Bad news for the oilpatch: no quick turnaround says Conference Board of Canada

Global News

CALGARY – The Conference Board of Canada has some bad news for those hoping the crude oil downturn will be short-lived.

In its latest report, the Ottawa-based think tank says the industry is unlikely to bounce back as quickly this time as it did after the last major drop in 2008 and 2009.

Crude prices saw a much more drastic drop the last time around – touching records above US$140 a barrel and lows around US$33 in a half-year span – but by 2011, were back above US$100.

This time, the board says prices aren’t likely to climb above US$80 a barrel in the foreseeable future – thanks to drilling technology that has unlocked huge volumes from U.S. tight oil formations.

The outlook through 2019 is about US$30 below what the board had forecast during the first quarter of 2014.

The Conference Board predicts revenues will drop by 38 per…

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Red carpet glamour as stars gather for the 9th Asian Film Awards

中国新闻

The stars of the big screen descended on Macau on Wednesday evening for the 9th Asian Film Awards. Here’s our selection of red carpet favourites. 

from South China Morning Post – News feed http://ift.tt/1IuIzMV

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Dion announces Vegas return, says ailing husband will be at her shows

Global News

TORONTO — A year after announcing she was taking a break to care for her ailing husband, Canadian superstar Céline Dion is returning to the Las Vegas stage.

The singer, who stepped out of the spotlight last August to spend more time with René Angélil, said Wednesday she will be back at The Colosseum at Caesars Palace on Aug. 27.

“I am excited to finally tell my fans I am coming back to Caesars Palace,” Dion said, in a release. “It was René’s wish that I come back. While my family will always be my priority, my fans are just as important to me. I look forward to performing again for all of you.”

Dion thanked fans for allowing her time to be with her family and said Angélil will be in Vegas with her.

“He wants me to sing again, and I want to do this with him,”…

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