Continuing Oil Discount Will Slash Canada’s Economic Growth

In a common-sense conclusion, TD Bank economists say Canada’s economy will suffer if the massive oil price discount for Canadian oil continues.

The damage will be worst in Alberta, and overall growth in the country will fall by 0.5%.

Keep in mind, considering that economic growth is already struggling to keep up with inflation and population growth, a 0.5% fall would shift Canada closer to a recession.

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