{"id":15578,"date":"2015-12-22T19:55:11","date_gmt":"2015-12-23T00:55:11","guid":{"rendered":"http:\/\/olduvai.ca\/?p=15578"},"modified":"2015-12-22T19:55:11","modified_gmt":"2015-12-23T00:55:11","slug":"canadians-should-be-concerned-as-energy-sector-job-losses-spike-to-100000-this-year","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=15578","title":{"rendered":"“Canadians Should Be Concerned” As Energy Sector Job Losses Spike To 100,000 This Year"},"content":{"rendered":"

“Canadians Should Be Concerned” As Energy Sector Job Losses Spike To 100,000 This Year<\/a><\/h3>\n
It’s grim up north… and getting grimmer. Amid\u00a0soaring suicide rates<\/a>, Canada’s once-booming oil patch is rapidly accelerating its downward trajectory.\u00a0“Canadians should be concerned in times like these,”\u00a0<\/em><\/strong>warned Tim McMillan, president and chief executive of the Canadian Association of Petroleum Producers, noting that\u00a0the oil and gas sector will see 100,000 job losses by the end of this year.<\/strong>\u00a0Even if oil prices rise early and fast next year,\u00a0Financial Post reports<\/a>,\u00a0it may take a while for Canadian oilsands to rebound as the industry has mothballed a number of long-term projects<\/strong><\/em>.<\/p>\n
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Over the past year, we have extensively chronicled the tragic story of Alberta – Canada’s once booming oilpatch – disintegrate slowly at first, then very fast, into an economic and financial wasteland:<\/p>\n