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Tag Archives: grow

Doomsday warning as predictions of $10-a-barrel oil grow

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Oil prices fell to fresh lows below $30-a-barrel Tuesday amid warnings the price rout could hit US$10 a barrel and bring down gas prices to levels last seen in 2009. Investment bank Standard Chartered became the latest big name to downgrade its oil outlook joining the likes of Goldman Sachs, …

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Royal Bank of Canada, Sun Life Financial Inc grow cautious on commercial loans as slumping economy raises risk of default

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Canada’s largest commercial-mortgage lenders, including Sun Life Financial Inc. and Royal Bank of Canada, are turning more cautious as the commodities slump stunts economic growth and raises the risk of default. “We’re concerned about the stage in the real-estate cycle Canada’s in right now — there’s more risk in the …

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