Tag: News/Business

While record low oil prices are costing the vast majority of companies money on every barrel they produce, the natural gas sector is optimistic that 2020 could turn out to be a pretty good year. In short, all of the problems plaguing the…

U.S. President Donald Trump on Thursday said he had spoken to Saudi Crown Prince Mohammed bin Salman and that he expects Saudi Arabia and Russia to cut oil output by 10 million to 15 million barrels per day, as the…

Cenovus Energy Inc. is temporarily suspending its dividend and cutting its capital spending plan by an additional $150 million on top of a reduction announced last month. The company says the additional steps are in response to the low global…

Finance Minister Bill Morneau made it clear to a Senate committee how dire the financial situation is in the oilpatch and how quickly his government is ready to act to provide some sort of relief to the beleaguered sector to keep companies…

With the energy sector still reeling from weeks of economic turmoil, Alberta’s United Conservative government announced Tuesday it is throwing its financial heft behind the long-delayed Keystone XL pipeline. The investment of $1.5 billion, plus a $6-billion loan guarantee, aims to accelerate construction of the massive project and was…

After several weeks of speculation about when the oilpatch would take significant steps in response to record low oil prices, companies in Western Canada are now beginning to pull back on oil production and layoff workers. Heavy oil prices in…

TC Energy Corp. said on Tuesday it would proceed with the construction of the long-delayed $8 billion US Keystone XL pipeline project after getting a $1.1 billion US equity investment from the Alberta government. The investment from the Western Canadian…

The benchmark price for a barrel of North American oil dipped below $20 US on Monday morning, the first time that’s happened in 18 years. West Texas Intermediate was at one point changing hands for as low as $19.92 a…

While it may be easier than most for farmers to self-isolate in their tractors and farmyards, they too are unable to hide from the widespread impacts of the coronavirus. Just as stock markets have plunged, so too have prices for many…

The black swan has landed.  The novel coronavirus pandemic is well underway worldwide, but it wasn’t until this month that Canadians started coming to grips with the economic pain it can bring, in addition to its heavy human toll. Economists…