The decline in production and investment in Canada's oil and gas sector and its impact on the economy / by Weimin Wang.: CS11-626/2020-109E-PDF
"This Economic Insights estimates the economic impact of the potential decline in production and investment in the oil and gas industry due to recent shocks in oil prices. Oil prices dropped sharply in March as the COVID-19 pandemic unfolded and as Russia and Saudi Arabia failed to reach an agreement to support oil prices by limiting production. In response, oil companies in Canada reacted by adjusting down both capital expenditures and production plan in 2020. This article uses input-output multipliers to estimate the impact of such cut backs in production and investment on GDP growth and jobs in the total economy under different scenarios"--page 1.
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|Department/Agency||Statistics Canada, issuing body.|
|Title||The decline in production and investment in Canada's oil and gas sector and its impact on the economy / by Weimin Wang.|
|Series title||Economic insights, 1927-503X ; no. 109|
|Publication type||Series - View Master Record|
|Other language editions||[French]|
|Note(s)|| Issued also in French under title: La baisse de la production et des investissements dans l’industrie du pétrole et du gaz au Canada et les répercussions sur l’économie. |
Issued also in HTML format.
"Release date: July 8, 2020."
"Catalogue no. 11-626-X-2020007 - No. 109."
Includes bibliographical references (pages 7-8).
|Publishing information|| [Ottawa] : Statistics Canada = Statistique Canada, 2020. |
|Author / Contributor||Wang, Weimin, 1963- author.|
|Description||1 online resource (8 pages) : charts.|
|Catalogue number|| |
|Subject terms|| COVID-19 (Disease) -- Economic aspects -- Canada -- Statistics. |
Petroleum products -- Prices -- Economic aspects -- Canada.
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