Daily Archive: April 1, 2020

Oil stocks surge after Keystone deal, but sector isn’t out of the woods yet

The Canadian energy sector has offered its investors little in the way of hope since a global oil price war made the price of a barrel of the country’s crude cheaper than a pint of beer, forcing companies to slash dividends and threatening the continuity of others.

But amid a torrent of bad news, the energy sector was quietly rallying as the S&P/TSX Capped Energy Index had gained more than 34 per cent in nearly two weeks. So when it finally delivered good news on Tuesday, investors loudly voiced their excitement in the form of investment dollars.

TC Energy Corp. announced that it will be going ahead with the construction of the Keystone XL pipeline in early April after the Alberta government bought a US$1.1 billion equity stake in the project and said it would be providing another US$6 billion through a loan guarantee.

On the back of that news,

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Cuba suspends arrival of international flights to stop coronavirus By Reuters


HAVANA (Reuters) – Cuba said on Tuesday it was suspending the arrival of international passenger flights and asking all foreign boats to withdraw from the Caribbean island’s waters to curb the spread of the new coronavirus.

Cuba, which has confirmed 186 cases of the fast-spreading disease, partially closed its borders last week, banning the arrival of foreign tourists and the departure of Cubans.

But Cubans and foreigners with Cuban residency continued to return on a dwindling number of flights, although they were required to spend two weeks in quarantine at state isolation centres. The new measures appear to close that door.

“We need to eliminate the arrival of passengers who continue to pose a risk to people’s health,” state television showed Prime Minister Manuel Marrero saying during a high-level crisis response meeting.

Marrero clarified that Cuba would remain open for commerce and donations.

Cuba first reported cases of the new

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Coronavirus finances: What to do when your bills are due

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