Canada grappling with ‘dramatic plunge’Government forecasts loss of C$40B in annualized oil exports, holds out hold for gradual turnaround in prices over next two years Gary Park Petroleum News
The Canadian government’s newly released 2015-16 budget paints a stark picture of the economic fallout from the slide in oil prices, with the value of exports — almost exclusively to the United States — dropping by an annualized C$40 billion, or 2 percent of gross domestic product.
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