Profits in Canada sagging
Conference Board of Canada predicts country’s oil and gas profits at C$20 billion, down from 2005 record of C$25.2 billion
By Gary Park
For Petroleum News
Without the oil sands, Canadian oil and gas profits would be headed to a cold shower this year as the Conference Board of Canada predicts the industry will rake in profits of C$20 billion, sharply off last year’s record C$25.2 billion.
Even so, the board said strong commodity prices will keep the in....
[additional news subjects in this story]
Labor, materials, capital costs to rise
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