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Huge job cuts in the oil producing Canadian province of Alberta are coinciding with a dramatic increase in local suicide rates.
In the first six months of 2014 there were 252 suicides in Alberta. In the same period in 2015, there were 327, and could reach 654 suicides this year if the trend continues.
On Monday, the Canadian dollar dropped to 11-year lows. This happened after OPEC decided on Friday to practically abandon its long-time strategy of limiting production to control prices.
The Canadian currency is down 15 percent from a year ago. Until this year oil was the country’s biggest export. According to last week’s data, Canada’s unemployment rate unexpectedly increased in November.
As of 2:00pm GMT on Tuesday, Brent benchmark was trading at $40.13 per barrel, which is 60 cents lower than the previous close. Oil prices are down almost 40 percent from the same day in 2014 …. https://www.rt.com/business