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- Higher oil prices are still a net positive for the Canadian economy, said CIBC's Shenfeld, but things are different this time. "When they're caused by disruptions in the global economy they are not as powerful as when they are caused by strength in economic activity around the world," he said.
www.cbc.ca/news/business/oil-prices-canada-s-economy-1.6459514Why high oil prices aren't creating an economic boom in Canada
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May 20, 2022 · The recent surge in oil prices is still a net benefit to Canada's economy, but not nearly to the extent that we have come to expect. Pain at the gas pumps in Canada is usually...
Oct 21, 2021 · Oil and natural gas prices have risen considerably over the past nine months. The price of Western Canadian Select crude oil (WCS, the benchmark price for Alberta oil) averaged US$45.13 per barrel in January 2021. By the first week of October, that price had increased to $64.78 per barrel.
Jun 8, 2022 · Analysis. Why high oil prices aren't creating an economic boom in Canada. Typically that discount is about $10-$15 US a barrel, but recent events have pushed the gap to beyond $20. That's...
Apr 3, 2024 · Oil prices reached their highest levels in five months this week, and economists say that could make the Bank of Canada a “little concerned” as it figures out the right time to cut interest...
May 12, 2022 · Inflation is at 6.7%—a three-decade high. Learn more about the consumer price index and how the Bank uses it to target inflation. These are unusual times. Believe it or not, higher commodity prices can be a good-news story. Canada exports many commodities like oil and gas.
Jun 13, 2022 · Oil prices are rising, but Canada is getting comparatively less for every barrel — here's why; The next wave of electric vehicles is coming — and it could be buses, semis and other large...
Apr 4, 2023 · TORONTO - A surprise production cut by the Organization of Petroleum Exporting Countries and its allies (OPEC plus) is just one factor lifting the spirits of Canada's energy sector executives these...
