Mr. Chris Matier at the Finance Committee

On April 28th, 2015. See this statement in context.

April 28th, 2015 / 10:40 a.m.

Senior Director, Economic and Fiscal Analysis and Forecasting, Office of the Parliamentary Budget Officer, Library of Parliament

Chris Matier

Thanks, but I'm not an expert on oil prices.

I believe in the April 2015 MPR from the Bank of Canada, the assumption for WTI oil prices was $50 a barrel for the next three years, so out to 2017. As you know, oil prices are quite volatile and play an important role in the Canadian economy. I think in doing projections it's important to have probably a range of estimates, or at least a risk analysis around that.

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