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Gas prices ‘way beyond’ where oil rebound should have them: BMO

Gas prices ‘way beyond’ where oil rebound should have them: BMO It’s not just you: Gas prices are much higher than they should be, energy experts say Gas prices are up by more than a third since the start of the year, a figure much higher than one would expect based on the slight rebound in […]

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Oil rally makes loonie world’s strongest currency this quarter, BMO says

Oil rally makes loonie world’s strongest currency this quarter, BMO says Canadian dollar over 83 cents US Tuesday, up from 78 cents 6 weeks ago After cratering along with the price of oil in January, the Canadian dollar has quietly been mounting a rally and is now the world’s best-performing major currency in the past […]

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Resource Dependence Could Prove Fatal For Canadian Economy

Resource Dependence Could Prove Fatal For Canadian Economy Low oil prices are threatening the health of Canada’s oil and gas sector, which in turn, is causing turmoil in Canada’s economy as a whole. The fall in oil prices are forcing billions of dollars in spending reductions for Canada’s oil and gas industry. In February, Royal […]

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Just How Low Will The Loonie Go?

Just How Low Will The Loonie Go? The Canadian dollar fell to below 80 cents on Friday, battered by bad news at home and good news south of the border, leaving economists scrambling to predict just how low it could go. The loonie ended the week at 79.3 cents U.S., sinking after a report showed […]

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Loonie Plunges Through 80 Cents U.S. In Currency’s Biggest 2-Year Drop Ever

Loonie Plunges Through 80 Cents U.S. In Currency’s Biggest 2-Year Drop Ever The Canadian dollar fell through a psychologically important barrier Wednesday, trading for the first time in five years below 80 cents U.S. The loonie was hovering at 79.8 cents U.S. as of Wednesday afternoon, having followed oil prices downward for yet another day. […]

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Canadian Dollar Plunges To 5-Year Low Of 86.69 US

Canadian Dollar Plunges To 5-Year Low Of 86.69 US. The Canadian dollar plunged to 86 cents today in the wake of turmoil in oil and stock markets. The loonie was trading at a 5½-year low of 86.69 cents US. Oil prices seemed to pause in the steep descent they’ve made in the last two weeks. West […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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