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Despite lower energy prices, western provinces to increase infrastructure spending

from Daily Commercial News

Given the sharp (50 per cent) drop in oil prices since mid-2014, attention has been focussed on the potential impact of a significant decline in energy-derived tax revenues and corporate profits on both public and private investment primarily in Alberta and to a much lesser extent in Saskatchewan over the near term. At the same time, there is growing evidence that the impact of low energy prices is having a positive impact on activity in British Columbia as well as in Manitoba. more

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