What does Canada’s economy look like with oil prices at $40 a barrel? Certainly it won’t be the energy superpower envisioned by Prime Minister Stephen Harper. If $40 a barrel still seems a ways off, consider that the benchmark price for oil sands crude is already trading in that price range. What’s more, if production […]
Fracking review panel set to study issue on East Coast
A panel of five academics is getting set to tackle the issue of fracking. The group, put together by the Newfoundland & Labrador government will have a year to investigate the controversial subject. The review panel includes: Graham Gagnon, a professor at Dalhousie University and expert in water management; Maurice Dusseault, a professor in the […]
Impact of falling oil prices on Canada
Oil prices are coming down and analysts aren’t mincing words saying say it’s bad news for Canada’s oil-producing provinces. But there is a flip side because bad news for the drillers in this instance is good news for Canadian consumers, who should be able to get a respite from high gas prices. Brent crude prices […]
Canada’s economy buoyed by hike in oil
Fighting in Iraq has crude oil prices on the rise. As a result, some Canadian economists say our country stands to benefit. Although Scotiabank commodity market specialist Patricia Mohr feels a hike in prices will have a “two-pronged impact.” Adding, “on the positive side, it really bolsters earnings for Western Canada’s oil industry, but also […]