The Daily Chase: Oil extends rally; BCE boosts dividend and spending plans VIDEO SIGN OUT
West Texas Intermediate is inching ever closer to US$60 per barrel as oil extends a rally thatâs seen the price nearly double since late April. OPEC+ injected some additional optimism into the market yesterday, with its claim of 101 per cent compliance with production quotas. Weâll continue gathering market intel on crudeâs rally juxtaposed against the still-daunting threat of COVID-19 and the gradual transition to renewable energy.
SUNCOR NAVIGATES COVID IMPACT
Lots to sift through at Suncor Energy: it swung to a fourth-quarter operating loss and funds from operations were halved amid pandemic fallout. Both metrics, however, improved sequentially. And there are several notable one-time items: in addition to the previously-announced impairment on West White Rose, Suncor booked a $142-million provision tied to Keystone XL. And, subsequent to quarter-end, Suncor says i
L'Agence du revenu du Canada a récemment annoncé deux nouvelles options simplifiées pour l'année d'imposition 2020, qui permettent aux employés de demander la déduction des frais liés au travail à domicile pendant la pandémie de COVID-19.