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Public ownership of oil refineries will see Alberta through low oil prices, says AFL President Gil McGowan

Photo: Flickr/Kris Krug

Low oil and gas prices may be benefitting consumers in the short-term, but small victories at the pump come with some grave long-term effects for Canada's economy.

With oil prices 40 per cent lower than they were last year, the Conference Board of Canada predicts that national economic growth will be just 1.9 per cent in 2015, down from 2.4 per cent in 2014.



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