Low Oil Prices
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Calgary-based Trican Well Service cuts jobs, salaries as low oil prices stall drilling plansTrican Well Service says it has cut its employee costs by half through salary reductions, layoffs and job sharing in reaction to a severe slowdown in drilling activity due to low oil prices.CanadaApr 6, 2020
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Oilsands companies in the red as blended bitumen price dips below $4 per barrelOilsands producers are likely losing money or barely breaking even as prices for Western Canadian Select bitumen-blend crude dipped as low as US$3.82 per barrel on Monday, analysts said.MoneyMar 30, 2020
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Calgary-based Bonterra Energy slashes monthly dividend to a penny as oil prices fallBonterra Energy Corp. is slashing its monthly dividend to a penny per share due to the drop in oil prices.MoneyNov 29, 2018
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Big banks more open to making loans to oil industry but activity is a ‘long way from healthy’"There is a stratification, in that the banks appear to be pretty comfortable with mid-market and up but are still being pretty tight with smaller companies."MoneyFeb 20, 2017
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Weak dollar spurs U.S. travelers to book up Alberta, BC back-country getawaysA spike in tourism numbers in Banff, driven by the low Canadian dollar, is spreading west beyond the Rockies, including into the backcountry.CanadaJan 28, 2016
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JobJar links unemployed Calgary energy workers with homeowners needing repairsA new business will help homeowners hire unemployed oil and gas workers with home improvement skills, for handyman-type jobs around the house.CanadaJan 19, 2016
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Notley sympathetic to energy woes but no short-term lifelines contemplatedAlberta Premier Rachel Notley says she sympathizes with the plight of energy companies and their employees due to low oil prices, but her government isn't in a position to offer any short-term lifelines.Oct 30, 2015
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N.L. to face pressure from lower oil; Alta, Sask have more leewayNewfoundland and Labrador is expected to have a tougher time weathering low oil prices than its resource-rich brethren in the West, according to a new report by Moody's Investors Service.CanadaNov 18, 2014
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