Advertisement
Canada markets open in 14 minutes

  • S&P/TSX

    21,728.55
    +14.01 (+0.06%)
     

  • S&P 500

    5,018.39
    -17.30 (-0.34%)
     

  • DOW

    37,903.29
    +87.37 (+0.23%)
     

  • CAD/USD

    0.7292
    +0.0011 (+0.15%)
     

  • CRUDE OIL

    79.04
    +0.04 (+0.05%)
     

  • Bitcoin CAD

    80,282.71
    +967.11 (+1.22%)
     

  • CMC Crypto 200

    1,264.75
    -6.00 (-0.47%)
     

  • GOLD FUTURES

    2,301.50
    -9.50 (-0.41%)
     

  • RUSSELL 2000

    1,980.23
    +6.32 (+0.32%)
     

  • 10-Yr Bond

    4.6330
    +0.0380 (+0.83%)
     

  • NASDAQ futures

    17,569.25
    +131.00 (+0.75%)
     

  • VOLATILITY

    15.06
    -0.33 (-2.15%)
     

  • FTSE

    8,154.27
    +33.03 (+0.41%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • CAD/EUR

    0.6813
    +0.0020 (+0.29%)
     
MARKETS LIVE BLOG:

STOCK FUTURES CLIMB AS RATE-HIKE FEARS FADE, WITH APPLE ON DECK

Wall Street bracing for drop in revenue, potentially hefty pullback in iPhone sales in China

Oil producer Cenovus Energy cuts 2015 capital spending

Reuters
A construction worker walks past the steam generating facility at the Cenovus Foster Creek SAGD oil sands operations near Cold Lake, Alberta, July 9, 2012. REUTERS/Todd Korol (Reuters)

(Reuters) - Cenovus Energy Inc , Canada's No. 2 independent oil producer, cut its capital spending budget for 2015 in response to the slump in crude oil prices. The company said it could defer capital spending of up to C$700 million ($562.5 million) until oil prices recover. Cenovus announced in December a capital budget of C$2.5 billion-C$2.7 billion for this year, about 15 percent lower than for 2014. ($1 = C$1.24) (Reporting by Ashutosh Pandey in Bengaluru; Editing by Kirti Pandey)