Worry and frustration mount in Alberta as oil prices languish - News Summed Up

Worry and frustration mount in Alberta as oil prices languish


While a business audience streamed inside the hotel to listen to the prime minister speak, the large crowd chanted, "Build that pipe!" (CBC)An analysis from BMO Capital Markets on Friday said the longer the extreme lows persist for Canadian oil prices, the greater the economic damage for Alberta, and the national economy. "Generally speaking, the federal government doesn't get much directly from the energy industry, but indirectly they certainly do. She said some people also feel there's a measure of satisfaction outside Alberta to see the province struggle. But as time winds on — and oil prices languish — concern and frustration build.


Source: CBC News November 25, 2018 09:00 UTC



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