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Canada's oilpatch adjusts to the 'new normal' after a year of pain

2015-12-15 18:00:12| Energy - Topix.net

"It's definitely a noticeable slowdown," said Mayor Craig Copeland, who has been hearing from hotels, restaurants and retailers that business is down about 30 per cent year-over-year in the oilpatch's bedroom community. It's not much of a surprise, with crude prices spending most of the year under US$50 a barrel and sinking below US$40 a barrel this month.

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