11.05.2016 - Oil and Gas Drag Down Canada Investment Plans for Second Year
Oil and gas companies hurt by low prices are leading a drop in Canadian investment plans for a second year, a government survey found. Planned spending by companies and governments on non-residential construction and machinery and equipment will fall. 4.4 percent in 2016 to C$241.6 billion, Statistics Canada said Tuesday from Ottawa. The survey backs up recent statements from Bank of Canada policy makers, who say the country is undergoing a complex adjustment as an oil-price shock and slower global demand hamper growth...............................................Full Article: Source
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