Alaska Faces Lean Budget Times as Oil Prices PlungeABC NewsAfter years of being flush with oil money, Alaska now faces drastic budget cuts and having to dip into well-stocked savings to offset unprecedented deficits exacerbated by an unexpected plunge in o …

CBC.caTSX shoots higher for 2nd day as oil prices stabilizeCBC.caOil is half the price it was six months ago, and that steep drop has weighed on Canadian stocks. A halt to the slide in oil prices would be welcome in Alberta, where resource industries are r …

CBC.caTSX ends 172 points higher as oil prices stabilizeCBC.caOil is half the price it was six months ago, and that steep drop has weighed on Canadian stocks. A halt to the slide in oil prices would be welcome in Alberta, where resource industries are reco …

CBC.caOil slides below $48, dragging TSX down another 145 pointsCBC.caThe price of a barrel of oil continued its slide on Tuesday, losing more than $2 to trade below $47.89 US a barrel. The crude drop dragged energy stocks on the TSX lower too. The S&P …

CBC.caOil tumbles to new low near $48CBC.caCrude is being driven lower because of oversupply, as the U.S. now produces far more oil than it used to because new technology has flooded the market with shale oil. So much oil, in fact, that the world is curren …

CBC.caRail companies poised to keep on chugging despite oil swoonCBC.caBut even with oil prices falling off a cliff, industry analysts and railroad executives point out that crude shipments still make up just a sliver of the overall freight delivered by ra …