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Price of Oil
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Author Archives: Michael King
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
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
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
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
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
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
Bank of Canada cuts interest rate and we hope that banks will be dropping their variable rates to follow suit.
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.