Friday, November 8, 2024

Canada Offers $1.1 Billion in Loans for Oil Sector Liquidity

From Bloomberg The Canadian government announced C$1.5 billion ($1.1 billion) in loans for the oil and gas sector, as well as some government funding for unspecified projects, after a supply glut sank heavy crude prices to as low as $13.46 a barrel last month. The country’s energy and trade ministers announced the aid package Tuesday morning in Edmonton. It includes “commercial financial