Plunging Oil
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Alberta unemployment hits 9%, highest in 22 yearsMore jobs were lost and more Albertans were looking for work in November, pushing the unemployment rate to the highest its been in over 22 years.CanadaDec 2, 2016
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Oilpatch stability rises as weaker ‘troubled children’ firms have already failedMergers and acquisitions experts are predicting fewer Canadian oil and gas companies will go bust over the next year as most of the "troubled children" of the industry have already failed or been sold.CanadaNov 28, 2016
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Canadian dollar hits two-week low amid falling oil pricesThe Canadian dollar weakened to a two-week low against its U.S. counterpart on Monday as oil fell.ConsumerAug 29, 2016
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Western Canada drilling rights sales go from boom to bustFive years after Alberta raised a record-setting $3.5 billion at auctions of provincially owned oil and gas drilling rights, sales are on pace this year to set a historic low.CanadaAug 12, 2016
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Precision Drilling Q2 loss doubles, oil company’s revenue down 51%Precision Drilling Corp.'s second-quarter loss nearly doubled to $58 million as revenue dropped 51 per cent from a year earlier.MoneyJul 21, 2016
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Canada’s oilpatch predicted to see another year of lossesA pair of forecasts released Thursday see little in the way of good news for Canada's ailing oil and gas sector.CanadaApr 28, 2016
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Cenovus reports $118M Q1 loss, staff down 31% compared to 2014Cenovus Energy Inc. reported a first-quarter loss of $118 million as it said its cost-cutting plan was on track.MoneyApr 27, 2016
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Alberta finance minister says $10.4B deficit serious but manageableAlberta Finance Minister Joe Ceci says Thursday's budget will not only contain a huge deficit, but also a plan on how to dig out of it.CanadaApr 13, 2016
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Why laid-off oil workers could face a bigger income tax bill at homeWhen times were good, Canadians moved from across the country to the oilpatch in Alberta looking for work. Now some are leaving and could face a higher income tax bill at home.CanadaApr 8, 2016
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Canadian oil & gas spending down 62% since 2014 record highCanada's oil and gas sector is on track to have the biggest two-year decline in capital spending in its history.MoneyApr 7, 2016
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