Markets & Investment

​Former Alberta politician who gave seat up for Kenney gets Texas appointment

Wednesday, July 8, 2020, 6:45 AM MDT

A former Alberta legislature member who gave up his seat for Alberta Premier Jason Kenney has a new government job…

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​N.L. judge says extension of offshore drilling licence unreasonable

Tuesday, July 7, 2020, 4:29 PM MDT

Environmental groups are celebrating after the Newfoundland and Labrador Supreme Court ruled the province's oil and gas board acted unreasonably…

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​The one-time heart of shale may never boom again with Dakota Access shut

Tuesday, July 7, 2020, 6:48 AM MDT

It was once the centre of America’s shale boom – a vast reservoir of crude unleashed by hydraulic fracturing and…

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​Oil near $40 with volatility falling and gasoline stocks growing

Tuesday, July 7, 2020, 6:45 AM MDT

Oil pared losses to trade near $40 a barrel before U.S. government data that’s forecast to show gasoline stockpiles increased.U.S.…

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​Buffett decision shows LNG projects on shaky political, economic ground: report

Tuesday, July 7, 2020, 6:11 AM MDT

Legendary investor Warren Buffett's decision to walk away from a proposed export terminal for liquefied natural gas in Quebec is…

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​Oil gains past $43 with Saudis raising prices, equities rallying

Monday, July 6, 2020, 7:22 AM MDT

Oil rose in London to above $43 a barrel as Saudi Arabia hiked its official selling prices, and as global…

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​Oil pares weekly gain with virus fears countering tighter supply

Friday, July 3, 2020, 7:13 AM MDT

Oil slipped on Friday, paring a weekly gain as surprisingly strong U.S. economic data and tightening crude supplies jostled with…

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​Fitch reduces Alberta credit rating, cites concerns on heavy borrowing

Thursday, July 2, 2020, 7:16 AM MDT

Alberta's plan to relaunch its economy is taking a hit right out of the starting gate.The United States-based Fitch rating…

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​Oil edges higher with U.S. stockpiles drop offsetting virus fear

Thursday, July 2, 2020, 6:51 AM MDT

Oil rose for a second day as a bigger-than-expected drop in American crude stockpiles and plunging output from OPEC producers…

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​Oil edges lower with new virus surge darkening demand outlook

Tuesday, June 30, 2020, 6:52 AM MDT

Oil edged lower as the resurgence of the coronavirus in the U.S. continued to dampen the prospects of a broader…

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​Alberta cuts business tax, boosts infrastructure spending to reboot economy

Tuesday, June 30, 2020, 6:35 AM MDT

Alberta is cutting business taxes, pumping billions into infrastructure and making a full court press to lure jobs from Toronto,…

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​Oil steady as weaker dollar offsets fears over virus resurgence

Monday, June 29, 2020, 6:45 AM MDT

Oil steadied in New York as the boost from a weaker dollar offset concerns that the resurgence of coronavirus will…

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