Depending on who you listen to, oil prices are either about to crash again, or soar much higher. Here’s how all the arguments stack up.
As the price of crude plunges, and drags the loonie with it, the pain stretches far beyond the Alberta oil patch. What’s next for Canada’s economy?
An effort to significantly reduce global CO2 emissions would likely cause the price of oil to fall, and with it, oil sands development.
The loonie’s rise is creating headaches for the Bank of Canada
Drivers across the country are seething mad. The price of oil has fallen from a high of $147 a barrel in early July to just over $100, but instead of lowering the price of gas, the gas stations have just hiked it up! Many parts of Canada saw a big jump at the pumps this morning, with prices up to as high at $1.36 a litre here in Toronto.