Low Oil Prices Continue To Wreak Havoc, Canada's Unemployment Ticks Higher

Low Oil Prices Continue To Wreak Havoc, Canada’s Unemployment Ticks Higher

Oil is continuing to hover around horribly low $30.00 levels. The massacre in prices we have seen in this market since it began to plunge has been truly historic, crippling countries that rely heavily on this commodity.

Two countries that we have written about extensively, Russia and Canada, have both felt the pain that a crashing oil market can cause, and are experiencing unemployment and inflation rise.

In addition to this, both countries’ currencies have witnessed massive setbacks, which only adds to the pain, given the large amount of imports they require to function.

Today we focus on Canada, which is once again feeling the pinch of continued low oil prices. The province...