EUREKA ! PLUNGING OIL PRICES TOP BUSINESS STORY OF 2014

Dec 30, 2014

By Bob Komsic

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Given the impact it’s had in the last half of the year, and the expected far-reaching implications heading into next year, the price of oil has been chosen The Canadian Press Business News Story of the Year.

oil_dollar

After hitting US$107 a barrel around mid-year, the price began plummeting and has not stopped.

The ripple effects go well beyond the oil patch.

Federal and provincial government coffers are taking a hit.

So’s the value of the Canadian dollar.

But big smiles can be found at gas stations across the country as motorists enjoy prices they haven’t seen for years.

 

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