Oil just hit a 4-year low, Cenovus and other producers are cutting deep in Alberta, and now Ontario’s losing 6,000 auto jobs thanks to Stellantis halting production.
For once, it’s not just Alberta taking the hit, Ontario’s getting dragged into the mess too. Whether you’re in oil or auto, west or east, the pain is spreading.
Canada finally found common ground: job losses and economic gut punches.
Certainly beat competitors when it comes to the lowest stock prices, lowest employee morale, over inflated management levels and headcount’s in functions like HR
Blah blah who gives a sh-t. It’s the patch.
Is it true that one of our downstream sites may remain offline indefinitely after its turnaround?
Stock price down over last five days …
Cenovus -18.6%
Suncor -13.6%
Imperial -10.8%
CNRL -10.7%