It\u0027s a prospect that could put even more pressure on consumers and make it harder for central bankers to rein in inflation.
Botterill said he’s currently working on Deloitte’s upcoming oil price forecast report and considering whether to revise his own earlier projections higher.“I can list a lot more reasons why oil will move up right now than down.”
Surging oil prices in the months ahead will likely make efforts by the Bank of Canada and other central bankers to get inflation under control more challenging. “Energy costs play a big role in all of our lives, and they’re certainly a big part of the inflation calculation for Canada,” Botterill said.Article content
“The outlook is really bullish, for the foreseeable future,” she said. “You’re seeing a lot of activity, some M&A and consolidation. Companies are well-capitalized, and they’re willing to put their capital at play.” “Our members are ready to deploy capital into next-gen decarbonization projects. But again, capital is mobile — it will go to where there’s the greatest rate of return,” she said.
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Growing number of forecasts predict oil will reach US$100 this fallCALGARY — A growing number of forecasts are calling for the return of US$100 oil before the end of the year — a prospect that could put even more pressure on consumers and make it harder for central bankers to rein in inflation.
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Growing number of forecasts predict US$100 oil this fallCALGARY — A growing number of forecasts are calling for the return of US$100 oil before the end of the year.
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