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Looking to 2016, oil prices are expected to firm modestly as supply is reduced and becomes more closely aligned with demand.

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Some have argued that these high-income earners will flee the country to avoid this steep rise in tax rates or engage in tax avoidance measures to shelter their income.Perhaps this time is different, but should housing investment and construction employment return to long term norms, it could result in some 250,000 lost jobs in the sector.” “This is a spider graph from the 2012 Survey of Financial Security (Statistics Canada) showing the incidence of ownership of certain kinds of assets by household income quintile.It’s from a study I did this year commissioned by Prosper Canada.Send it to us on Twitter, on our Facebook page or link to it in the comments section below. “The drop in oil prices in the second half of 2014 resulted in a 30 per cent drop in investment by energy companies in 2015 with the weight being sufficient to drive the economy into negative growth territory in the first half of the year.A rebound in export activity starting in June combined with firm consumer spending and housing market activity likely skated the economy back into the positive column in the third quarter.That is helping rebalance expenses in the petroleum sector, for which payroll costs account for roughly 70 per cent of total operating expenses.

The weakness in the petroleum sector is not just Alberta’s problem—it’s Canada’s problem.

At these levels, Canadian energy companies are expected to reduce investment again, albeit by less than half 2015’s drop in percentage terms.

Failure of prices to recover raises the prospect of even deeper cuts to investment by oil and gas companies next year and would likely result in Canada’s economy remaining on a slower growth path than the 2.2 per cent pace we are expecting.” “Oil prices used to have an 80 per cent correlation with the loonie and now it is a 94 per cent relationship.

In addition, the provinces of Alberta and Newfoundland are increasingly affected by the drop in oil prices that has resulted in layoffs.

This has led others to suggest we might see a reallocation of high-income earners across the provinces as they seek employment in those provinces less affected.

has once again asked dozens of economists, analysts, investors and financial writers to each share their pick for the most important chart for Canada in the year ahead.