What does $1.6B in federal cash mean for the oil and gas sector?
"People are frustrated and they're upset and frankly, they're scared," says CBC business correspondent Peter Armstrong about workers in the oil and gas industry following months of record-low oil prices. On Tuesday the Canadian government announced a $1.6 billion support package for the struggling energy sector. Today on Front Burner, Armstrong explains what's at stake for Canada's oil patch and breaks down how far the funds will really go.
Front Burner · CBC
December 19, 201820m 3s
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Show Notes
"People are frustrated and they're upset and frankly, they're scared," says CBC business correspondent Peter Armstrong about workers in the oil and gas industry following months of record-low oil prices. On Tuesday the Canadian government announced a $1.6 billion support package for the struggling energy sector. Today on Front Burner, Armstrong explains what's at stake for Canada's oil patch and breaks down how far the funds will really go.