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