Post Tagged with: "Canadian banks"

Source: Reuters

Canadian banks ease credit rules for energy companies to stave off defaults, bankruptcies

Reuters


TORONTO – Canadian banks are beginning to relax lending standards for energy firms struggling to operate with oil prices at half the level needed to cover costs, seeking to keep them afloat until the industry recovers from its deepest …

Canadian Banks Say Crude Prices Having Nominal Effect on Wider Economy

Canadian Banks Say Crude Prices Having Nominal Effect on Wider Economy

Meantime, Western Canada Select records lowest price on record

2016 is already getting off to a rough start for Western Canada Select (WCS) crude oil, Canada’s benchmark crude oil. WCS dropped US$2.05 on Monday, closing at US$16.61 per barrel, its …

January 12, 2016 - 5:08 pm Canada, Closing Bell Story‎, Finance, Oil and Gas 360 Articles