CTV NewsOil's fall puts Ottawa on path to deficit, budget watchdog saysThe Globe and MailMr. Fréchette and his staff released a detailed report Tuesday that analyzes the positive and negative impacts of lower oil prices and lower inflation on federal r …

The GuardianAs Oil Prices Sink, BP Freezes Workers' WagesNew York TimesEven before oil prices began falling, BP had been paring back on operations in a reorganization to enable the company to meet financial and legal obligations arising from the 2010 D …

CTV NewsOil's fall could cost Ottawa $8.2-billion, budget watchdog saysThe Globe and MailLow oil prices will reduce federal revenues by as much as $8.2-billion this year and could put Ottawa on track for a small deficit even after using up all of the c …

The Other Products Falling Oil Prices Are Making CheaperYahoo! Maktoob NewsIn the past six months, the price of oil has plunged more than half, from more than $100 a barrel to less than $50. That's devastating for the Russian economy and energy compani …

The Other Products Falling Oil Prices Are Making CheaperYahoo!7 NewsIn the past six months, the price of oil has plunged more than half, from more than $100 a barrel to less than $50. That's devastating for the Russian economy and energy companies, but …

CNBCSiemens Profit Down 25% on Weak Economy and Lower Oil PricesNew York TimesFRANKFURT — Siemens, the German engineering and electronics company, said on Tuesday that profit fell 25 percent in its first quarter as sales to the energy industry slumped, a s …

Times ColonistBlame oil: Opportunistic thinking amid the price collapseThe Globe and MailEven though commodity prices matter much more to the provinces, which are where oil and gas royalties accrue, Mr. Oliver knows a gift horse when he sees it. Ottawa&#39 …

CBC.caQuick oil rebound unlikely as industry adjusts to new realityThe Globe and MailFor Alberta's unnerved oil sands producers, Joe Oliver's soothing words were just want they wanted to hear: markets will rebound and the industry and province will …

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 …

CBC.caCheap oil could be good for Canada, Royal Bank saysCBC.caPerhaps an era of cheap crude won't be so bad for Canada after all. A new bank forecast argues the financial blows of low oil prices on the Canadian economy could be more than cancelled out …