Skip to main content

A pump jack draws oil from the ground near a hydraulic fracturing operation near Bowden, Alta.

Jeff McIntosh/The Globe and Mail

Oil's drop from the $100-a-barrel mark could help the global economic recovery, but it's a mixed blessing for Canada's oil exporting economy.

Lower prices may trickle down to the pump, but cheaper oil could both help and hurt Canadian companies.

Earl Sweet, a senior economist and manager with BMO Capital Markets, joined us and answered questions about the price of oil, and where it's going.

Story continues below advertisement

Mobile readers click here.

Report an error Licensing Options
Comments

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨