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Reserves News

World oil glut may force OPEC to prolong curbs until 2018

When OPEC announced its first oil production cut in eight years in January, oil traders around the world began emptying their storage tanks of millions of barrels of crude, flooding the market. But, the expected end to the world oil glut is not happening.

Canada adds sterling to foreign currency reserves

Canada said on Monday it will start including sterling-denominated assets in its foreign currency reserves to improve liquidity and better prepare the country against potential shocks.

Tiger population falls dramatically in India

A century ago, India's wild lands were home to about 40,000 tigers. Today, it's estimated only 1,000 tigers remain as a result of poachers and big game hunters.

Cuba's Oil Estimates Double, on Par with US Reserves

Cubapetroleo, the state-run oil company has revealed that the country may have more than 20 billion barrels of oil in offshore fields.

Army Invades Campbellton, New Brunswick

The city of Campbellton is the setting for a day long training exercise for reservists with the 2nd Battalion of the Royal New Brunswick Regiment. Reservists will practice map and compass navigation in an insertion and extraction exercise.

Canadian Forces delivers one hundred thousand books to northern Ontario First Nations

It is a military mission to bring the joy of reading to children in Ontario's First Nations. One hundred thousand books are on their way north.
 

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