"Higher oil prices also mean higher prices at the gas pumps. But from a macro perspective, Canada's economy benefits when #oilprices rise. ...
"While our results are necessarily tentative, they suggest that the #Canadianeconomy does have a “sweet spot” for oil prices at around US$120 - US$130 in today’s dollars and that pushing well beyond it comes with diminishing, and potentially negative, macro returns," [Scotiabank's Olivier Gervais] wrote."
#oilandgas
https://subscriptions.cbc.ca/newsletter_static/messages/mindyourbusiness/2026-05-25/