Kyle Bakx

Reporter

Kyle Bakx is a Calgary-based journalist with CBC's network business unit. He's covered stories across the country and internationally.

Latest from Kyle Bakx

Morgan Stanley expanding further into Canada with new wealth management service

The company will add more jobs in Calgary and Toronto.

Oil revenues plunge for many Indigenous communities in Western Canada

In recent weeks, focus has been paid to the plight of corporate Calgary as large oilpatch companies reporter billions of dollars in financial losses. But far away from those downtown towers, many First Nations are dealing with the repercussions of the current crisis in the energy sector.

Construction of expanded Trans Mountain pipeline to begin soon in B.C.

Construction will soon ramp up on the expansion of the Trans Mountain oil export pipeline, including the installation of pipe in British Columbia where opposition to the project has been loudest.
Analysis

COVID-19 wipes out demand for fossil fuels — will they bounce back?

People are creatures of habit and may eventually return to the same lifestyles they had before COVID-19. On the other hand, the severe lockdown may be just enough to change those personal and professional routines and usher in an era less reliant on fossil fuels.
Analysis

What's worse than losing billions of dollars in the oilpatch? Not knowing when it will stop

Financial results in the oilpatch were expected to be grim, yet the figures announced so far this week are still alarming, as the bloodletting of company balance sheets begins.

How new technologies could protect industrial workers from COVID-19

Some of the largest outbreaks in Canada have taken place in industrial workplaces, such as the hundreds of confirmed cases linked to meat-processing facilities.

Canadian oil companies start revealing their profit numbers — and they won't be pretty

Oil producers, pipeline shippers, and refineries are all struggling as there's too much oil coming out of the ground, with not nearly enough demand or places to store it.
Analysis

5 things to consider as some provinces look to reopen for business

Many people would like to have life return to normal, but in the absence of a vaccine, effective treatment or rapid testing, the reopening of a province may prove to be much more difficult than when governments shutdown their economies.
Analysis

The day oil was worth less than $0 — and nobody wanted it

The markets have been excessively volatile since the pandemic began, but on Monday the truly unthinkable happened — oil prices turned negative.

Shop owners frantically launch online stores to stay open during pandemic

Many shops across the country are hurrying to launch online sales or expand their offerings to keep their businesses operating and meet customer demand. Still, the process can be challenging and time-consuming.
The COVID Economy

Oilpatch on 'pins and needles' waiting for aid, while Calgary Stampede uncertain

Whether it is tourism, retail or other industries, Alberta's economy is stalled as non-essential businesses and services are shut down to slow the spread of COVID-19. But the province is facing another financial blow because of the oil price crash.
Analysis

COVID-19 expected to bring unemployment of 5% to 85% in some areas — what does that mean for Canada?

When faced with daunting jobless figures like those we're currently seeing as a result of the coronavirus pandemic, the most important aspect is how long the crisis that caused them lasts.

Canadian oil production could fall 25% before post-COVID 'resurgence'

The magnitude of how deep the production cuts will reach is difficult to predict, but Enbridge's Al Monaco speculates oil companies will take significant measures.

Tech companies may leave Alberta over Kenney's devotion to oilpatch

The Alberta government's deep devotion to the oil and gas sector, including billions of dollars of support for the Keystone XL pipeline, is why some technology companies in the province are now looking to relocate elsewhere.

'There is some upside': Optimism in natural gas sector a result of oil industry's crisis

The problems plaguing the oil industry — a sharp drop in fuel demand and OPEC countries flooding the market with oil — could mean higher prices for natural gas.