20 March

In Edmonton on Wednesday, Premier Jason Kenney, seen here on March 12, 2020, said Albertans need to prepare for a period of economic adversity ‘unlike any we have seen since the 1930s.’ Sean Kilpatrick/The Canadian Press The price for a barrel of Canadian heavy oil dipped below US$8 on Wednesday. That’s less than takeout for […]

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20 March

The one-two punch of the COVID-19 outbreak and the Saudi-Russia oil price war has battered the S&P/TSX Composite Index in March. Oil stocks have sustained the heaviest losses over the course of this violent market pullback. The price of Western Canadian Select fell to its lowest level on record this week, which has cast a […]

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20 March

The federal government of Canada is preparing a multibillion dollar financial aid package for the oil and gas industry and could announce it as soon as next week, the Globe and Mail reports , citing unnamed sources. Among the measures discussed were access to more credit, especially for smaller businesses, and job creation for the […]

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20 March

See Full Stock Page » The Canadian dollar has looked over the abyss and stepped back, pulled between an historic drop in oil prices and the possibility of an economic rebound later in the year. The coronavirus pandemic, a collapse in Canadian crude to a record low and the rush to U.S. dollars sent the […]

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18 March

Canadian Prime Minister Justin Trudeau said on Wednesday his government would provide C$27 billion ($18.6 billion) in direct support to families and businesses struggling because of the coronavirus outbreak, and stood ready to do more. It was his biggest move yet to combat the economic impact of the fast-spreading virus, which has infected some 700 […]

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18 March

The Canadian oilpatch absorbed yet another gut punch on Wednesday, as the price of Western Canadian Select Crude plummeted as much as 37 per cent during intraday trading under US$10 a barrel for the first time, raising questions about how long the sector can survive in such an environment and how many more blows are […]

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18 March

Credit: REUTERS/MARK BLINCH (Adds details throughout and updates prices) * Canadian dollar weakens 2.2% against the greenback * Price of U.S. oil plunges 17% * Ottawa plans C$27 billion in fiscal stimulus * Canadian CPI rises 2.2% year-over-year in February By Fergal Smith TORONTO, March 18 (Reuters) – Canada’s main stock market fell 6% on […]

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18 March

A pumpjack works at a well head on an oil and gas installation near Cremona, Alta. Canadian businesses are unlikely to either benefit or suffer from increased Russian oil activity in the Arctic. (Jeff McIntosh/The Canadian Press) Oil prices dropped dramatically on Monday and Canadian energy companies were sold off hard, meaning an already bruised […]

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18 March

peterspiro via Getty Images This stock photo shows a close-up of the top half of a Canadian one dollar coin. The Canadian dollar fell to 68.8 cents U.S. in Wednesday morning trading, down more than a cent and a half U.S. to its lowest levels in decades. With the exception of a brief dip in […]

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13 March

OTTAWA — Canada is weighing a multi-billion dollar aid package for industries hit hardest by the coronavirus outbreak, such as the tourism, energy and hospitality sectors, a source directly familiar with the matter said on Friday. Such an aid package would help Canada’s 10 provinces take their own action to provide relief for families, workers […]

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