Canada deputy warns lower oil prices likely 'to be bad' for the country
Timothy Lane says gains from recent drop will be reversed by hit to producers and exporters
The decline in global oil prices poses "important risks" to Canada's economic outlook, according to Bank of Canada (BoC) deputy governor Timothy Lane, who warns lower oil prices are likely, "on the whole, to be bad" for the country.
Speaking at the Madison International Trade Association in Wisconsin yesterday, Lane said the positive effect of lower oil prices on the world economy would "increase Canada's non-energy exports, boost confidence and lead to improved business investment".
"However,"
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