Forecasted spending allocates bout $1.71 billion to Horizon, down from $2.74 billion forecast for this year.
Also cuts shareholder dividend by about 78%.
Oil sands producer aims to spend between $6.7 billion and $7.3 billion next year.
To cut a further $75 million from capital spending budget; suspends dividend.
Cheaper access could come at a much higher cost down the road.
Central bank widely expected to cut growth expectations in Q2 following a pullback by the economy in April
Manufacturers plan to increase spending by 2.7% to $17.5 billion.
Energy producer says it has increased production and cut costs in response to the lower prices.
Proceeds from the sale of 67.5 million shares will fund the company’s $1.8-billion to $2-billion capital expenditures for 2015.
Job cuts will mainly affect contractors, oil sands giant says.
Some companies expect the lower dollar to help them reclaim market share and increase competitiveness.
Oil and gas producer to continue to grow output compared with 2014, but at a slower pace.
Budget reflects weaker commodity prices and the near completion of two major projects in Alberta and China.
Eighty per cent of spending will directed at four key plays in Alberta and the southern US.
Will implement cost-savings initiatives to save up to $500 million a year by 2018.