[Newsbot]

Title: Oil-price drop impact on Canada lessened thanks to foreign ownership
Category: Business
Posted By: andyt
Date: 2015-05-31 19:56:36
Canadian

[andyt]

Always a silver lining.

[martin14]

That's the most stupid 'silver lining' I have ever seen.


Mind you, CBC writing about business, inviting the Dippers to comment about business,

you are bound to get really special levels of stupidity.

[andyt]

Funny, I thought it was Finance Canada that said it and CBC just reported it.

$1:

"As a result, the potential negative wealth effects of lower oil prices on consumption may be considerably less than might appear," says the memo for Paul Rochon, deputy minister of finance.

Of course if that's true, wouldn't the benefits of the high oil prices we had previously have been considerably less than might have appeared too? Maybe all along when they extolled foreign ownership, low oil prices is what they were thinking of.