Bloomberg After almost two years of sinking oil prices and at least 40,000 job cuts, Canada’s petroleum industry still isn’t finished tackling its bloated operations. The next round of layoffs has already begun with Cenovus Energy Inc. and Murphy Oil Corp. announcing workforce reductions last week. Ongoing cuts by Suncor Energy Inc., Encana Corp. and others will likely result in …

AFP Despite slashing oil imports, Canada’s trade deficit with the world widened to Can$1.9 billion (US$1.5 billion) in February, according to the government statistics agency. The figure is up from Can$628 million (US$476 million) the previous month, and about one billion dollars more than the street expected. Exports fell 5.4 percent from a record high in January to Can$43.7 billion …

Bloomberg US international trade grew in February after a steady fall since 2014, but still remained lower than year-ago levels, the Commerce Department reported on Tuesday. Exports and imports were both higher after sinking to nearly five-year lows in January, a mark of the overall slowdown in global trade as well as the plunge in commodity prices. Exports rose by …