Who's afraid of $50 oil? (Answer: Canada's oil industry)

[rwana]

http://i.cbc.ca/1.2960350.1437935492!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_460/oil-workers.jpg Oil's month-long slide below $50 a barrel could spur another leg down for Canada's oil industry. In the next few weeks, companies will start planning next year's budgets in earnest. Current commodity prices mean more hard decisions on jobs and spending could be on the way.


more .... (http://www.cbc.ca/news/business/who-s-afraid-of-50-oil-answer-canada-s-oil-industry-1.3168362?cmp=rss)