Sudden oil price drop a crude awakening for Canada's economy

Author: Д.П. [320 views] 2014-10-11 21:53:12

не радуются провинциальные правительства, подсевшие на нефтяную иглу, ой не радуются.

http://www.cbc.ca/news/business/oil-price-at-85-costing-provinces-and-economy-billions-1.2795062

BMO economist Robert Kavcic noted those lower prices are costing billions to Canada's three most oil-dependent provinces: Alberta, Saskatchewan and Newfoundland and Labrador.

In recent budgets, all three provinces made revenue projections based on assumptions that oil prices would be a lot higher than they are.

Alberta's estimates are based on oil being about $97 a barrel. Saskatchewan assumed just under $100 a barrel. And while Newfoundland and Labrador bases its oil projections on Europe's benchmark, known as Brent Crude, that province was assuming the price would average about $105 a barrel.
...
"While lower oil prices is bad for Canada, the benefit to other net importing nations may boost economic growth, promoting non-oil exports to Canada," Madani said.

Reply
|
Reply to sender (private) |
Synchronize | Thread