It's Time Canada Did Some Long-term Thinking About Oil
Category: BUSINESS
The Bank of Canada would be wise to consider the future we're heading towards. For a petro-economy such as Canada's, where the energy industry and the country's economic well-being are closely linked, the financial risks associated with the pending battle against climate change are much greater than any cyclical downturn in oil prices.
By Jeffrey Rubin, ContributorFormer Chief Economist, CIBC World Markets, 2015-02-10