Low oil price doesn't change Canada's westward shift, France saysThe Globe and MailNow, four months later, oil prices are hovering around $50 and Alberta's economy is expected to contract, not grow, this year. And the French still think they ha …
Crude collapse leads to layoffs, public spending cuts in Canada's oil patchThe Globe and MailThe collapse in global crude prices is exacting a heavy toll on Canada's oil patch and governments, with industry layoffs now mounting into the thousands a …
TIMEOil Extends Gains From 6-Year Low; Strike Boosts GasolineBloomberg(Bloomberg) -- Oil extended a surge from the lowest level in almost six years on speculation some investors are buying contracts to close out bearish bets. Gasoline rose as a refinery st …
CBC.caOil matters until it doesn't, says Ottawa. That's not Alberta's viewCBC.caOil matters — until it doesn't. It mattered a lot in June of last year, a short seven months ago. Joe Oliver, the federal finance minister stood at a podium in …
The NationalSaudi Arabia to stay the course on oilThe NationalThe world's largest exporter of crude oil is likely to continue its position of not cutting oil production to buoy falling prices while maintaining government spending to boost growth, say i …
Christian Science MonitorLow oil prices chill a once-hot oil town in North DakotaChristian Science MonitorCrosby, N.D. — An empty strip of gravel – lined with streetlights and unused utility hookups – runs next to the highway, south of a once-booming oil t …
Toronto StarTories eyeing manufacturing in federal budget amid falling oil pricesThe Globe and MailThe Conservative government is considering a strong focus on the manufacturing sector in the upcoming budget, part of a general shift in attention towards On …
The EconomistNorth Sea oil and gasThe EconomistSHINY new hotels are still going up in the capital of Britain's oil and gas industry, on the rainswept north-east coast of Scotland. Together with posh shops and clogged roads, they hint at the prosperity …
Toronto StarStephen Harper plays down economic damage from oil price crashToronto StarHe said the impact of the oil price decline will be significant but added that the Bank of Canada's action does not indicate that the Canadian economy is in worse sha …
CBC.caJoe Oliver says $1.6B surplus takes falling oil prices into accountCBC.caFinance Minister Joe Oliver says the government is confident it can balance the next federal budget without scaling back on new tax measures and still turn up a small surplus, d …