The Bank of Canada says the economy as a whole has adjusted to lower prices for crude, and the oil-price shock that began three years ago is largely complete.
However, Wednesday’s small-but-meaningful hike to the country’s key interest rate is still worrying for many in Western Canada, especially in oil-focused Alberta – where the ill effects of the downturn and the spectre of continuing oil price weakness lingers.
Discover content from The Globe and Mail that you might otherwise not have come across. Here we’ll provide you with fresh suggestions where we will continue to make even better ones as we get to know you better.
You can let us know if a suggestion is not to your liking by hitting the ‘’ close button to the right of the headline.