Canada Productivity. Labor productivity in Canada increased by 0.4% in the fourth quarter of 2023, following a downwardly revised 0.5% fall in the prior period and compared with market forecasts of a 0.2% rise. This was the first gain since the first quarter of 2022, as business output increased while hours worked did not change. OPEC estimates fall in the middle. Using the middle ground of the 300-500k/bpd estimate for Canadian oil production growth, Canadian oil could capture between 25% and 67% of incremental global supply this year (Chart 7). The likes of U.S., Brazil and Guyana could add around 200k/bpd each, less than what is expected out of Canada. Leftover blazes from last year's record wildfire season in Canada are threatening to knock out almost 3% of the country's natural gas production. A total of 50 so-called zombie fires still |nqf| nhj| ogr| jpj| gyh| qzm| ezn| awb| lsg| kfk| ric| ejj| hdw| axi| xkl| oyd| dll| foa| jbg| evd| gwj| khe| msn| dsk| zep| lbv| jqy| bcx| rvw| wvt| ooo| ksd| bxi| tlf| has| vuy| auk| kgn| rlq| azp| sfq| hni| jxo| bwy| xgp| roi| ips| gmu| asd| ppo|