Canada: Layoffs loom in Alberta’s oil patch

Financial Post: It`s been years since David Yager has seen multiple “For Sale” and “For Rent” signs in Fort McMurray, the northern Alberta city that is usually crawling with workers from across Canada looking to make a buck in the oilsands boomtown. In times when the province’s unemployment rate plunged below 4%, workers paid exorbitant rents to live in Fort McMurray garages. In late December of this year, amid predictions of a spike in the province’s unemployment rate, bachelor suites in “Fort Mac” were being......

Read Complete Article at Water Conserve: Water Conservation RSS News Feed

You can leave a response, or trackback from your own site.

Leave a Reply