Category Archives: News Releases

Excerpts and Links to various media releases that should prove to be informative and educational for all.

Bank of Canada lowers overnight rate

The Bank of Canada has lowered their interest rate by 0.25%. The overnight rate was lowered from 0.75% to 0.5%. Prime Rate is now at 2.5%. Assuming, of course, that lenders follow the Bank of Canada‚Äôs lead, we should see … Continue reading

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New NDP government reverses PC mortgage tax hike

The PC budget increased the variable Mortgage Tax and Land Transfer fees from $1 to $6 for every $5,000 of property value which would have taken effect on July 1, 2015. It also increases the fixed fees for mortgages, land … Continue reading

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Oil Price strengthens as demand increases

The price of oil is on the rise amid speculation that demand is strengthening, curbing a supply surplus.

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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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