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Daily Archives: Aug 28, 2016

Why BMO’s CEO expects it to take two or three years for oil prices to stabilize

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Oil prices won’t go back to more normal levels for two or 3 years, and people expecting a speedy rebound out of this month’s 12-year lows are being unrealistic, Bank of Montreal Ceo William Downe said. “It’s unrealistic to believe it’s going to snap back,” Downe said in an interview Friday in Davos, Switzerland. “Prices will normalize after which begin to ...

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