It’s not often that Canadian oil markets require the intervention of the government to put them back on course. In fact, the last time such a scenario transpired was all the way back in 1981. But in late December, that’s just what happened in the province of Alberta, home to the country’s abundant oil-sands industry.
The Bank of Tokyo-Mitsubishi UFJ (BTMU), Japan’s largest bank, is expanding its reach in North America. Koji Asada, president and CEO of BTMU Canada, announced the opening of the bank’s new office in Calgary, Alberta.