An Unmatched Tradition: Four Sisters Took Annual Photo For 40 YearsCrescent Point Energy signs deal to sell assets in North Dakota for $675M in cash
CALGARY — Crescent Point Energy Corp. has signed a deal to sell its North Dakota assets to a private operator for about $675 million in cash. The Calgary-based company announced the sale Thursday, saying in a news release that the limited drilling inventory associated with the assets means oil production from the area is expected to decline over time.
Highly indebted Canadians hoping for relief from a rapid rise in mortgage rates are in for some disappointment, as recent moves in the bond market point to interest rates staying at elevated levels for longer than previously expected due to stubborn inflation. The yield on Canada's 5-year bond climbed on Tuesday to a 16-year high of 4.17%, up from 2.66% in March, as investors gave up on the notion that the Bank of Canada and other major central banks will pivot quickly to rate cuts.