Moody’s cuts oil price estimates as supply glut continues
The ratings of more than 31 Canadian energy and mining companies are on review for downgrade
- By: James Langton
- January 22, 2016 January 22, 2016
- 10:00
The ratings of more than 31 Canadian energy and mining companies are on review for downgrade
The changes will lower federal government revenues by more than $8.2 billion over six years
Seventy-five per cent of firms expect further cost increases over the next two years
The province will exceed its own self-imposed debt limits this fiscal year, agency says
Loonie rises as oil weighs on global markets
The rating agency’s base case forecast assumption for oil in 2016 is US$45
The key overnight rate remains at 0.5%
Sales were up in 14 of the 21 industries, boosted by the primary metal, petroleum and coal and chemical sectors
But borrowing conditions have improved
Cautiousness among VC investors is expected to continue into 2016 given the uncertain global economy and other notable factors
Slowing growth in China, the strong greenback, and weakness in commodities have dampened global demand for North American industrial products
But growth is expected to accelerate slightly in 2017 as countries that are currently in economic distress see conditions improve
Oil and loonie lose ground; U.S. markets closed
Web exclusive: Some strategists think there could be wage pressure in the U.S.
Web exclusive: Although gold bugs remain positive, gold may be best used as inexpensive insurance in a portfolio to provide some protection against steep plunges…
TD report outlines reasons why the central bank will cut interest rates next week
North American home prices to rise in 2016
The last time Canada’s dollar was worth more than the U.S. dollar was in February 2013
Some exporters remain optimistic their sales will benefit from strengthening foreign demand
China could try to stoke growth by devaluing its currency
Benjamin Tal, deputy chief economist at CIBC World Markets Inc., examines the crisis in China, discusses global trends and gives investors tips for getting lift-off…
The loonie is about where it was more than a decade ago when oil prices were also low
Oil prices could fall further in the first half of 2016
Report examines the first three months following the fee change
Weaker fixed-income returns forecast for Canada through 2019