Scotiabank Market Points
Scotiabank Market Points
Scotiabank Global Banking and Markets
Critical commodities: Economic outlook for oil, gold and industrial metals markets
13 minutes Posted Feb 11, 2021 at 6:20 pm.
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On his first day in office, U.S. President Joe Biden cancelled the Keystone XL pipeline project, citing America’s prioritization of a clean energy economy. What does the cancellation mean for Canadian oil, and are oil markets safe from a repeat of 2020? As the global economy strives for a turnaround, our guest on this episode of Market Points, Marc Desormeaux, Senior Economist at Scotiabank, makes the connections between some critical commodities and our economic comeback.