Oil Output
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As world scrambles for oil, Canadian producers reluctant to spend on growth'These geopolitical situations, as fast as (price) goes up, as fast it can go down,' CNRL president Tim McKay said. 'It's very volatile, so you have to manage to those cycles.'MoneyMar 3, 2022
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Husky Energy to buy U.S. refinery for $435 millionA US$435-million deal to buy a refinery in Wisconsin will allow Husky Energy to match processing capacity with its growing heavy oil output while postponing a planned asphalt plant expansion in Alberta.EconomyAug 14, 2017
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Loonie reaches 3 week high amid upbeat global economyThe Canadian dollar strengthened to a near three-week high against its U.S. counterpart on Wednesday, together with gains for other commodity-linked currencies after upbeat global economic data.CanadaJan 4, 2017
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Oil prices hit 18-month high as OPEC output deal kicks inOil prices hit 18-month highs on Tuesday buoyed by hopes that a deal between OPEC and other big oil exporters to cut production will drain a global supply glut.MoneyJan 3, 2017
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OPEC, non-OPEC agree first global oil pact since 2001OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut.Dec 10, 2016
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OPEC oil output hits record numbers amid deal to cut supplyOPEC's oil output set another record high in November ahead of a deal to cut production.CanadaDec 5, 2016
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Oil tops $55 a barrel for 1st time in 16 monthsBrent futures, the global benchmark used to trade oil, soared to their highest since July 2015 at $55.33 a barrel.ConsumerDec 5, 2016
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Canadian dollar hits 6-week high as oil, jobs climbThe Canadian dollar notched a six-week high against its U.S. counterpart on Friday as domestic jobs rose for the fourth straight month and oil climbed, sustaining strength since OPEC's decision midweek to cut crude output.CanadaDec 2, 2016
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Here’s why oil prices, the Canadian dollar and stock markets are all upThese positive trends are somewhat obvious to economists – but not so much to the average Canadian. Here is the low-down on why oil prices, the Canadian dollar and markets are trending upwards:CanadaDec 1, 2016
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Canadian dollar hits three-week high as oil surgesThe Canadian dollar strengthened against its firmer U.S. counterpart on Wednesday as oil prices jumped on prospects of an OPEC output cut.CanadaNov 30, 2016
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