CBC.ca | Canada's oil industry expected to lose another $1.1B this year CBC.ca After hovering around $40 US for much of last year, oil prices have recovered and been over $50 a barrel for most of 2017. The board expects that to continue, with an average price of $55 per barrel for the year. That figure is also forecast to tick up ... Canadian oil industry will continue to lose money this year: Conference Board |