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Falling oil prices add nearly $400 million to forecast

  • By: Sue Bailey
  • December 16, 2014 December 16, 2014
  • 11:50

If oil price drops too far, the picture gets bleak

Ultimate impact will be determined by the length and severity of price declines, and spillovers to the broader economy

BMO report looks at potential winners and losers should oil prices remain near US$60

Drop could stimulate U.S. economy, curb Canadian government revenues

Global demand has not kept pace with strong oil production worldwide, leading to revised price assumptions