Post by rubl on Jan 21, 2016 12:26:09 GMT 7
High oil prices bad for the economy, but it would seem low oil prices as well.
"What lower oil prices mean for the Canadian economy
The reality that lower oil prices may be in place for more than a year—perhaps two, as opposed to months—is only now beginning to settle in
OTTAWA–Canada’s central bank cut interest rates for the second time in six months, highlighting how severely the oil-price collapse is crimping growth in one of the world’s most energy-dependent advanced economies."
www.wsj.com/articles/falling-oil-prices-hit-canadian-economy-1437002047
"What lower oil prices mean for the Canadian economy
The reality that lower oil prices may be in place for more than a year—perhaps two, as opposed to months—is only now beginning to settle in
OTTAWA–Canada’s central bank cut interest rates for the second time in six months, highlighting how severely the oil-price collapse is crimping growth in one of the world’s most energy-dependent advanced economies."
www.wsj.com/articles/falling-oil-prices-hit-canadian-economy-1437002047
