Tag Archives: oil prices

BC Ferry Fares Will Not Rise This Spring

By Roy L Hales

Many British Columbians have been disappointed with BC Ferries  since the Liberal Government privatized the corporation in 2003. As the National Post pointed out, operating costs have “ballooned by more than $20-million a year, fares have risen by as much as 100%, and as per one recent study, the combined effect has sapped an incredible $2.3-billion out of the coastal economy.”  However there was some good news this morning. Thanks to the drop in world oil prices, BC Ferry fares will not rise this spring.

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Low Oil Prices Deflate Canada’s Petrocurrency

By Roy L Hales

The Canadian dollar dropped to its lowest exchange rate in eleven years Wednesday. Dr Werner Antweiller, of UBC’s Sauder School of Business, that is because our economy is so focused on the oil sector. Consequently, low oil prices deflate Canada’s petrocurrency.

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