{"id":2806,"date":"2014-12-11T10:04:03","date_gmt":"2014-12-11T15:04:03","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2806"},"modified":"2014-12-11T10:04:03","modified_gmt":"2014-12-11T15:04:03","slug":"oil-price-drop-expected-to-surface-at-provincial-federal-finance-ministers-meeting-2","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2806","title":{"rendered":"Oil Price Drop Expected To Surface At Provincial-Federal Finance Ministers&#8217; Meeting"},"content":{"rendered":"<p><a href=\"http:\/\/www.huffingtonpost.ca\/2014\/12\/11\/oil-price-drop-canada_n_6306894.html?utm_hp_ref=canada\">Oil Price Drop Expected To Surface At Provincial-Federal Finance Ministers&#8217; Meeting<\/a>.<\/p>\n<p style=\"box-sizing: border-box; direction: ltr; font-family: inherit; font-weight: normal; font-size: 1em; line-height: 1.6; text-rendering: optimizelegibility; vertical-align: baseline; font: normal normal normal 15px\/21px Georgia, Century, Times, serif; color: #333333; padding: 0px; margin: 0px 0px 15px 0px; border: 0px initial initial;\">The topic of sliding oil prices is expected to surface this weekend when provincial finance ministers from across Canada have their first face-to-face meeting with federal counterpart Joe Oliver.<\/p>\n<p style=\"box-sizing: border-box; direction: ltr; font-family: inherit; font-weight: normal; font-size: 1em; line-height: 1.6; text-rendering: optimizelegibility; vertical-align: baseline; font: normal normal normal 15px\/21px Georgia, Century, Times, serif; color: #333333; padding: 0px; margin: 0px 0px 15px 0px; border: 0px initial initial;\">Saskatchewan Finance Minister Ken Krawetz said the federal-provincial gathering begins Sunday with an informal get-together in the Ottawa area, followed by sessions Monday that will include a presentation by Bank of Canada governor Stephen Poloz.<\/p>\n<p style=\"box-sizing: border-box; direction: ltr; font-family: inherit; font-weight: normal; font-size: 1em; line-height: 1.6; text-rendering: optimizelegibility; vertical-align: baseline; font: normal normal normal 15px\/21px Georgia, Century, Times, serif; color: #333333; padding: 0px; margin: 0px 0px 15px 0px; border: 0px initial initial;\">Krawetz also expects the group to discuss the plunging price of oil, which threatens to erode public finances in several oil-rich provinces as well as the federal government&#8217;s bottom line.<\/p>\n<p style=\"box-sizing: border-box; direction: ltr; font-family: inherit; font-weight: normal; font-size: 1em; line-height: 1.6; text-rendering: optimizelegibility; vertical-align: baseline; font: normal normal normal 15px\/21px Georgia, Century, Times, serif; color: #333333; padding: 0px; margin: 0px 0px 15px 0px; border: 0px initial initial;\">Oil prices fell below US$64 a barrel this week \u2014 roughly a 40-per-cent slide since mid-summer.<\/p>\n<p style=\"box-sizing: border-box; direction: ltr; font-family: inherit; font-weight: normal; font-size: 1em; line-height: 1.6; text-rendering: optimizelegibility; vertical-align: baseline; font: normal normal normal 15px\/21px Georgia, Century, Times, serif; color: #333333; padding: 0px; margin: 0px 0px 15px 0px; border: 0px initial initial;\">&#8220;We are concerned about the loss of revenue, there&#8217;s no question about that,&#8221; Krawetz told The Canadian Press in an interview.<\/p>\n<p style=\"box-sizing: border-box; direction: ltr; font-family: inherit; font-weight: normal; font-size: 1em; line-height: 1.6; text-rendering: optimizelegibility; vertical-align: baseline; font: normal normal normal 15px\/21px Georgia, Century, Times, serif; color: #333333; padding: 0px; margin: 0px 0px 15px 0px; border: 0px initial initial;\">&#8220;We&#8217;re also concerned that if indeed there is a prolonged decline, what will be the effect across the entire nation with regards to oil?&#8221;<\/p>\n<p style=\"box-sizing: border-box; direction: ltr; font-family: inherit; font-weight: normal; font-size: 1em; line-height: 1.6; text-rendering: optimizelegibility; vertical-align: baseline; font: normal normal normal 15px\/21px Georgia, Century, Times, serif; color: #333333; padding: 0px; margin: 0px 0px 15px 0px; border: 0px initial initial;\"><!-- [if gte mso 9]><xml>\n <w:WordDocument>\n  <w:Zoom>0<\/w:Zoom>\n  <w:DisplayHorizontalDrawingGridEvery>0<\/w:DisplayHorizontalDrawingGridEvery>\n  <w:DisplayVerticalDrawingGridEvery>0<\/w:DisplayVerticalDrawingGridEvery>\n  <w:UseMarginsForDrawingGridOrigin\/>\n <\/w:WordDocument>\n<\/xml><![endif]--> <!--StartFragment--><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 13.0pt; font-family: LucidaGrande; color: #282828;\">&#8230;click on the above link to read the rest of the article&#8230;<\/span><\/p>\n<p style=\"box-sizing: border-box; direction: ltr; font-family: inherit; font-weight: normal; font-size: 1em; line-height: 1.6; text-rendering: optimizelegibility; vertical-align: baseline; font: normal normal normal 15px\/21px Georgia, Century, Times, serif; color: #333333; padding: 0px; margin: 0px 0px 15px 0px; border: 0px initial initial;\"><!--EndFragment--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil Price Drop Expected To Surface At Provincial-Federal Finance Ministers&#8217; Meeting. The topic of sliding oil prices is expected to surface this weekend when provincial finance ministers from across Canada have their first face-to-face meeting with federal counterpart Joe Oliver. Saskatchewan Finance Minister Ken Krawetz said the federal-provincial gathering begins Sunday with an informal get-together [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[942,103,592,1775],"class_list":["post-2806","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-bank-of-canada","tag-canada","tag-oil-price","tag-oil-price-collapse"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2806"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2806\/revisions"}],"predecessor-version":[{"id":2807,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2806\/revisions\/2807"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}