TORONTO -- The Canadian dollar and Toronto Stock Exchange continued to retreat today as the price of oil traded below US$27 a barrel for the first time since September 2003.
CALGARY - Precision Drilling Corp. (TSX:PD) says uses of its rigs was cut by more than half in Canada and the United States in the fourth quarter compared with a year earlier, resulting in less cash from operations and a bigger loss.
Andrew Harrer/BloombergJanet Yellen, chair of the U.S. Federal Reserve, listens during a Senate Banking Committee hearing in Washington, D.C.
VANCOUVER - British Columbia's superintendent of real estate is denying that she has failed to take action on "shadow flipping," saying she only learned of specific allegations from the media last week.
Cenovus Energy Inc. says it's planning to reduce its workforce further this year and take other moves to cut $400 million to $500 million from its costs while it rides out a rough period of low oil and gas prices.