CANADA WILL LOSE
Persistence of low crude oil prices through 2021 would hurt more than help the Canadian economy by constricting oil-producing and affiliated industries, finds a study by the Canadian Energy Research Institute.
"The regional differences suggest that some provinces will hurt and some will benefit from lower crude prices, but on the national level Canadian economic growth will suffer as a result of low crude prices," says the study by Dinara Millington.
The study models economic effects of a reference case assuming a West Texas Intermediate crude price rising from $53.25 (US)/bbl in 2015 to $72.88/bbl in 2021 and…
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