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.
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.
Not exact matches
Edmonton, June 2, 2016 — Canadian Western Bank (TSX: CWB)(CWB) today announced second quarter financial performance which included strong growth in pre-tax, pre-provision (PTPP) earnings and the significant
negative impact of persistent
low oil prices on the credit performance
of oil and gas production loans.
CWB today announced second quarter financial performance which included strong growth in pre-tax, pre-provision (PTPP) earnings and the significant
negative impact of persistent
low oil prices on the credit performance
of oil and gas production loans.
Members were less worried about the
negative impacts of Brexit,
low oil prices and China's economic growth.
The economy's struggles — led by the deep,
negative impact of stubbornly
low oil and commodity
prices — have forced experts to repeatedly downgrade their growth forecasts for Canada.
At the same time,
lower oil prices are having a
negative impact on some aspects
of the U.S. energy sector, leading to possible layoffs and
negative impacts in energy - centered markets.