Bank of Canada Review Autumn 2017

Between January 2011 and June 2014, Brent oil prices were relatively stable around US$110 per barrel—a three-and-a-half-year average that, in real terms, had never been seen before. However, oil prices fell steadily from that point, reaching a low of US$29 in January 2016, and have averaged US$5...

Bank of Canada Review Autumn 2017