02 December

Pumpjacks pump crude oil near Halkirk, Alta., June 20, 2007. (Larry MacDougal/THE CANADIAN PRESS) Alberta’s premier will announce Sunday evening whether the province will temporarily cut its oil production to try and reverse the price drop that has seen Alberta crude sell for significantly less than the world price. Premier Rachel Notley may have hinted […]

Read More
02 December

The Husky Energy oil spill in Newfoundland is a wake-up call for British Columbians as the National Energy Board conducts yet another review of the Trans Mountain expansion project. The east coast spill brings into sharp focus significant questions regarding the limitations of oil spill cleanup and recovery. It’s also a reminder of the very […]

Read More
02 December

Canadian Dollar Fundamental Forecast: Neutral Have a question about what’s in store for Canadian Dollar next week? Join a DailyFX Trading Q&A Webinar to ask it live! The Canadian Dollar continued being pressure against the US Dollar as we headed towards the end of the week. This has generally been the trend since October amidst […]

Read More
02 December

TORONTO — Canada’s main stock index closed the month on a slightly positive note Friday even though the energy sector was hit by a 22 per cent drop in crude oil prices in November, the worst month in more than a decade. Despite weaker Canadian growth in third-quarter economic activity and consumer spending, and a […]

Read More
02 December

Alberta Premier Rachel Notley says her government will buy rail cars to move Alberta oil to market. (Jason Franson/Canadian Press) Alberta Premier Rachel Notley said today her government is only weeks away from finalizing a purchase of rail cars to move oil and help close massive price gaps that have short-changed government coffers and Canadian […]

Read More
02 December

Finance Minister Joe Ceci releases the government’s 2018-19 first quarter fiscal update and economic statement on Friday, Aug. 31, 2018 in Edmonton. Finance Minister Joe Ceci is planning to provide a fiscal update Friday on the heels of a provincial plan to buy rail cars in an attempt to reduce the brutal oil differential. Earlier […]

Read More
02 December

EDMONTON – Premier Rachel Notley says a decision on whether or not to curtail oil production will be announced Sunday and if her op-ed in the Edmonton Journal is any indication, production could be put on pause. Notley wrote in the op-ed the “natural inheritance of every person in this province is being sold for […]

Read More
02 December

A firefighter walks by rubble at the oil train crash site in Lac-Mé​gantic, Que., July 14, 2013. As record amounts of crude are moved by rail, an internal memo from Transport Canada warns of the continuing risks of crew fatigue. (Jacques Boissinot/Canadian Press) An internal Transport Canada document warns of the safety risks posted by […]

Read More
02 December

Record low Canadian oil prices risk deteriorating significantly cash flows and key credit metrics at Canada’s oil and gas producers, rating agency DBRS said on Wednesday in the latest warning that the ultra-cheap Western Canadian crude is taking its toll on Alberta’s oil industry and economy. Severe takeaway capacity constraints have resulted in Western Canadian […]

Read More
02 December

FORT ST. JOHN, B.C. – The British Columbia Oil and Gas Commission is investigating a series of earthquakes that one expert says were very likely caused by hydraulic fracturing, a fuel extraction process also known as fracking. Earthquakes Canada reported a 4.5 magnitude quake just before 5:30 p.m. Thursday that was felt in Fort St. […]

Read More