Canada is the "world's biggest oil loser," buying its crude oil high and selling it low, costing...

|By:, SA News Editor

Canada is the "world's biggest oil loser," buying its crude oil high and selling it low, costing its economy ~$19B annually in lost revenue. The spread between Alberta’s exported Western Canada Select and Brent oil imported into Ontario and Quebec has reached ~$30.50/bbl, a difference BofC Governor Mark Carney says is creating a drag on growth.