Author Archives: Michael King

Suncor pushes ahead with Fort Hills Project

Despite the price of oil hovering around $50/barrel, Suncor announced that its Fort Hills project will go ahead. Suncor will spend ~$1.6B on the project and expects to be producing by the end of 2017. Fort Hills is ~90km north … Continue reading

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A-Z An Encyclopedia of declining oil prices

Having trouble keeping track of the multitude of factors affecting the price of oil and the buzzwords associated with them? We are too. Here’s an quick little Encyclopedia of terms relating to

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Imperial Oil pushes forward with multibillion-dollar oilsands projects.

Despite lower oil prices, Imperial Oil ltd is pushing ahead with projects. If the price of oil stays in the ~$50 price range, we may start to see a lot more mergers/acquisitions as large companies with huge cash reserves pick … Continue reading

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Fort McMurrayites appreciate the pause but aren’t panicking.

Just as we saw during the recession in ’08 & ’09, a slower-paced Fort McMurray will give the city a chance to catch up with infrastructure, give the province more time to twin Highway 63, give developers time to expand … Continue reading

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OPEC is bullish on Oil prices

OPEC’s Secretary-General Abdulla al-Badri sees a real possibility that oil prices could explode higher to upwards of $200 per barrel in the future. What he’s stating is that as the world slows its investments in oil production, something we’re intimately … Continue reading

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TD forecasts the Bank of Canada will cut rates again in March

Last week, the Bank of Canada cut its target for the overnight lending rate from an already low one per cent to 0.75 per cent, in light of the risk posed to the Canadian economy by slumping oil prices. TD’s … Continue reading

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Bank of Canada cuts their overnight rate. Interest rates drop.

Bank of Canada cuts interest rate and we hope that banks will be dropping their variable rates to follow suit.

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5 ways you can be affected by lower interest rates

For some, lowered interest rates are a boon, for others, not so much. Here’s a look at how you may be affected by lower interest rates.

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