Oil price plunge could cost Canada 185,000 jobs this year, agency warns
Norm Betts/Bloomberg News'Many of the losses would take place in Alberta and would impact those employed in oil and gas extraction and related construction (58,000), followed by oil and gas support services (21,000),' said Petroleum Labour Market Information, a unit of Enform, funded by the federal government.
As many as 185,000 jobs directly and indirectly related to the oil and gas could be lost this year, as the pain of low oil and gas prices ripples through the Canadian economy.
“Many of the losses would take place in Alberta and would impact those employed in oil and gas extraction and related construction (58,000), followed by oil and gas support services (21,000),” said Petroleum Labour Market Information, a unit of Enform, funded by the federal government.
About one-third, or 60,000, jobs, could be lost outside of Alberta, including an estimated 20,000 jobs in British Columbia and 14,000 jobs in Ontario, the study forecast.
More to come…
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Topics: Energy, Oil Prices
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