Alberta to bear brunt of deep recession in Canada as ultra-low oil prices bite – RBC

摘要

The Saudi-Russia oil price war and plummeting demand due to the coronavirus pandemic will send Canada’s oil and gas producing provinces into recession in 2020, according to a bearish new report from the Royal Bank of Canada (RBC). Alberta will be worst hit, with the crisis set to exacerbate existing problems in Canada’s biggest oil and gas producing province, hindering its recovery from the previous price crash of 2014, the RBC report warns.