index proceeded to fall about 16 per cent.
Oil prices are being blamed for dragging down the TSX in 2015. The
price of a barrel of oil closed at just over $37 US, marking a painful
decline from the days of $100 barrels in 2014. Financial challenges con-
tinue to be predicted for 2016 with the loonie expected to drop below
70 cents US but expected to finish stronger by the end of the year.
On a brighter note, the weakened dollar has been encouraging a rise
in total exports. Five of Canada’s manufacturing sectors — industrial
machinery, electronics, motor vehicles, aircraft and consumer goods
— recorded export growth of more than 10 percent last year.
With files from
and theglobeandmail.com
JANUARY 2016
H
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