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COVID-19

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pumpjack, oil and gas installation, foggy day, Cremona, Alta.,

Feds weigh who to bail out

Canada's oil producers could only sit and watch as the price of their product plummeted last month to less than what it costs to buy a litre of soda, hit by the double whammy of a COVID-19-induced drop in global demand and a production war between Russia and Saudi Arabia that flooded the market with more oil it didn't need.