falling oil prices
May be able to borrow money at lower rates.
Oil has been trading near a 6 1/2 year low because of worries about the health of China's economy, concerns that had punished other commodities as well as global stock markets.
The drop in oil prices comes as Canadian producers struggle with a high discount to the U.S. benchmark after a major shutdown at a refinery that processes Canadian heavy oil.
CIBC is predicting Alberta’s economy will shrink by 0.3 per cent in 2015, as activity in the oilpatch dries up.
Go West, oil worker.
A new bank forecast argues the financial blows of low oil prices on the Canadian economy could be more than cancelled out
TORONTO - The loonie plunged to a level not seen in more than five years Friday amid a strengthening U.S. greenback and weaker
Prentice says the government is looking at a wide range of projects in the five-year capital plan, but adds none is being
Increased consumer spending and additional money for savings are two of the benefits to lower oil prices, federal Finance
Falling oil prices is expected to affect the Canadian economy. The low prices may have different effects on the Canadian economy and in various geographical locations of the country. The oil sands in Alberta require high oil prices for the extraction of oil to be feasible. A fall in oil prices may make the production of oil in Alberta economically unfeasible.