Canada Economics

Loonie proves resilient to slump in oil prices

Canada Economics Weekly
Written by Capital Economics Economist

The slump in oil prices this week is undoubtedly bad for the economy, but we’re not convinced by reports of an imminent 6% cut in oil production. While the loonie proved resilient to the drop in oil prices, we expect it to depreciate a touch further next year.

Cancel X

Register now for immediate access


Registered users can read up to 3 reports. Enter your details below for immediate access. If you would like to request a full trial of our services, please fill in the trial request form instead.
Note our system only accepts work email addresses (e.g. no Gmail, etc.).