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Cenovus Energy Inc
Symbol CVE
Shares Issued 1,849,419,038
Close 2026-08-25 C$ 42.80
Market Cap C$ 79,155,134,826
Recent Sedar+ Documents

Globe/wire say Suncor told Hormuz not so much blues

2026-08-26 09:16 ET - In the News

See In the News (C-SU) Suncor Energy Inc

The Globe and Mail reports in its Wednesday edition that the global economy has weathered the Iran war energy shock better than feared, International Monetary Fund's Kristalina Georgieva said Tuesday, but she raised concerns about deteriorating fiscal conditions in some countries shown by rising bond yields and a stalled disinflation process. A Reuters dispatch to The Globe quotes Ms. Georgieva telling reporters ahead of next week's G-20 meeting in Asheville, N.C., that there was a "tug of war" between the negative Gulf energy supply shock and growth tailwinds from the artificial-intelligence investment boom that was starting to spread beyond U.S. borders. She said central banks will have to maintain tight monetary policy to control inflation. Global growth is "resisting powerful headwinds from high debt levels, stubborn inflation and trade tensions. Thus far, it has weathered the energy shock caused by the closure of the Strait of Hormuz better than we feared, thanks to a combination of factors," Ms. Georgieva said. These factors include drawdowns of oil and gas reserves by many countries, increases in non-Gulf energy supplies, lower energy demand, increased renewable energy capacity and a return to coal power.

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