CIBC World Markets Corp. Deputy Chief Economist Benjamin Tal suggests there’s another unfamiliar force Canadians ought to embrace: lower oil prices. For Alberta, the nation’s energy producing heartland, oil’s move from $30 to $40 per barrel “is not a gamechanger,” according to Tal, as it’s unlikely to spur producers to boost capital spending. But on the flip side, the pickup in oil prices is making it harder for the rest of the economy to perform well, he said. Because oil plays an immense role in determining Canada’s terms of trade, there is a strong correlation between the value of the Canadian dollar and crude prices. The recent strength of the loonie could jeopardize the competitive advantage exporters have […]