Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Canada’s Economy Unexpectedly Stalls as Oil Production Drops

Discussions about the economic and financial ramifications of PEAK OIL

Canada’s Economy Unexpectedly Stalls as Oil Production Drops

Unread postby AdamB » Sat 23 Dec 2017, 10:29:19


Canada’s economy unexpectedly stalled in October on a decline in oil output, a disappointing kickoff to the final quarter of 2017. Gross domestic product was unchanged from September, Statistics Canada reported Friday in Ottawa, weighed down by a 3.5 percent drop in production by oil sands companies. Economists surveyed by Bloomberg News had forecast a 0.2 percent gain for October. The report may cast doubt on the economy’s ability to end a stellar year with any momentum. Economists, including those at the Bank of Canada, had anticipated growth would accelerate in the fourth quarter, after a slowdown in the middle part of the year. Erik Hertzberg/Bloomberg The currency dropped by as much as 0.5 percent after the report. Investors are betting the Bank of Canada will raise rates as many as three times next year, as the economy continues to grow at a strong


Canada’s Economy Unexpectedly Stalls as Oil Production Drops
Peak oil in 2020: And here is why: https://www.youtube.com/watch?v=2b3ttqYDwF0
AdamB
Volunteer
Volunteer
 
Posts: 4631
Joined: Mon 28 Dec 2015, 16:10:26

Return to Economics & Finance

Who is online

Users browsing this forum: Exabot [Bot], Kialof and 15 guests