What will it take for Canada’s economy to recover? The Canadian dollar is likely to gain over the coming year if a potential economic recovery from the coronavirus crisis boosts stocks and the price of oil, assets closely tracked by the currency, toward pre-pandemic levels, a Reuters poll showed. Trading at about 1.358 per U.S. […]
Read More(Reuters) – Canada’s main stock index inched higher on Thursday, helped by gains in energy stocks on higher oil prices, while a jump in monthly exports and a record pace of U.S. jobs growth also bolstered sentiment. The U.S. economy created jobs at a record clip in June as more restaurants and bars resumed operations, […]
Read More* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=CAD= poll data TORONTO, July 2 (Reuters) – The Canadian dollar is likely to gain over the coming year if a potential economic recovery from the coronavirus crisis boosts stocks and the price of oil, assets closely tracked by the currency, toward pre-pandemic levels, a Reuters poll showed. Trading at about 1.358 per U.S. […]
Read MoreBy Fergal Smith TORONTO (Reuters) – The Canadian dollar is likely to gain over the coming year if a potential economic recovery from the coronavirus crisis boosts stocks and the price of oil, assets closely tracked by the currency, toward pre-pandemic levels, a Reuters poll showed. Trading at about 1.358 per U.S. dollar, or 73.64 […]
Read More(Reuters) – Canada’s main stock index futures rose on Thursday, helped by higher oil prices and as investors awaited the monthly U.S. jobs report for signs of an economic rebound following the easing of coronavirus-led lockdowns. The U.S. Labor Department’s employment report is likely to show record growth in jobs in June, although a surge […]
Read MoreGlass piggy bank When you start investing, the amount you save is much more important than the return on investments. While it is ideal to generate hefty returns each year, you should not discount the power of compounding over the long term. The Canadian government introduced the TFSA (Tax-Free Savings Account) back in 2009 to […]
Read MoreConocoPhillips said it will begin restoring curtailed oil production in July as crude prices rebound from their lockdown depths. The company will bring back output in Alaska and other states next month, with Canadian production coming back in the third quarter. “Given ongoing variability and uncertainty in the outlook for production curtailments, the company will […]
Read MoreHOUSTON (Bloomberg) – ConocoPhillips said it will begin restoring curtailed oil production in July as crude prices rebound from their lockdown depths. The company will bring back output in Alaska and other states next month, with Canadian production coming back in the third quarter. “Given ongoing variability and uncertainty in the outlook for production curtailments, […]
Read MoreCALGARY, Alberta, June 29, 2020 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“ Cardinal ” or the “ Company “) (TSX: CJ) has received approval to extend the revolving period applicable to the Company’s existing reserves-based credit facility to July 15, 2020. The credit facility continues to be available, on a revolving basis, until that date. […]
Read MoreJune 30 (Reuters) – Canada’s main stock index futures fell on Tuesday, dragged down by weaker oil prices on the back of rising coronavirus cases and simmering U.S.-China tensions. A possible return of Libyan oil production, which has been down to a trickle since the start of the year, also hurt crude prices. September futures […]
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