Russia, Saudi Arabia could cap oil production

Tue, Feb 16: Russia and Saudi Arabia have struck a landmark, but preliminary deal to freeze oil output at January levels. They hope holding supply will drive up oil prices, but the deal is far from done. Vassy Kapelos looks at whether the agreement and a jump in the price of oil could help Canada’s ailing economy.

• Russia, OPEC ‘deal’ to freeze production unlikely to boost prices