| Crude oil has been like black gold for Canada’s three energy-exporting provinces, but further declines in oil prices could spill some red ink onto their balance sheets.
Alberta, Saskatchewan and the east coast province of Newfoundland and Labrador have enough flexibility to maintain their high credit ratings even if oil prices drop to around $60 and remain there for the 2015-16 fiscal year, bond rating firm Moody’s Investors Service said in a report Tuesday. Oil is currently around $75 dollars a barrel..........................................Full Article: Source
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