Category: Canadian Business

Western oil price rally unlikely to last after curtailments begin, expert panel says

By Dan HealingThe Canadian Press Thu., Dec. 13, 2018 It’s unlikely a dramatic improvement in western Canadian oil prices since Alberta announced forced production curtailments two weeks ago will continue after the cuts begin on Jan. 1, a panel of experts agreed Thursday. The difference between Western Canadian Select bitumen-blend heavy oil and New York-traded…

Bank of Canada Announces Deputy Governor Appointment

The Board of Directors of the Bank of Canada today announced the appointment of Paul Beaudry as Deputy Governor, effective February 18, 2019. Mr. Beaudry’s appointment, which is the result of an open search process, fills the vacancy created by the departure of Sylvain Leduc in July 2018. As Deputy Governor, Mr. Beaudry will…

Alberta’s output-cut mandate may be driving oil prices too high

By Robert TuttleBloomberg Tues., Dec. 11, 2018 Alberta’s plan to boost crude prices through mandatory production cuts is working a little too well. Just over a week after Premier Rachel Notley announced that oil producers will be required to curtail output by 8.7 per cent, the price of heavy Canadian crude has more than doubled,…

Governor Poloz Speaks on Financial Vulnerabilities and Risks to the Economy

In his final speech of 2018, Governor Stephen S. Poloz discusses the vulnerabilities and risks in Canada’s financial system as well as Canadian and global economic developments. He explains how all this was taken into account in the December interest rate decision. [embedded content] Interest Rate Decision Governing Council decided to maintain the interest rate…

Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week: Big business convention The International Economic Forum of the Americas’ Toronto Global Forum kicks off Monday, featuring business leaders and government representatives including RBC chief David McKay, BlackBerry CEO John Chen and Foreign Affairs Minister Chrystia Freeland. Runs through Dec. 12.…