In the background of all this rate talk, is the global economic impact of lower oil prices. (moneysense.ca)
Oman, the poorest Gulf Arab country on the basis of economic output per person, was cut for the first time by Moody's Investors Service, which cited the negative impact of lower oil prices on government finances, economic performance and balance - of - payments. (news.peak-oil.org)
The negative impact of lower oil prices will gradually be mitigated by a stronger U.S. economy, a weaker Canadian dollar, and the Bank's monetary policy response. (bankofcanada.ca)