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Tag Archives: price

Why the price of oil will recover faster than you think

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It no doubt feels like a new paradigm for oil investors with the price of oil falling 72 per cent since 2014, the second-largest peak-to-trough decline in more than 30 years. Many are pointing fingers at the Organization of the Petroleum Exporting Countries for the monster wave of oil now …

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CIBC downgrades Calfrac as oil price rout set to eliminate oilfield services dividends

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CALGARY — To survive the prolonged downturn in oilfield activity, many energy service companies are poised to cut their dividends to zero. “Despite two-thirds of our coverage universe having already made sizable dividend cuts over the past year, we believe more are on the horizon in the coming quarters,” CIBC …

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Oil price slide casts shadow over Canada’s banks, despite solid quarter

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Canada’s big banks wrapped up the first quarter of the fiscal year with increased profits and widely expected dividend hikes. But the early impact of the oil rut was evident, with increased provisioning and reports of growing credit card and loan delinquencies in the hardest hit provinces, primarily in Western …

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Food inflation has deepened the price gap at discount grocery stores, and Loblaw Cos is set to cash in

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TORONTO — A spike in food prices has widened the price divide between Canada’s grocery stores and their discount divisions — a factor that could play out in Loblaw Cos.’ favour. “Looking at identical items, the discount channel does not appear to have increased shelf prices to any significant degree, …

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