Crude Prices

• Couche-Tard says consumers better positioned to absorb fuel prices than ’08 recession

  CEO Brian Hannasch said it's going to take a quarter or so to measure the fallout, but a relatively short-term shock shouldn't have a meaningful impact on consumer behaviour.

  Consumer

  Mar 16, 2022
  
• Premier Kenney warns municipalities it’s too soon to be spending soaring oil revenues

  Kenney says oil revenues that are soaring can just as quickly fall, and the government needs to be prudent in its funding decisions.

  Economy

  Mar 10, 2022
  
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• Suncor CEO signals caution about restarting oil output as economy recovers

  Suncor CEO Mark Little says he won't "bet the financial health'' of the company on the nascent recovery, listing a host of risks including the possibility of a second wave of virus outbreaks.

  Canada

  Jul 23, 2020
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• Fire prompts largest oil refinery on East Coast to permanently close

  The Pennsylvania refinery will stop producing 335,000 barrels of crude oil a day after two fires within a month.

  World

  Jun 26, 2019
• Oil price rise not enough to boost Canadian oilpatch spending: energy analysts

  Energy analysts say a recent surge in oil prices will boost the bottom line of Canadian oil and gas producers, but remains well below the minimum level needed to encourage increased investments in the oilsands or conventional oil and gas.

  Canada

  Sep 28, 2017
• Oil prices soar lifting Canadian dollar to four-week high

  The Canadian dollar strengthened the most in nearly four weeks against its U.S. counterpart on Wednesday as oil prices soared on a deal by major oil producers to limit output.

  Canada

  Sep 28, 2016
• Oil prices tick higher in volatile trading

  Oil prices rose more than 2 per cent in volatile trade on Wednesday.

  Money

  Sep 28, 2016
• Price of oil settles above US$50 for 1st time in almost a year

  The July benchmark contract for West Texas Intermediate crude closed at US$50.36, the first time it has settled above the US$50 mark since last July.

  Economy

  Jun 7, 2016
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• Loonie gains ground, reaches 9-month high as oil prices bounce back

  The Canadian dollar was up 0.97 of a cent at 79.11 cents US in late morning trading, its highest level since July 2015.

  Economy

  Apr 19, 2016
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• IMF cuts Canadian, global growth forecasts

  Slowing growth in global oil exports, low crude prices and weak demand for non-oil commodities were identified as factors.

  Economy

  Apr 12, 2016