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… * Oil falls more than $1, Brent hits 4-year low. * OPEC shows no sign of willingness to cut output. * API says U.S. crude inventories jump; EIA awaited (Updates prices).

Low oil prices could halt Canadian tax cuts

The Canadian government will soon have to weigh the risks of declining oil prices before it making large tax cuts. Joe Oliver, Canada’s Finance Minister, has said that the government will not be breaking its tax-cutting promises despite the recent slump in oil …
Tax cuts? Ottawa must first consider falling oil prices, economists say  
Could low oil prices alter promised tax cuts?  
The oil industry should have seen it coming. Prices are falling, and if history repeats itself, there is no reason they can’t fall much further yet.
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