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Gas prices remain around $1/litre but crude prices continue to drop
Crude prices remain low and oil industry businesses have announced layoffs of at least 8,000 employees in Canada. Imperial Oil reported its second quarter profit plunged 90 per cent this year to $120-million, compared to $1.2-billion last year. Enbridge Inc. reported net earnings of $577 million, down from $756 million in the same period last year. TransCanada however earned $429 million or 60 cents per share for the quarter ended June 30 compared with a profit of $416 million or 59 cents...

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