With spending hikes and the costliest wildfire season on record set to inflate Alberta's budget deficit to at least $5.9 billion, Finance Minister Joe Ceci warned Monday the recent drop in oil prices will push that number higher this fall.
MONTREAL - The majority owner of SkyGreece Airlines says he's sorry for the airline's grounding that has stranded about 1,000 passengers.
'We all know what has happened there - the massive fall in global energy prices. But, you know, 80 per cent of the economy is actually growing.
Oil prices fell more than 3 per cent on Tuesday after official data showed China's giant manufacturing sector, the engine powering the world's biggest energy consumer, contracted at the fastest pace in three years.
Canadian Oil Sands Ltd., already hurt by weak oil prices and a string of operational problems at Syncrude Canada Ltd., is no longer shipping oil after a fire damaged part of its upgrading plant.