Oil Price Forecasters Adjust to a New Market Reality

Oil Price Forecasters Adjust to a New Market RealityAs recently as a couple of months ago, few in Alberta would have predicted that the biggest blow to their oil-driven prosperity since the global financial downturn would come via a shakedown by Saudi Arabia. The most popular assumptions about the big risks would have been: lack of market access, competition from U.S. shale production, green campaigns against the oilsands, policy initiatives related to climate change and investment scarcity because…

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Plunging Gas Prices Lower Inflation

Plunging Gas Prices Lower InflationA combination of Christmas sales and falling gasoline and food prices contributed to one of the biggest one-month drop in consumer prices in years in December, Statistics Canada said Friday. The 0.6 per cent overall decline in prices from November slashed the annual inflation rate by a similar amount to 2.3 per cent. The one-month decline was the steepest since the summer of 2009, when the country was in recession….

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