How have oil price fluctuations impacted the Canadian labour market?

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As one of the world’s top ten oil producing countries, Canada is one of many markets across the globe directly affected by the dramatic fluctuations in oil prices over the past few years. In 2014, an oversupply of oil led prices to fall from around $100 to about half that in just six months and ultimately plunge below $30 for the first time in over a decade. Since showing signs of life in early 2016, oil has stabilized around $50. This has left an entire industry—and in some cases entire national economies—scrambling to adjust to a new paradigm in which

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