Profits, labor woes hit AlbertaConference Board of Canada predicts 25% drop in profits this year, but expects 2008 rebound Gary Park For Petroleum News
The Canadian oil industry is headed for a 25 percent jolt to its bottom line this year as lower commodity prices earlier in the year and rising industry costs cut into profits, the Conference Board of Canada predicts.
Total profits in the sector are forecast at C$12.6 billion, which the independent....
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