There are differing views on how sustained the latest rout will be
Benjamin Tal, deputy chief economist at CIBC World Markets Inc., crunches the numbers on how the drop in oil prices will affect Canada -- province by province and sector by sector. Tal gives tips on how investors can position during the volatile ride of oil's dramatic decline.
Canadian governments stand to lose between $10 billion and $13 billion in revenues as a result of lower oil prices
Falling oil prices add nearly $400 million to forecast
If oil price drops too far, the picture gets bleak
Ultimate impact will be determined by the length and severity of price declines, and spillovers to the broader economy
BMO report looks at potential winners and losers should oil prices remain near US$60
Drop could stimulate U.S. economy, curb Canadian government revenues
Global demand has not kept pace with strong oil production worldwide, leading to revised price assumptions
