The spreading coronavirus outbreak will hit Canada's already struggling ene...
OTTAWA/TORONTO - The spreading coronavirus outbreak will hit Canada’s already struggling energy industry, Finance Minister Bill Morneau said on Monday, just as Ottawa is set to decide the fate of a major new oil sands project.
“Just when it looked like investment might be coming back to the oil patch this renewed downturn in oil prices could stem the inflow of capital into the sector,” Guatieri said. Consumers, however, might benefit from lower gasoline prices, while bond yields, which help determine the level of mortgage rates, have fallen about 40 basis points since January. That may benefit people buying houses in major cities where demand is strong.
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