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News Energy General
April 2, 2020  

Cenovus suspends dividend, cuts more capital spending, salaries

Additional steps are in response to the ongoing low global oil price environment.

News Forestry Manufacturing General
March 27, 2020  

Canfor cuts lumber production and capital spending due to COVID 19

Will be down about $100 million across lumber operations compared with 2019.

News Energy General
March 24, 2020  

Precision Drilling moves to cut costs and capital spending plan

Lowering to $48 million, compared with earlier expectations for $95 million.

News Energy Manufacturing Oil & Gas General Operations
March 18, 2020  

Pembina Pipeline cuts capital spending plan by up to $1.1B

Anticipating a revised 2020 capital budget of between $1.2 billion and $1.4 billion.

News Energy Manufacturing General
March 17, 2020  

Energy shares continue falling as more firms cut capital budgets

Value of Canada’s top energy companies has been cut almost in half over the past week.

News Energy Manufacturing Oil & Gas Business Operations General Operations Production Sustainability
December 15, 2016  

CNRL to spend less on Horizon oil sands in 2017, more on exploration

Forecasted spending allocates bout $1.71 billion to Horizon, down from $2.74 billion forecast for this year.

News Energy Manufacturing Oil & Gas General Operations Production Sustainability
December 14, 2015  

Encana to cut capital budget by $600M

Also cuts shareholder dividend by about 78%.

News Energy Oil & Gas General Operations Sustainability
November 18, 2015  

Suncor to boost 2016 spending by up to $900M

Oil sands producer aims to spend between $6.7 billion and $7.3 billion next year.

News Energy Oil & Gas General Operations Production Sustainability
September 1, 2015  

Penn West cuts 400 jobs, mostly in Calgary

To cut a further $75 million from capital spending budget; suspends dividend.

News Government Manufacturing Economy General
July 16, 2015  

The pros and cons of the Bank of Canada’s interest rate cut

Cheaper access could come at a much higher cost down the road.

News Government Manufacturing Oil & Gas Business Operations Economy General
July 7, 2015  

Survey points to regional divide in business confidence amid low oil

Central bank widely expected to cut growth expectations in Q2 following a pullback by the economy in April

News Government Manufacturing General Operations Production
July 6, 2015  

Private sector capital spending to drop 7% in 2015: StatsCan

Manufacturers plan to increase spending by 2.7% to $17.5 billion.

News Energy Manufacturing Oil & Gas General Operations Production Sustainability
May 7, 2015  

CNRL cuts capital spending again after quarterly loss

Energy producer says it has increased production and cut costs in response to the lower prices.

News Energy Oil & Gas General Operations Sustainability
February 18, 2015  

Cenovus looks to raise raising $1.5B in common shares sale

Proceeds from the sale of 67.5 million shares will fund the company’s $1.8-billion to $2-billion capital expenditures for 2015.

News Energy Oil & Gas Business Operations General Operations
January 14, 2015  

Suncor cutting 1,000 jobs, taking $1B out of 2015 budget

Job cuts will mainly affect contractors, oil sands giant says.