It’s been a really tough year for oil nations around the globe, but nearly no one has had it worse than poor Canada. On that infamous day, April 20th, when oil prices plunged below zero in a historic bottoming-out thanks to an oil glut, OPEC+ price war, and absolutely demolished demand due to the pandemic, Canadian oil prices actually dipped into the negatives hours before the West Texas Intermediate crude benchmark followed suit. Even before Black April, as some have started to call it, Canadian oil had hit a rough patch.
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Canada’s oilfield services industry is heading into the critical winter drilling season with one bright light emerging on a relatively bleak horizon: natural gas.
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The COVID-19 pandemic has first-time homebuyers leaning towards fixed rate mortgages and many will look to family for financial help, according to a survey released Thursday by BMO.
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The benchmark price of Canada’s oil sands is expected to strengthen next year amid lower supplies of Mexican heavy crude oil to the United States, BMO Capital Markets said in a report carried by Bloomberg.
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Prices of new homes surged across the nation in September, the largest jump in 14 years, according to Statistics Canada.
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Retail sales rose 0.4 per cent to $53.2 billion in August—the fourth consecutive monthly increase since the record decline in April, according to a report released Wednesday by Statistics Canada.
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OTTAWA — Canada’s headline inflation measure went up in September by 0.5 per cent compared with a year ago, a better-than-expected increase, but one that experts say won’t sway the Bank of Canada’s stimulus measures.
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CALGARY – Homeowners across the country are spending big bucks to upgrade or enlarge their homes as the reality sinks in that many workers won’t be heading back to the office any time soon due to the ongoing COVID-19 pandemic.
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In September the Teranet–National Bank National Composite House Price Index was up 1.1 per cent from the previous month, the second-biggest gain for a month of September in the 22 years of the composite index, according to data released on Tuesday.
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It’s the beginning of Small Business Week in Canada but many entrepreneurs continue to struggle due to the COVID-19 pandemic.
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