The current glut of cheap oil will keep prices low into next year in 2017 at least, forecasters at the International Energy Agency said Monday. This time last year, the Paris-based IEA was forecasting a “relatively swift” bounce back for oil prices that were in the $50 US range, after having fallen by 50 per […]
canadian economy 2016
Economists at Canada’s big banks predict bad Canadian economy in 2016
Canada is headed for a rocky year in 2016 as low oil prices continue to drag on economic performance, the chief economists of some of Canada’s biggest banks said Tuesday. Bank of Montreal chief economist Douglas Porter told a morning gathering of leading economists that it’s going to be a “very close call” whether […]
