Any Canadians curious about where Prime Minister Stephen Harper’s plan to turn the country into an energy superpower is heading need look no further than the provincial budget just tabled by Alberta. The collapse in oil prices has turned a once-enviable budget surplus into a monster $5-billion deficit. What makes Alberta’s current predicament even more [...]

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Finance Minister Joe Oliver, who is delaying the release of the federal budget until at least April due to uncertainty over falling oil prices, will have to put something on the table soon. In a survey of private sector forecasters last week, he was told that oil prices look to be stabilizing around the current [...]

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How deep is the hole the oil industry is currently stuck inside? To figure that out, you only need to look as far back as last week, which saw another two trainloads full of oil derail and storage numbers that put U.S. crude stocks at record highs Every new pipeline leak or train derailment puts [...]

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If lower oil prices are as bad for Canada’s economy as rate-cutting Bank of Canada Governor Stephen Poloz insists, the central bank might consider assessing the risks to the economy in a world where constraining carbon emissions becomes less of an abstract notion and more of a daily reality. For a petro-economy such as Canada’s, [...]

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The wisdom of Winston Churchill, who once quipped that you should never let a good crisis go to waste, clearly hasn’t been lost on federal Finance minister Joe Oliver, who’s already made considerable hay out of falling oil prices. Mr. Oliver’s finance department won’t table a budget until April, due to the uncertainty created by [...]

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