Sentences with phrase «slide in oil prices»

With Alberta in recession following a long slide in oil prices, Calgary's mayor says leaner times can spur economic creativity

Monday's release, less extensive than the government's annual fall updates, comes amid numerous downgraded growth forecasts for Canada, which has been hit particularly hard by the steep slide in oil prices.

Despite the pickup in job growth and overall output, the panel expects inflation will remain tame next year, in part because of the recent slide in oil prices.

(Reuters)-- Royal Dutch Shell expects to report a near halving in profits in the last three months of 2015 following the further slide in oil prices, it said on Wednesday, a week before shareholders meet to vote on its $ 47 billion deal to take over rival BG Group.

A relentless slide in oil prices — Brent crude has almost halved in price since June — while a blessing to most rich world consumers, is becoming a curse for countries reliant on resource exports.

Political uncertainty in Greece, concerns of global growth and the impressive slide in oil prices have roiled markets in recent weeks and have seen a dismal start to 2015 for many asset markets.

Following a slide of more than 70 % slide in oil prices from mid-2014, Gulf economies are reeling from the impact of declining fiscal incomes.

The long slide in oil prices, the rising US dollar and the continuation of the equity bull market made 2014 the best year for the strategy since 2008, with returns of 10.7 per cent in such hedge funds, according to HFR, the data provider.

Poloz recently said that while the steep slide in oil prices can be mitigated to a degree, there was no simple policy fix to the ailing economy.

Of course the slide in oil prices will likely have implications well outside of Alberta, it might be a good time for everyone to take stock of their debt levels.

And the slide in oil prices, in turn, was blamed by market analysts on rising U.S. oil output, as well as the International Energy Agency's (IEA) downgraded global oil demand forecasts, which contradicts OPEC's rosier outlook that demand for oil will strengthen.

And the Loonie suffered the bulk of its losses on Monday and Tuesday, apparently because the Loonie was tracking the slide in oil prices.