Canada is in close contact with the United States about the oil price crash and its effect on the industry, Canada’s Deputy Prime Minister and Minister of Intergovernmental Affairs Chrystia Freeland told media. “Let me just say that this is a very fast-moving situation,” Freeland said as quoted by CBC News. “The current situation in the global energy markets is something that we’re very concerned about.” The oil price shock has left the Canadian oil industry reeling, with the local crude benchmark sinking below $10 per barrel, casting a shadow over the industry’s survival chances yet again. What’s more, the crisis could threaten the whole Canadian economy. “With the economy already on precarious footing, the added shocks of the recent rail blockade protests, the arrival of COVID-19, and a collapse in oil prices have brought the country to the brink of recession,” the Conference Board of Canada said in […]