Alberta’s oilpatch spending is anticipating a 30% drop

 The spending limits for extracting gas and oil is likely to drop by $7 billion from last year; an estimated 30% says ATB Financial. 

The provincial Crown corporation said on Wednesday; this would be the lowest spending since 2006. They also said spending by the oil and gas extraction sector would be 58% lower than average from the last 10-years.

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