Shopping for a mortgage this spring? Oil’s collapse has changed the equation

The oil and gas sector accounts for half a million direct and indirect jobs and more than 5 per cent of our economic output. When demand for oil peaks, Canada’s economy will be tested. That could happen as soon as 2025, according to some analysts. Electric-powered transportation, alternative fuels, recycling, alternatives to plastics and environmental pressures are just some of the headwinds.