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Jun 8, 2022 · Analysis. Why high oil prices aren't creating an economic boom in Canada. Typically that discount is about $10-$15 US a barrel, but recent events have pushed the gap to beyond $20. That's...
- Why high oil prices aren't creating an economic boom in Canada
The recent surge in oil prices is still a net benefit to...
- Price gap on heavy Canadian oil tops $30 per barrel, widest ...
Oil prices have fallen — so why is the price of gasoline...
- Why high oil prices aren't creating an economic boom in Canada
- Less Investment Appetite
- Record-Setting Profits
- Demand Flexible, But Steady
The last time the global price of oil surged this high, starting in 2008, there was a surge in investments and a hiring boom. Commodity expert Rory Johnston says years of low prices and low profits have made companies wary of moving too quickly this time. "There's a lot of scarring that occurred over the past decade," said Johnston, author of the n...
Higher oil prices are still a net positive for the Canadian economy, said CIBC's Shenfeld, but things are different this time. "When they're caused by disruptions in the global economy they are not as powerful as when they are caused by strength in economic activity around the world," he said. As the price of oil has skyrocketed these past few mont...
So will the high prices stay? These past two years have been some of the most tumultuous and volatile in modern history. It's easy to wonder if maybe things have changed. "I have an allergic reaction as an economist to any claim that this time is different," said Brett House, formerly the deputy chief economist at Scotiabank. He says there were man...
Oct 14, 2022 · Oil prices have fallen — so why is the price of gasoline skyrocketing across Canada? The loonie has fallen to its lowest level in almost two years — here's why
Mar 8, 2022 · The Canadian dollar is no longer growing at a pace tied to oil prices, exacerbating pains at the pumps and putting more pressure on the Bank of Canada to tame inflation.
Dec 12, 2023 · Analysts say there are a number of factors at play here, namely geopolitical instability, fears of a global recession and hesitation around whether there will be follow through on oil output...
Jun 8, 2022 · Oil prices are rising, but Canada is getting comparatively less for every barrel — here’s why. Gap between benchmark oil price and cost for oilsands blend is widening. Why gas prices have hit record highs and when Canadians can expect to get a break. Photo: CBC/Tom Ayers. RCI. Posted: June 8, 2022 7:03 AM.
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May 20, 2022 · High oil prices mean 'wicked profitability' when there's no surge in spending to go with it. Gas prices well over $2 per litre in Carleton Place, Ont., on Tuesday. Normally, this cost for Canadian ...
