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1. • • The spread of COVID-19 around the world this year squashed fuel demand, taking crude oil prices down with it. Those prices even turned negative at one point. Canada's oilpatch slashed jobs and spending.
     www.cbc.ca/news/business/seskus-oil-gas-energy-outlook-1.5846079

     After a turbulent year, Canada's energy industry braces for ...

2. People also ask

   How have oil prices changed over the past 9 months?

   • Oil and natural gas prices have risen considerably over the past nine months. The price of Western Canadian Select crude oil (WCS, the benchmark price for Alberta oil) averaged US$45.13 per barrel in January 2021. By the first week of October, that price had increased to $64.78 per barrel.

   Rising oil prices won’t solve Canada’s oil and gas problems

   www.fraserinstitute.org/article/rising-oil-prices-wont-solve-canadas-oil-and-gas-problems

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   Will oil price increase stimulate economic activity in Canada?

   • The price of Western Canadian Select crude oil (WCS, the benchmark price for Alberta oil) averaged US$45.13 per barrel in January 2021. By the first week of October, that price had increased to $64.78 per barrel. Other things being constant, the price increase should stimulate economic activity in Canada’s oil sector.

   Rising oil prices won’t solve Canada’s oil and gas problems

   www.fraserinstitute.org/article/rising-oil-prices-wont-solve-canadas-oil-and-gas-problems

   See all results for this question

   Is 2020 a good year for Canada's Oil & Gas sector?

   • An international oil price war combined with a pandemic made 2020 a very difficult year for Canada's oil and gas sector. But the year ahead will offer little respite, with the pace of economic recovery, pipeline development, climate policy and a new U.S. president all part of an unpredictable mix.

   After a turbulent year, Canada's energy industry braces for more

   www.cbc.ca/news/business/seskus-oil-gas-energy-outlook-1.5846079

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   Will Canadian oil and gas merge in 2021?

   • The Canadian oil and gas sector is unlikely to see another merger of such size in 2021, but analysts believe consolidation will continue in the months ahead. After the merger between Cenovus and Husky, the combined company will be worth more than $23 billion. More consolidation is expected in 2021, especially among smaller players.

   After a turbulent year, Canada's energy industry braces for more

   www.cbc.ca/news/business/seskus-oil-gas-energy-outlook-1.5846079

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   Why is the Canadian dollar so low?

   • Oil prices are high. So why is the Canadian dollar still so low? Production issues in the oil sands and the continued threat of more tariffs from the U.S. are among the reasons behind the weakness of the Canadian dollar. THE CANADIAN PRESS/Paul Chiasson

   Oil prices are high. So why is the Canadian dollar still

   globalnews.ca/news/4302375/canadian-dollar-oil-prices-trump-trade-war/

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   How did crude prices compare to Canadian currency?

   • U.S. crude prices were down 0.7% at $70.26 a barrel, while the Canadian dollar was trading 0.2% lower at 1.2881 to the greenback, or 77.63 U.S. cents. The Canadian currency touched its weakest level since Sept. 20 at 1.2886.

   Canadian dollar at nearly 3-month low as oil prices fall

   www.reuters.com/markets/us/canadian-dollar-nearly-3-month-low-oil-prices-fall-2021-12-15/

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3. globalnews.ca › news › 4302375Oil prices are high. So why is the Canadian dollar still so low?

   globalnews.ca › news › 4302375

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   Jun 28, 2018 · High oil prices tend to push up inflation, while higher interest rates do the opposite. Central banks generally tweak interest rates to keep inflation within a desirable, moderate rate that...

4. natural-resources.canada.ca › our-naturalSelected Crude Oil Price Daily March 2021 (Canadian dollars ...

   natural-resources.canada.ca › our-natural

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   Mar 1, 2021 · Selected Crude Oil Price Daily March 2021 (Canadian dollars per cubic metre) Note: Prices are not reported on weekends and American statutory holidays. Explanatory Note for Crude Oil Prices. All prices are settlement prices, for delivery in the prompt month. Prices are based on daily closing prices posted on NYMEX in US dollars per barrel.

5. natural-resources.canada.ca › our-naturalSelected Crude Oil Prices October 2021 (Canadian dollars per ...

   natural-resources.canada.ca › our-natural

   • Cached

   Jan 10, 2022 · Selected Crude Oil Prices October 2021 (Canadian dollars per cubic metre) Note: Prices are not reported on weekends and American statutory holidays. Report a problem on this page. Date modified: 2022-01-10. Date Exchange Rate.

6. natural-resources.canada.ca › our-naturalSelected Daily Crude Oil Prices July 2021 (Canadian dollars ...

   natural-resources.canada.ca › our-natural

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   Selected Daily Crude Oil Prices July 2021 (Canadian dollars per cubic metre) ... UK Mixed Sweet Blend Edmonton Synthetic Edmonton Western Canada Select Hardisty ...

7. www.fraserinstitute.org › article › rising-oilRising oil prices won’t solve Canada’s oil and gas problems

   www.fraserinstitute.org › article › rising-oil

   • Cached

   Oct 21, 2021 · Oil and natural gas prices have risen considerably over the past nine months. The price of Western Canadian Select crude oil (WCS, the benchmark price for Alberta oil) averaged US$45.13 per barrel in January 2021. By the first week of October, that price had increased to $64.78 per barrel.

8. www.reuters.com › markets › usCanadian dollar at nearly 3-month low as oil prices fall ...

   www.reuters.com › markets › us

   Dec 15, 2021 · The Canadian dollar weakened to its lowest level in nearly three months against its U.S. counterpart on Wednesday as the fast-spreading Omicron variant weighed on oil prices and domestic data...

9. www.cbc.ca › news › businessAfter a turbulent year, Canada's energy industry braces for ...

   www.cbc.ca › news › business

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   Dec 26, 2020 · An international oil price war combined with a pandemic made 2020 a very difficult year for Canada's oil and gas sector. But the year ahead will offer little respite, with the pace of...