Monthly employment data suggests the number of people working in Canada's oil and gas sector has fallen by more than 14,000 so far this spring, as the sector deals with low oil prices and the economic impact of COVID-19. "The sector is already quite, quite thin in terms of the number of people working in the industry," Howes said. Howes said the sector most affected so far appears to be the oil and gas services sector. The Canadian oilpatch has been hit hard by a drop in oil prices and the economic fallout of the COVID-19 pandemic. He said if benchmark oil prices stabilize above $40 US a barrel — or better still, $45 US — it would help.

Source: CBC News June 20, 2020 00:11 UTC