Booming U.S. natural gas production from shale formations and slowing demand from households, factories and power plants are poised to send prices down for an unprecedented fifth year in 2012.
Canadian retail sales climbed in February as consumers spent more at pharmacies and department stores.
Valiant Petroleum Plc and EnQuest Plc, two explorers in the North Sea, jumped in London after Valiant said it found oil in the Don field.
Canadian stocks fell, snapping a three-day advance in the benchmark index, as energy and raw- materials shares dropped after oil and gold prices slumped.
An “ugly” end to the year for Canada’s job market is threatening to undermine consumer confidence that’s grown from the first quarter of 2013.
Canadian stocks rose for a second day amid better-than-estimated U.S. economic data and as European shares rebounded on gains in Italian bonds.
Canada’s dollar was little changed versus the greenback as Bank of Canada Governor Mark Carney reiterated that growth will accelerate in the second half of the year.
Valiant Petroleum Plc, a U.K. oil explorer operating in the North Sea, rose in London trading after starting a strategic review that may see it sold or broken up to boost returns for shareholders.
"Canadian production is not really pipeline constrained at this point."
- Peter Buchanan on Nov 13, 2014