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- This sensitivity analysis suggests that the run-up in crude oil prices since the start of the fourth quarter of 2011 has actually exerted a drag on Canadian economic growth. Notably, WTI prices surged from about US$76 per barrel in October to around US$100 at year’s end and have oscillated between US$95-105 per barrel since.
www.td.com/document/PDF/economics/special/dp0512_oil.pdfExamining the Impact of Crude Oil Price Movements on ... - TD
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Mar 7, 2024 · After a relatively weak year for Canada’s oil producers, output growth in 2024 could amount to a significant 300–500k/barrels per day — putting the nation in the running to be the largest source of global oil supply growth.
Oct 12, 2023 · In 2024, Canada could be the largest source of growth in global crude oil production. The country's expected jump in oil output of about 500,000 bpd is higher than the 400,000 bpd projected...
- Methodology
- Assumptions
- Definitions
There are several ways to estimate the impact of an industry or activity on the Canadian economy. This type of analysis can be done using an Input/Output Model (I/O Model) or some form of Computational General Equilibrium (CGE) model. The CGE model can generate different results because CGE models don’t require restrictive assumptions like fixed pr...
The study makes a number of assumptions. It assumes no supply constraints, no relative price effect, and the assumption of fixed proportion (Leontief) technology in production. The model assumes a short-run time horizon, and the economy is in equilibrium during the short period. To derive the calculations in this study, we needed an estimate of cru...
Pipeline transportation is defined by NAICS subsector 4861(crude oil and other pipeline transportation). It includes industry groups primarily engaged in the transport of crude oil by pipeline. It excludes NAICS 4862 (Pipeline transportation of natural gas) and NAICS 4869 (Other Pipeline transportation). GDP is defined as the unduplicated value of ...
Aug 23, 2023 · Aug 23 (Reuters) - A busy oil sands maintenance season and early summer wildfires put a dent in Canadian crude production in the second quarter, but oil companies are ramping up growth...
May 20, 2022 · Social Sharing. The sky high price of gasoline is pushing many Canadians to their financial limits. Usually when this happens, the pain at the pumps is offset by a burst in growth for the...
Jan 27, 2022 · In 2020 and into early 2021, COVID-19 had a devastating impact on Canadian crude oil and natural gas exports. Over the past few months as the global economy has begun to recover from COVID-19, however, the demand for oil and gas has increased.
Dec 13, 2021 · The impact on the Canadian economy of the broad Canadian oil and gas sector, which includes both the direct and indirect impacts of oil and gas extraction and oil and gas investment, is significant — even with the energy price decrease of 2017.
