Sentences with phrase «then oil prices crashed»

And then oil prices crashed, forcing Poloz to drop his already low benchmark interest rate another half point in 2015 to avoid another deep recession.

Not exact matches

Since then, she's dealt with the crash in oil prices, and the current Alberta government's plan to phase out coal - fired power.

They included 1987 (biggest one - day stock market crash in history); 1990 (Iraq and then the United States invaded Kuwait, sending oil prices up and causing a recession); 2001 and 2002 (the dot - com crash and September 11 created two years of market losses); and 2008 (the Great Recession).

After crashing last year and then hitting several peaks and valleys, oil prices have traded within a relatively narrow range, with WTI bouncing around a bit above and below the $ 60 per barrel mark, and Brent staying near $ 64 per barrel.

The last time oil prices crashed in 2008, then Finance Minister Ron Liepert pledged to do the same.

Then, the weeks that followed brought the deep, unexpected plunge in world oil prices, a crash Ottawa has predicted will indirectly chew billions of dollars from its bottom line.

Then fracking and oil sands and deep water drilling brought new supplies on stream and we got an oil price crash instead.