Oil-price drop impact on Canada lessened thanks to foreign ownership

[rwana]

http://i.cbc.ca/1.2874851.1418745428!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_460/petrocanada-oilsands-pipeline.jpg An internal memo at Finance Canada says foreigners own between 40 and 50 per cent of the energy sector, a level higher than reported by StatsCan. And that means Canada's economy was partially shielded from the impact of dropping oil prices because foreign investors had to eat some of the losses.


more .... (http://www.cbc.ca/news/politics/oil-price-drop-impact-on-canada-lessened-thanks-to-foreign-ownership-1.3091814?cmp=rss)