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Oil’s the new kingmaker, but Canada refuses the crown
Published 3 weeks, 4 days ago
Description
While the world enters a "scramble for security," Canada sits on the very resource everyone is desperate for, yet the domestic economy is showing signs of "energy paralysis." According to the latest Statistics Canada data, the economy eked out a meager 0.1% growth in January—and that tiny fraction was driven almost entirely by the 1.2% rebound in the oil and gas extraction sector.