Highlights / oil prices

Economy, Politics

Alberta orders 8.7% oil production cut

Premier Rachel Notley is ordering Alberta’s oil industry to cut production by 8.7 per cent, saying the measure is needed to end “the economic and fiscal insanity” of selling Albertan crude at steep discounts compared with the North American benchmark. »


Low oil prices drag down Canadian dollar

The Canadian dollar dipped to a 12-year low on Wednesday morning, pushed below 71 cents U.S. by low oil prices and interest rate differences with the Federal Reserve. Early Wednesday, the loonie was trading at 70.90 cents U.S., down 0.55 »

Economy, Environment & Animal Life, International, Internet, Science & Technology, Society

Oil hits six-year low as gas prices rise in Canada

Oil prices hit their lowest point since March 2009 this morning, with the crude contract for the North American benchmark known as West Texas Intermediate falling to $41.35 US a barrel. By the end of the day, WTI ended down again from »

Economy, Politics

PM Harper on falling oil prices, Bank of Canada rate cut

On Thursday (January 22) Canada’s Prime Minister Stephen Harper said he continues to be optimistic about the Canadian economy despite falling oil prices, and a overnight rate cut by the Bank of Canada. The day before, the Governor of the »