Canada Looks To U.S. As Oil Crisis Escalates

Canada is in close contact with the United States about the oil price crash and its effect on the industry, Canada’s Deputy Prime Minister and Minister of Intergovernmental Affairs Chrystia Freeland told media. “Let me just say that this is a very fast-moving situation,” Freeland said as quoted by CBC News. “The current situation in the global energy markets is something that we’re very concerned about.”  The oil price shock has left the Canadian oil industry reeling, with the local crude benchmark sinking below $10 per barrel, casting…