Commodity Prices

• Surging commodity prices lead to spike in Alberta utility bills

  Homeowners who haven't locked into fixed contracts for their natural gas and electricity are reporting huge increases in their bills this winter.

  Economy

  Feb 18, 2022
  
• Canadian 2021 drilling forecast rises due to higher commodity price expectations

  The improved outlook is consistent with other recent signs of optimism in the gloomy oil patch.

  Canada

  Jan 28, 2021
  
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• Conference Board of Canada expects 5% decrease in Saskatoon’s GDP growth

  A report forecasts Saskatoon’s GDP growth to drop 4.9 percentage points compared to 2019, making it the third worst-hit city behind Calgary and Edmonton.

  Economy

  May 13, 2020
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• Teck Resources exits energy industry group CAPP, citing cost cutting

  Teck Resources is leaving the Canadian Association of Petroleum Producers, an industry organization whose members represent about 80 per cent of Canada's oil and gas production.

  Economy

  May 1, 2020
• Calgary-based Vermilion Energy posts $1.3B loss on oil and gas assets writedown

  A $1.2-billion writedown in the value of its oil and gas assets around the world due to low global commodity prices resulted in a first-quarter net loss of $1.3 billion or $8.42 per share for Vermilion Energy Inc., the energy producer announced Tuesday.

  Money

  Apr 28, 2020
• Alberta oil sector hopeful as OPEC, allies agree to production cuts

  Following dispute between Saudi Arabia and Russia in March, OPEC ramped up production. As a result, commodity prices collapsed.

  Apr 9, 2020
• Alberta Court of Appeal upholds Redwater Energy decision

  A court decision that gave secured creditors priority over environmental cleanup in the case of bankrupt Redwater Energy Corp. has been upheld by the Alberta Court of Appeal.

  Money

  Apr 25, 2017
• Less hiring planned after 65% of oil and gas companies trim staff: survey

  The annual survey found that 28 per cent of energy sector employers expect to hire fewer people in 2017 than in 2016, while 15 per cent expect some growth and about half predict stability.

  Consumer

  Nov 29, 2016
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• Canada’s competitiveness slips to worst ranking in several years

  Canada has fallen to 10th place in the latest rankings of business competitiveness by the IMD World Competitiveness Center, its worst position in several years.

  Canada

  May 30, 2016
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• Stock markets lower, loonie stalled at 77 cents US

  The Toronto stock market turned modestly lower and the loonie fell against the greenback Friday, while markets south of the border took a beating despite positive retail sales data for April.

  Canada

  May 13, 2016