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Welcome back to a world of US$70 oil.
It’s been more than two years since benchmark U.S. oil prices were at such a lofty level and they briefly returned to that mark on Monday, bolstering expectations of a revival for the Canadian oil sector in the second half of this year and into 2022.
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As oil hits $70, new forecast shows Alberta's economy primed to lead Canada in growth Back to video
Higher energy prices are also expected to help jumpstart an economic recovery in Alberta, as a new Conference Board of Canada report projects the province will lead the country in growth this year and next.