Canada's economy is a disaster from low oil prices

April 13, 2015 3:23 PM

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Canada's economy is a disaster from low oil prices

Low oil prices are threatening the health of Canada's oil and gas sector, which in turn, is causing turmoil in Canada's economy as a whole.

The fall in oil prices is forcing billions of dollars in spending reductions for Canada's oil and gas industry. In February, Royal Dutch Shell (RDSA) shelved plans for a tar sands project in Alberta that would have produced 200,000 barrels per day. Last year, Petronas put off plans to build a massiv...

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