US bank JP Morgan Chase today issued a chilling warning on the impact that Canada will feel from the collapse of oil prices.
US bank JP Morgan Chase today issued a chilling warning on the impact that Canada will feel from the collapse of oil prices. With experts now forecasting growth of 2 per cent, possibly lower, nationally this year and some suggesting a recession for Alberta, the bank says “there will be blood”. Additionally, a new poll today show that 1 in 5 energy companies in Alberta are predicting job cuts with many already cutting workforce, capital spending, or both.
