest Crude Hits Record Low as Oil Slump Deepens
A deepening oil market slump is adding fresh pain for producers of the world’s cheapest crude as the Canadian heavy grade reached a record low, raising the prospect of more Continue Reading
Exports, Oil Rebound No Panacea for Canada, Bank Economists Say
New year, new start for Canada? Not so fast. The troubles that plagued the Canadian economy last year are going to persist through 2016 , but things may be a Continue Reading
Syncrude’s oil sands output down 26 percent in December
Crude oil production at Syncrude Canada’s oil sands operation averaged 238,800 barrels per day (bpd) in December, down 26 percent from November, the joint venture’s largest-interest owner, Canadian Oil Sands Continue Reading
Suncor Energy Doesn’t Rule Out Raising Bid for Canadian Oil Sands
Canadian Oil Sands holds the largest stake in the Syncrude oil-sands mining consortium. Canadian Oil Sands shareholders have until Friday to accept Suncor’s offer of 0.25 of a share for Continue Reading
Real-Estate Blues Bring 6th Straight Drop in Canada Confidence
Canadians are starting to lose faith in their housing market. A gauge of real-estate sentiment dropped by the most in three years last week, according to telephone polling by Nanos Continue Reading
In Canada’s far north, warm weather threatens vital ice road
Wild blueberries and lichen grow on the tundra at the Kennady Diamonds exploration camp in the Northwest Territories in this picture taken September 25, 2015. Each winter, in the far Continue Reading
Calgary Woes Spread as Oil Patch Spending Cuts Deepen in 2016
Crime is rising, home prices are falling and food banks are overwhelmed in Calgary as job losses spread. And the worst isn’t yet over in the heart of Canada’s oil Continue Reading
Trudeau says sensitive rain forest no place for an oil pipeline
Canadian Prime Minister Justin Trudeau reiterated his opposition to advancing with crude oil pipelines that have riled some members of the activist community. Trudeau came to power in October, touting Continue Reading
More than One-Third of Canadian Oil, Gas Cos. Expect Less Staff in 2016
Edging closer to the end of a tough year for the Canadian oil and gas industry, companies are looking ahead to – what many hope – will be at least Continue Reading
Canada Dollar Drops as Economy Unexpectedly Shrinks in September
The Canadian dollar weakened against most of its major peers as the economy unexpectedly contracted in September, suggesting the country’s rebound from a first-half recession may be short-lived with crude Continue Reading