Oil prices and consumer goods demand are among the variables that will affect inflation this year, bank economists suggest
Prices have recovered after a slide in late November when the new variant emerged
Canadian crude oil production is expected to peak at 5.8 million barrels per day in 2032 and then slowly decline
Steady monthly increases in oil releases will continue
Governments must be 'thoughtful' about the pace and scale of the clean energy transition, Al Monaco noted
Recent price surges should ease as temporary drivers normalize
Production disruptions, high demand, push energy prices higher
With oil production constrained, rising demand may boost prices
The decision comes amid stronger demand for oil products like gasoline and jet fuel
The strategy includes building a carbon sequestration facility in Cold Lake, Alta