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'Loonie' Slips on Oil Patch

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Crude from Canada's Alberta oil sands brings about $65, a large discount from the $115 for Brent crude and the $97 price in the U.S. The increase in U.S. oil output is causing a surplus in the U.S., reducing demand for Canadian crude. The lack of enough pipelines to bring this crude to the U.S. also affects prices. The $50 discount to Brent crude affects Canada's oil revenues and economic growth. Canada's central bank cut the growth rate forecast for 2013 to 2% from 2.3%. This is also likely to weaken Canada's currency.

Canada's oil sands projects in 2010-2016

02/05/2008

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Canadian Regulator Waives Oil-Sands Enforcement Penalties

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Keystone XL Review Sees Little Impact on Climate

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Even Without Keystone Pipeline, Oil Has Flowed

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Canadian Oil Sands Cuts Dividend, Citing Debt Load and Crude Price Drop

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Leftist Party’s Win in Alberta May Affect Future of Oil Sands

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Canada's oil sands projects face higher costs and stringent emissions caps.

07/11/2007

Alberta oil sands projects face rapidly increasing costs sometimes 2-3 times original projections and labor shortages, and technologies to meet emissions rules can be costly.

Grouped Articles

Canadian Regulator Waives Oil-Sands Enforcement Penalties

Wall Street Journal 06/13/2013

A sticky ending for the tar sands

Economist 01/15/2009

Leftist Party’s Win in Alberta May Affect Future of Oil Sands

New York Times 05/06/2015

Falling Crude Prices Upend Canada’s Oil Sands Projects

Wall Street Journal 07/23/2015

Oil Companies Stake Future on Canada

Wall Street Journal 07/11/2007

Marathon Oil to Pay $5.56 Billion For Canada's Western Oil Sands

Wall Street Journal 07/31/2007

Environmental reports on Canada's oil sands and new government standards

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Grouped Articles

Canadian Regulator Waives Oil-Sands Enforcement Penalties

Wall Street Journal 06/13/2013

Keystone XL Review Sees Little Impact on Climate

Wall Street Journal 02/02/2014

A sticky ending for the tar sands

Economist 01/15/2009

Leftist Party’s Win in Alberta May Affect Future of Oil Sands

New York Times 05/06/2015

Falling Crude Prices Upend Canada’s Oil Sands Projects

Wall Street Journal 07/23/2015

Panel Criticizes Oil-Sands Monitoring

Wall Street Journal 12/22/2010

Canada economic growth and interest rates.

05/27/2010

Canada is increasingly taking its cues from booming demand for commodity exports to China when it sets interest rates.

Grouped Articles

Clouds Over Canada Damp Loonie

Wall Street Journal 07/01/2013

Bearish Bets Batter Canada’s Loonie

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China Cuts Rates to Halt a Slide in Its Economy

New York Times 05/10/2015

Canada's New Leaf on Rates

Wall Street Journal 06/02/2010

Global Trade: Canada Takes Its Cues from China Now

BusinessWeek 05/27/2010

Canadian Economy Suffers Setback

Wall Street Journal 04/30/2011

The Canadian dollar, the "loonie"

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Grouped Articles

Clouds Over Canada Damp Loonie

Wall Street Journal 07/01/2013

Weakening Loonie Is Growing Puny

Wall Street Journal 02/11/2014

Bearish Bets Batter Canada’s Loonie

Wall Street Journal 04/16/2015

The new rustbelt

Economist 08/29/2015

'Loonie' Slips on Oil Patch

Wall Street Journal 02/01/2013


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