The Canadian Press

2015-02-02 | Finance Committee Oil

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The NDP's finance critic says he will ask a House of Commons committee tomorrow to study the economic impacts of low oil prices and the weaker Canadian dollar. Nathan Cullen says he'll recommend that the finance committee seek updates from private-sector economists, finance Minister Joe Oliver and Bank of Canada governor Stephen Poloz on the state of the economy. (Falling oil prices have prompted economists to slash economic growth forecasts for Canada and recently prompted the central bank to lower its trend-setting interest rate. The government has delayed its budget until April at the earliest because of the volatility.)

Date: 2015-02-02
Placeline: OTTAWA.
Source: The Canadian Press
Length: 15 seconds

Transcript Prediction: << the reality of today seems remarkably different than something we've had to deal with for quite some time and healthy debate going on at this to what positive negatives will be the net impact >>


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