Cenovus suspends dividend, cuts more capital spending, salaries
Additional steps are in response to the ongoing low global oil price environment.
Canfor cuts lumber production and capital spending due to COVID 19
Will be down about $100 million across lumber operations compared with 2019.
Precision Drilling moves to cut costs and capital spending plan
Lowering to $48 million, compared with earlier expectations for $95 million.
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.
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.
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.
Encana to cut capital budget by $600M
Also cuts shareholder dividend by about 78%.
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.
Penn West cuts 400 jobs, mostly in Calgary
To cut a further $75 million from capital spending budget; suspends dividend.
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.
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
Private sector capital spending to drop 7% in 2015: StatsCan
Manufacturers plan to increase spending by 2.7% to $17.5 billion.
CNRL cuts capital spending again after quarterly loss
Energy producer says it has increased production and cut costs in response to the lower prices.
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.
Suncor cutting 1,000 jobs, taking $1B out of 2015 budget
Job cuts will mainly affect contractors, oil sands giant says.