China buys crude as prices collapse, adding to stockpiles
Gives Beijing a chance to insulate the country against possible supply disruptions.
Energy sector shutting down oil production as low crude oil prices persist
More producers join a growing list of companies reducing spending and cutting production.
Negative oil price plunge a short term anomaly, limited impact: analysts
Drop in West Texas Intermediate near-month contract prices below negative US$37 per barrel is due to unique circumstances.
Central bank holds rate amid oil slump; casts doubt on future hikes
The rate remains at 1.75 per cent; the BoC has been on a gradual rate-hiking path.
US Midwest refinery maintenance outages to weigh on Canadian oil prices
Heavy schedule of refinery maintenance in the U.S. Midwest, with about 829,000 bpd of capacity expected to be unavailable through October.
Canada’s wireless prices justified even if high by world standards: MEI
Think tank cites quality of the networks, size of the country, investments being made in 5G technology.
Drug developers warn Ottawa that excessive cuts to prices could be harmful
They’re nervous about changes Health Canada will propose for the Patented Medicine Prices Review Board under a review.
Industry profits edge up in April: Conference Board
Oil extraction prices rally thanks to a cold winter and lower US inventories
Copper prices on the rise as supplies tighten
TORONTO: Tightness on the supply side is improving profit…