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  • 1. The oil and gas sector in Canada: A year after the start of the pandemic
    Articles and reports: 36-28-0001202100700003
    Description:

    Since 2000, the oil and gas extraction industry has averaged 5% of GDP for Canada, 21% for Alberta, and 25% for Newfoundland and Labrador, making it an important contributor to the Canadian economy. Following the oil price crisis of March and April, 2020, many oil and gas companies in Canada cut back their production and investment plans. One year later the price of oil has increased to pre-crisis levels, and the recovering global economy may support a rebound in global oil demand. This article examines to what extent the industry has recovered from the crisis and the challenges facing the industry, now and in the future.

    Release date: 2021-07-28
  • 2. Canada’s oil and gas sector: The decline in production and investment and the impact on the economy Archived
    Stats in brief: 45-28-0001202000100045
    Description:

    The oil and gas industry is an important contributor to the Canadian economy, especially in Alberta. From the year 2000 onwards, its share in the total economy averaged about 5% of Canadian and 21% of Albertan GDP. The recent decline in oil prices will have a large impact on Canada's oil and gas industry, which in turn will affect other industries. This article estimates the economic impact of the potential decline in production and investment in the oil and gas industry due to recent shocks on the Canadian economy.

    Release date: 2020-07-08
  • 3. The Decline in Production and Investment in Canada’s Oil and Gas Sector and its Impact on the Economy Archived
    Stats in brief: 11-626-X2020007
    Description:

    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.

    Release date: 2020-07-08
  • 4. Employment Structure in Rural and Small Town Canada: The Primary Sector Archived
    Articles and reports: 21-006-X2000007
    Geography: Canada
    Description:

    The rural employment picture is changing quickly in Canada. As in most western nations, primary industries in Canada are losing jobs. This provides a challenge to national, provincial and local decision-makers to find new goods and services to export in order to help stabilise the employment levels in communities that are dependent upon primary sector employment. The purpose of this bulletin is to investigate the changing structure of primary sector employment in rural Canada in the 1980s and the 1990s. Specifically, we look at employment in the agricultural industry and employment in all other primary industries (i.e. fishing, logging and forestry, mining and oil and natural gas extraction, and hunting and trapping).

    Release date: 2001-04-05
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  • 1. The oil and gas sector in Canada: A year after the start of the pandemic
    Articles and reports: 36-28-0001202100700003
    Description:

    Since 2000, the oil and gas extraction industry has averaged 5% of GDP for Canada, 21% for Alberta, and 25% for Newfoundland and Labrador, making it an important contributor to the Canadian economy. Following the oil price crisis of March and April, 2020, many oil and gas companies in Canada cut back their production and investment plans. One year later the price of oil has increased to pre-crisis levels, and the recovering global economy may support a rebound in global oil demand. This article examines to what extent the industry has recovered from the crisis and the challenges facing the industry, now and in the future.

    Release date: 2021-07-28
  • 2. Canada’s oil and gas sector: The decline in production and investment and the impact on the economy Archived
    Stats in brief: 45-28-0001202000100045
    Description:

    The oil and gas industry is an important contributor to the Canadian economy, especially in Alberta. From the year 2000 onwards, its share in the total economy averaged about 5% of Canadian and 21% of Albertan GDP. The recent decline in oil prices will have a large impact on Canada's oil and gas industry, which in turn will affect other industries. This article estimates the economic impact of the potential decline in production and investment in the oil and gas industry due to recent shocks on the Canadian economy.

    Release date: 2020-07-08
  • 3. The Decline in Production and Investment in Canada’s Oil and Gas Sector and its Impact on the Economy Archived
    Stats in brief: 11-626-X2020007
    Description:

    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.

    Release date: 2020-07-08
  • 4. Employment Structure in Rural and Small Town Canada: The Primary Sector Archived
    Articles and reports: 21-006-X2000007
    Geography: Canada
    Description:

    The rural employment picture is changing quickly in Canada. As in most western nations, primary industries in Canada are losing jobs. This provides a challenge to national, provincial and local decision-makers to find new goods and services to export in order to help stabilise the employment levels in communities that are dependent upon primary sector employment. The purpose of this bulletin is to investigate the changing structure of primary sector employment in rural Canada in the 1980s and the 1990s. Specifically, we look at employment in the agricultural industry and employment in all other primary industries (i.e. fishing, logging and forestry, mining and oil and natural gas extraction, and hunting and trapping).

    Release date: 2001-04-05
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