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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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‘Flashing warning signs’: Canadian markets bracing for ‘dramatic’ Bank of Canada action — and a recession

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OTTAWA • Recent moves in Canadian financial markets suggest that investors see increased odds of a recession this year and the potential for “dramatic action” from the Bank of Canada. Risks to Canada ‘substantial’ if oil stays below $50 for next five years, BofA warns Canada will be one of …

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First Quantum Minerals Ltd issues ‘going concern’ warning amid high debt, weak metal prices

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TORONTO — First Quantum Minerals Ltd. warned there is “significant doubt” it can continue as a going concern as the company struggles to manage a massive debt load amid very weak base metal prices. The Toronto-based copper miner made the disclosure Thursday night because it is in danger of breaching …

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