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Oil & Energy May Yet Save Canadian Economy

Submitted by james on Wed, 04/16/2008 - 15:42.
  • Investing

Everyone seems to be thinking that green is the way to go - unless you want to save the economy. According to CIBC analyst Jeff Rubin, Canada's wealth of oil may in fact save the nation from falling into a similar plight as the US economy.

According to the report, Canada's energy and resources sectors are in fact withstanding the slowdown in spending south of the border.

The high price of oil has helped too - and many analysts see this rising even further - upwards of $150 per barrel.

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